NYSE$LEU

Centrus Energy Corp · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Centrus reported a net income of $42.1 million on revenue of $91.3 million.

Centrus Energy Corp. reported a net income of $42.1 million for the quarter ended September 30, 2021, compared to a net loss of $7.0 million for the third quarter of 2020. Revenue for the quarter was $91.3 million, which included $43.5 million related to the settlement of the Company’s claims for reimbursement for certain pension and postretirement benefits costs incurred in connection with a past cost-reimbursable contract.

  • Net income of $42.1 million on $91.3 million in revenue
  • Gross Profit of $49.5 million in 3Q, including $43.5 million related to a claim settlement
  • Announced cash tender offer to retire remaining Series B Senior Preferred Stock
  • Consolidated cash balance of $171.0 million as of September 30, 2021

Headline financials

Total Revenue

$91.3M

Previous: $33.6M+171.7%
EPS (adj)

$2.95

Previous: -$0.83+455.4%
Capital Expenditures

-$700K

Previous: -$900K+22.2%
Free Cash Flow

$41.4M

Previous: -$7.9M+624.1%
Net Income

$42.1M

Previous: -$7M+701.4%
Operating Income

$38.2M

Previous: -$9.5M+502.1%
Gross Profit

$49.5M

Previous: -$800K+6287.5%
Cash & Equivalents

$171M

Previous: $153M+11.9%
Total Assets

$487M

Previous: $468M+4.1%

Revenue & EPS history

Centrus · Revenue · Quarterly

$91.3M

Q3 2021+171.7%vs Q3 2020
Beat estimate in 4 of 7 quarters(57%)
ActualEstimate

Revenue by segment

Centrus · $91.3M total across 3 segments · Q3 2021

  • Technical Solutions
    $59.3M+298.0%
  • Separative Work Units
    $19.1M+19000.0%
  • Uranium
    $12.9M-30.6%

Forward guidance

Looking forward, we are going to stay focused on pioneering the emerging market for HALEU, winning new sales, delivering strong margins, and strengthening our balance sheet.

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 Q3 2021

Historical avgQ3 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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