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Sep 30, 2020
Centrus Q3 2020 Earnings Report
Centrus reported a net loss due to variability in the timing of customer deliveries, while making progress on HALEU production capabilities and capital structure improvements.
Key Takeaways
Centrus Energy Corp. reported a net loss of $7.0 million for the third quarter of 2020, compared to a net income of $22.8 million for the third quarter of 2019. The company raised approximately $25 million through a public offering and announced a cash tender offer to retire up to $60 million of Series B Senior Preferred Stock. They also signed an agreement with TerraPower to pursue commercial-scale HALEU production.
Net loss of $7.0 million, a decrease of $29.8 million compared to 3Q 2019 net income.
Raised approximately $25 million through an underwritten public offering of Class A Common Stock.
Announced cash tender offer to retire up to $60 million of Series B Senior Preferred Stock.
Signed an agreement with TerraPower to pursue commercial-scale, domestic production capabilities for High-Assay, Low-Enriched Uranium (HALEU).
Revenue by Segment
Forward Guidance
Centrus anticipates that revenue in the fourth quarter of this year for LEU segment will be the highest of any quarter for 2020, assuming there are no interruptions to our planned customer deliveries based on changes in the market or Covid-19.
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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