Centrus Energy Reports Q4 Revenue Surge, Plans $60M Expansion

Centrus Energy Corp. reported a significant increase in revenue for the fiscal year ending December 31, 2024, reaching $442 million, up from $320 million the previous year, despite a decrease in net income to $73.2 million. The company is expanding its manufacturing capacity with a $60 million investment in Oak Ridge, Tennessee, amidst ongoing uncertainty regarding the importation of Russian low-enriched uranium due to geopolitical risks. In its recent quarterly earnings, Centrus surpassed estimates with earnings of $3.20 per share compared to the expected $1.06. The company has seen a stable stock performance, trading near its 52-week high of $118.36, and has outperformed the S&P 500 this year. Analysts have mixed views on the stock, with some downgrading it to neutral while others maintain a buy rating. Overall, Centrus Energy's financial outlook remains strong, bolstered by robust revenue growth and strategic investments.