NYSE$LEU

Centrus Energy Corp · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Centrus reported a net income of $5.1 million and revenue of $55.6 million for Q1 2021.

Centrus Energy Corp. reported a net income of $5.1 million for the quarter ended March 31, 2021, with total revenue of $55.6 million. The increase in revenue was primarily driven by increased volume in the LEU segment and increased work performed under the HALEU and X-energy contracts. The company's consolidated cash balance stood at $163.3 million as of March 31, 2021.

  • Net income was $5.1 million on revenue of $55.6 million.
  • LEU segment revenue increased due to increased volume, while average SWU prices decreased.
  • Technical solutions segment revenue increased due to work on HALEU and X-energy contracts.
  • Consolidated cash balance was $163.3 million as of March 31, 2021.

Headline financials

Total Revenue

$55.6M

Previous: $45M+23.6%
EPS (adj)

$0.33

Previous: $0.95-65.3%
Capital Expenditures

-$400K

No prior period
Free Cash Flow

$4.7M

Previous: $11.3M-58.4%
Net Income

$5.1M

Previous: $11.3M-54.9%
Operating Income

$900K

Previous: $8.9M-89.9%
Gross Profit

$11.7M

Previous: $19.6M-40.3%
Cash & Equivalents

$163M

Previous: $109M+49.5%
Total Assets

$484M

Previous: $431M+12.3%

Revenue & EPS history

Centrus · Revenue · Quarterly

$55.6M

Q1 2021+23.6%vs Q1 2020
Beat estimate in 3 of 5 quarters(60%)
ActualEstimate

Revenue by segment

Centrus · $126M total across 3 segments · Q4 2022

  • Separative Work Units
    $90.2M+48.1%
  • Uranium
    $22M+122.2%
  • Technical Solutions
    $14M-23.1%

Forward guidance

Centrus continues to make progress, building on our return to profitability in 2020. With new sales commitments and the continued progress on the HALEU program, we’re in a good position moving forward.

Tailwinds

  • New sales commitments
  • Continued progress on the HALEU program
  • Focus on customers’ needs
  • Hard work to reduce debt
  • Lower cost structure

Headwinds

  • Risks related to natural and other disasters
  • Risks related to financial difficulties experienced by customers
  • Risks related to pandemics and other health crises, such as the global COVID-19 pandemic
  • The impact and potential extended duration of the current supply/demand imbalance in the market for low-enriched uranium
  • Risks related to our ability to sell the LEU we procure pursuant to our purchase obligations under our supply agreements

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+0.4%

Avg return

Earnings day

+2.8%

Avg return

5 days after

+4.0%

Avg return

30 days after

48%

32 / 67 earnings

Positive

+33.1%

Q4 2024

Best reaction

-32.9%

Q3 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-10.7%-12.9%-30.2%
Q4 2025-20.7%-24.8%-20.9%
Q3 2025-15.1%-15.4%-18.3%
Q1 2025+22.4%+27.7%+97.4%
Q4 2024+33.1%+45.1%-2.4%
Q3 2024+22.0%+27.4%-4.1%
Q2 2024+16.0%+9.3%+2.1%
Q1 2024-7.7%-3.8%+2.9%
Q4 2023-4.1%-4.7%-15.9%
Q3 2023-9.9%-6.1%-7.7%
Q2 2023+20.9%+23.4%+40.5%
Q1 2023+5.3%+6.8%+9.7%
Q4 2022+13.2%+14.9%-26.0%
Q3 2022-32.9%-14.3%-24.4%
Q2 2022+12.0%+16.1%+36.7%
Q1 2022-12.1%-32.1%-13.6%
Q4 2021-20.2%-36.3%-38.3%
Q3 2021+8.1%+1.0%-21.7%
Q2 2021-1.9%-7.2%+33.1%
Q1 2021-6.8%-15.5%+3.5%
Q4 2020+8.7%+4.5%-14.3%
Q3 2020+2.0%+2.1%+80.9%
Q2 2020+11.6%+5.4%-36.1%
Q1 2020+3.6%+23.6%+63.4%
Q4 2019+16.2%+14.7%+31.5%
Q3 2019+16.7%+12.0%-8.6%
Q2 2019+12.8%+0.7%+8.2%
Q1 2019+6.8%+4.3%-3.7%
Q4 2018+2.2%+16.5%+17.6%
Q3 2018-0.4%+4.9%-14.3%
Q2 2018+1.7%-2.4%-21.9%
Q1 2018+10.6%+8.3%+3.4%
Q4 2017-2.1%+5.4%-8.0%
Q3 2017-4.2%-10.6%-6.8%
Q2 2017-1.9%-0.7%-5.3%
Q1 2017+3.7%-0.2%+20.1%
Q4 2016+2.6%+4.5%-7.3%
Q3 2016-2.5%+3.8%+53.0%
Q2 2016+8.7%+12.5%+2.4%
Q1 2016-8.0%
Q4 2015+28.6%
Q3 2015-9.6%
Q2 2015-4.8%
Q1 2015-2.5%
Q4 2014-1.7%
Q3 2014+1.8%
Q2 2014+31.4%
Q4 2013-2.0%
Q4 2012-2.0%
Q3 2013-27.6%
Q2 2013+0.8%
Q1 2013-15.9%
Q3 2012+0.0%
Q2 2012-13.5%
Q1 2012+6.6%
Q4 2011+0.8%
Q4 2008+0.8%
Q3 2011-8.7%
Q2 2011-32.7%
Q1 2010+0.9%
Q1 2011-1.8%
Q4 2010+1.0%
Q3 2009-7.2%
Q3 2010-7.2%
Q4 2009-3.1%
Q2 2010-3.1%
Q2 2009-3.1%

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