BETHESDA, Md. – Centrus Energy (NYSE American: LEU) announced today that its subsidiary, American Centrifuge Operating, LLC (“ACO”), has won an award from the U.S. Department of Energy aimed at expanding domestic commercial production of Low-Enriched Uranium (“LEU”) to meet the needs of existing and future nuclear reactors. This is the third selection for Centrus under a series of three solicitations from the Department as part of a program to restore America’s domestic nuclear fuel supply for LEU and High-Assay, Low-Enriched Uranium (“HALEU”).
Centrus announced today that Stephen S. Greene has been appointed senior vice president, chief financial officer and treasurer, effective July 24, 2015. Mr. Greene has served as vice president, finance and treasurer since 2007.
Revenue of $167.8 million and gross profit of $6.9 million are higher than comparative period in 2014; Cash balance of $225 million at March 31, 2015; Anticipated year-end 2015 cash balance is reiterated and expected to be in the range of $175 million to $200 million
Centrus will webcast its annual meeting of shareholders to be held on Thursday, May 7, 2015, at 10:00 a.m. EDT. The live audio webcast of the annual meeting can be accessed by investors and other interested parties through the Company’s website.
$297.8 million net income primarily driven by net reorganization items; Cash balance of $218.8 million at December 31, 2014; Year-end 2015 cash balance expected to be in the range of $175 to $200 million
Centrus believes that the NYSE MKT trading platform is a better fit for its anticipated market capitalization and daily trading volume while allowing the Company to maintain its long-term relationship with the NYSE.
Former deputy secretary of energy has decades of leadership in nuclear power; Poneman joins Centrus at pivotal moment to lead effort to move the Company forward; Sees key role for the American Centrifuge technology in providing a domestic source of uranium enrichment for national security and energy security