Category: News Releases
11.05.2019
Centrus Finalizes Three Year Contract to Demonstrate HALEU Production
Centrus signed a three-year contract with the U.S. Department of Energy to deploy a cascade of centrifuges to demonstrate production of high-assay, low-enriched uranium (HALEU) fuel for advanced reactors
10.09.2019
Centrus Completes D&D Project for U.S. DOE on Time, on Budget
“I’m pleased our team was able to deliver the results the Department expected on a very short timetable,” said Centrus President and CEO Daniel B. Poneman. “This success demonstrates our broad technical capabilities and reflects our strategy of diversifying the business by offering advanced engineering, manufacturing, and D&D services.”
10.01.2019
Centrus Repays $27.5 Million in Outstanding Notes
Debt reduced by 70 percent since 2015 BETHESDA, Md. – Centrus Energy Corp. (NYSE American: LEU) announced that it has fully repaid the $27.5 million in outstanding 8.0% PIK toggle notes that matured on September 30, 2019. This is the latest in a series of steps the company has taken to reduce its long-term debt. […]
09.30.2019
Centrus Appoints Philip O. Strawbridge as Senior Vice President, Chief Financial Officer, Chief Administrative Officer, and Treasurer
BETHESDA, Md. – Centrus Energy Corp. (NYSE American: LEU) announced today that Philip O. Strawbridge has been appointed Senior Vice President, Chief Financial Officer, Chief Administrative Officer, and Treasurer of the company effective today. “With extensive C-suite experience in a variety of roles in the nuclear industry, Philip will be an enormous asset as we continue […]
08.09.2019
Centrus Reports Second Quarter 2019 Results
“This quarter we took another step toward restoring a U.S. enrichment capability with the signing of an agreement with the U.S. Department of Energy for the high-assay low-enriched uranium demonstration cascade,” said Daniel Poneman, Centrus president and chief executive officer. “The cascade is an integral component of our larger efforts to develop a fuel cycle to support the next generation of reactors under development around the world."
08.05.2019
Centrus to Webcast Conference Call on August 12 at 8:30 a.m. ET
The conference call will be open to listeners who log in through the Company’s website, www.centrusenergy.com. A link to the call will be located in the Investor Relations section of the website, and a webcast replay will be available through August 26, 2019.
05.08.2019
Centrus Reports First Quarter 2019 Results
“Our first quarter results show progress on our path to align our cost-structure with our current business and grow our order book, keeping us on track to return to profitability in 2020,” said Daniel Poneman, Centrus president and chief executive officer. “We expect to continue to see improved results during the year as we fulfill future sales with lower-cost supplies and our reduced operating expenses.”
05.02.2019
Centrus to Webcast Conference Call on May 9 at 8:30 a.m. ET
The conference call will be open to listeners who log in through the Company’s website, www.centrusenergy.com. A link to the call will be located in the Investor Relations section of the website, and a webcast replay will be available through May 23, 2019.
04.04.2019
Centrus Energy Corp. Approves Extension of Section 382 Rights Agreement
Centrus’ Board of Directors has approved a second amendment to the Company’s Section 382 Rights Agreement designed to preserve Centrus’ substantial tax assets associated with net operating loss carryforwards (NOLs) under Section 382 of the Internal Revenue Code
03.28.2019
Centrus Energy Corp. Reports Financial Results for the Fourth Quarter and Full Year 2018
“Declining prices in the enrichment market were the biggest driver in our losses for the year, but the market has finally begun to turn around and we made a number of important strides that will improve the fundamentals of our business moving forward,” said Daniel B. Poneman, Centrus president and chief executive officer.