Centrus Energy (LEU) Reports Q1 Loss of $2.40 on Revenues of $38.7M

Centrus Energy (NYSE: LEU) reported Q1 EPS of ($2.40), versus ($2.97) reported last year. Revenue for the quarter came in at $38.7 million, versus $35.7 million reported last year.

"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."

2019 Outlook

Centrus anticipates 2019 SWU and uranium revenue to be in the range of $85 million to $120 million and total revenue to be in a range of $125 million to $160 million. Consistent with prior years, revenue continues to be most heavily weighted to the second half of the year. The Company expects to end 2019 with a cash and cash equivalents balance in a range of $120 million to $140 million.

For earnings history and earnings-related data on Centrus Energy (LEU) click here.

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