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Jun 30, 2020
Centrus Q2 2020 Earnings Report
Centrus reported net income and increased revenue due to growth in the LEU and technical solutions segments.
Key Takeaways
Centrus Energy Corp. reported a net income of $33.7 million for the second quarter of 2020, a significant improvement compared to the net loss of $15.6 million in the same period last year. The company's revenue increased to $75.7 million, driven by growth in both the LEU and technical solutions segments. The consolidated cash balance as of June 30, 2020, was $119.3 million.
Net income of $33.7 million, a $49.3 million improvement from Q2 2019.
Gross profit of $43.8 million, including $32.4 million from a claim settlement.
NRC accepted the application to expand the license at Piketon, Ohio, for HALEU production.
Consolidated cash balance of $119.3 million as of June 30, 2020.
Revenue by Segment
Forward Guidance
Operating results and cash flows can fluctuate significantly from quarter to quarter and year to year. Therefore, our operating results for the three and six months ended June 30, 2020, are not necessarily indicative of the results that may be expected for the year ending December 31, 2020.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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