Centrus Energy (LEU) Company Overview

Centrus Energy Corp. (NYSE:LEU ) Q4 2024 Earnings Conference Call February 7, 2025 8:30 AM ET Company Participants Neal Nagarajan - Head, IR Amir Vexler - President and CEO Kevin Harrill - CFO Conference Call Participants Rob Brown - Lake Street Capital Joseph Reagor - ROTH Capital Partners Ryan Pfingst - B. Riley Securities Operator Greetings and welcome to Centrus Energy Fourth Quarter Fiscal Year 2025 (sic) [2024] Conference Call.

While the top- and bottom-line numbers for Centrus Energy (LEU) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Centrus Energy Corp. (LEU) came out with quarterly earnings of $3.20 per share, beating the Zacks Consensus Estimate of $1.06 per share. This compares to earnings of $3.58 per share a year ago.

2024 full year revenue of $442.0 million and gross profit of $111.5 million, compared to prior year revenue of $320.2 million and gross profit of $112.1 million 2024 full year net income of $73.2 million, compared to prior year net income of $84.4 million Strengthened balance sheet by closing $402.5 million of convertible senior notes resulting in unrestricted cash balance of $671.4 million as of December 31, 2024 Announced approximately $60.0 million investment in centrifuge manufacturing activities and capacity at Oak Ridge, Tennessee, in order to de-risk the supply chain and accelerate deployment Selected as one of the U.S. Department of Energy ("DOE") contract awardees for low-enriched uranium ("LEU") as well as high-assay low-enriched uranium ("HALEU") production and HALEU Deconversion BETHESDA, Md. , Feb. 6, 2025 /PRNewswire/ -- Centrus Energy Corp. (NYSE American: LEU) ("Centrus" or the "Company") today reported 2024 results.

Beyond analysts' top -and-bottom-line estimates for Centrus Energy (LEU), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2024.

LEU's Q4 results are likely to reflect improved performance in the Technical Solutions segment, offset by a weaker LEU segment due to lower prices.

2024 may become known as the year America fell back in love with nuclear power. Will 2025 be the year we get serious about it?

Nuclear power, once beloved, became hated after high-profile power plant accidents starting in 1979. But now, given better safety practices, increasing power needs for AI, automation etc., and pressing concerns for clean sustainable power, it's been roaring back into vogue. Centrus has been a big distributor of “enriched” uranium, which makes nuclear power possible.

LEU wins its third award from the U.S. Department of Energy this year for domestic uranium enrichment.