Centrus Reports 4th Quarter and Full Year 2023 Results.

• Published date: 26 March 2024

BETHESDA, Md: Centrus Energy Corp. (NYSE American: LEU) ("Centrus" or the "Company") today reported 2023 results. The Company reported net income of $84.4 million for the year ended December 31, 2023, which is $5.55 (basic) and $5.44 (diluted) per common share.

"Centrus delivered a robust fourth quarter performance, capping off a historic and profitable year with the launch of the first new U.S.-owned, U.S.-technology enrichment plant to begin production in 70 years," said Centrus President and CEO Amir Vexler. "With support of a strong, public-private partnership, we look forward to scaling up production in our Ohio facility to meet the full range of America's commercial and national security requirements for enriched uranium, including HALEU for advanced reactors and LEU for the existing reactor fleet."

Full Year Financial Results

Centrus achieved operating income of $52.4 million and $59.7 million for the year ended December 31, 2023 and 2022, respectively. Net income included the impact of a $21.3 million estimated loss in the year ended December 31, 2022 related to Centrus' cost-share contribution to the HALEU Operation Contract that the Company secured in November 2022 with...