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[Centrus Energy] 2025 2Q Earning Forecast (written on July 2nd, 2025)

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I forecasted Centrus Energy's 2Q 2025 earnings as follows: 2Q Revenue :  $ 161.2~242 .8 million (HALEU: $38.9M / LEU $122.3M~$203.9M) 2Q EPS: $3.22 The Earnings Release compared to the Market Consensus is as follows: The 2Q earnings are beyond the market consensus but below my predictions. My detailed analysis on the  2Q earnings  would follow this post. Before then, I would like to share my detailed analysis on the 2Q earnings forecast as below: Why Centrus Energy's inventories owed to customers and suppliers are increased so big in 2025 1Q compared to 2024 4Q? The sharp increase in Centrus Energy's "inventories owed to customers and suppliers" liability from 2024 Q4 to 2025 Q1 is primarily due to the timing and value of nuclear fuel shipments in transit. According to Centrus management during the Q1 2025 earnings call, a significant driver was the shipment and transport of inventory and end product (including both SWU and UF6) from Saint Petersburg, Russia, to...
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[Centrus Energy] Analysis of 1Q25 Earnings release

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  The company has reported impressive 1Q25 earnings -- net income of  $27.2 million  on  $73.1 million  in revenue, compared to a net loss of  $6.1 million  on  $43.7 million  in revenue in Q1 2024.   The company has constantly shown healthy YoY growth in both revenue and profit.  Upon my review of the earnings release, I noted that t he sharp increase in Centrus Energy's "inventories owed to customers and suppliers" liability from 2024 Q4 to 2025 Q1.  In my conclusion, however, this liability would not have any negative impacts on its business, but stems from the nature of its business.   Inventories owed to customers and suppliers , as reported by Centrus Energy in its 2025 Q1 earnings release, is a specific liability account on the company's balance sheet. This line item represents inventory that the company is contractually obligated to deliver to customers or return to suppliers, but which, as of the reporti...
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[Centrus Energy] Fourth Quarter and Full Year 2024 Results

Centrus Reports Fourth Quarter and Full Year 2024 Results | Centrus Energy Corp. (I had deleted the post by mistake, and reposted it.) On Feb 6, 2025, Centrus reported fourth quarter and full year 2024 results.  As I had anticipated in my previous post on Jan 1, Centrus reported record revenue of $151.6M for Q4 and $442M for full year 2024.   Net incomes of $53.7M for Q4 and $73.2M for full year 2024 were lower than expected, mainly due to the release of costs related to previously deferred sales which had incurred $64M increase in the cost of sales.   For more details, please refer to the company's earnings release as hyperlinked above.  I will get back with new post about the forecast of Centrus's earnings for Q1 2025. CENTRUS ENERGY CORP. CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (Unaudited; in millions, except share and per share data)     Three Months Ended  December 31,   Year Ended  December 31, ...
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