Centrus Energy Q1 Earnings Call Highlights

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Centrus Energy (NYSE:LEU) reported higher first-quarter gross and raised its full-year gross outlook, citing commercialized progress, improving offtake discussions and continued enactment connected its uranium enrichment enlargement program.

On the company’s Q1 2026 net call, President and Chief Executive Officer Amir Vexler said the 4th marked the opening of what helium called a “historic undertaking” to instrumentality the United States to home commercialized uranium enrichment. He said Centrus remains focused connected serving commercialized low-enriched uranium, oregon LEU, high-assay low-enriched uranium, oregon HALEU, and nationalist information markets.

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Vexler said the company’s archetypal build-out is intended to code much than $2.4 cardinal of commercialized LEU enrichment backlog and 12 metric tons of HALEU capacity. He added that further additions would beryllium tied to steadfast lawsuit orders and superior resources.

First-Quarter Results

Centrus reported first-quarter gross of $76.7 million, up $3.6 million, oregon 5%, from the year-earlier period. Gross nett was $31.5 million, operating income was $0.8 million, nett income was $10 cardinal and diluted net per stock were $0.45. Adjusted nett income was $23.5 million, oregon $1.05 per diluted share.

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Senior Vice President, Chief Financial Officer and Treasurer Todd Tinelli said trailing 12-month gross was $452.3 million. He said the institution is emphasizing quarterly and trailing 12-month metrics due to the fact that deliveries and contractual premix tin alteration importantly from 4th to quarter.

The LEU conception generated $44.6 cardinal successful first-quarter revenue, down 13% from the year-earlier period. Tinelli said SWU gross declined by $9.7 cardinal owed to a 47% alteration successful SWU measurement sold, partially offset by a 52% summation successful the mean terms of SWU sold. The institution besides recorded $3 cardinal of uranium income successful the quarter.