Quarterly ResultMay 6, 2026, 07:08 AM
Centrus Q1 Net Income $10.0M, Down from $27.2M YoY
AI Summary
Centrus Energy Corp. reported a significant decrease in net income and operating income for the first quarter of 2026, despite a slight increase in total revenue. Net income fell to $10.0 million from $27.2 million year-over-year, primarily due to a substantial rise in advanced technology costs. The company also announced an engineering, procurement, and construction contract with Fluor for the commercial expansion of LEU and HALEU production capabilities in Piketon, Ohio, and updated on its HALEU Operation Contract with the DOE.
Key Highlights
- Net income for Q1 2026 was $10.0M, down from $27.2M in Q1 2025.
- Total revenue increased to $76.7M in Q1 2026 from $73.1M in Q1 2025.
- Operating income significantly decreased to $0.8M in Q1 2026 from $20.5M in Q1 2025.
- Basic EPS was $0.51 in Q1 2026, compared to $1.60 in Q1 2025.
- Technical Solutions segment revenue grew to $32.1M in Q1 2026 from $21.8M YoY.
- Advanced technology costs rose to $18.9M in Q1 2026 from $3.0M YoY.
- Entered an EPC contract with Fluor for LEU and HALEU production expansion.
- Total remaining performance obligations were $0.8B as of March 31, 2026.
Price Impact
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