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Segment Information (Tables)
 12 Months Ended
Dec. 31, 2024
Segment Reporting Information, Revenue for Reportable Segment [Abstract]  
Revenue from External Customers by Geographic Areas
The following table presents SWU and uranium revenue disaggregated by geographical region, including foreign countries representing 10% or more of revenue, based on the billing addresses of customers (in millions):
Year Ended December 31,
202420232022
United States$161.3 $230.4 $96.1 
Foreign:
Belgium
— 0.1 38.3 
Japan
117.2 23.6 61.6 
Netherlands
42.4 — — 
Other
29.0 14.9 39.6 
Total foreign
188.6 38.6 139.5 
      Revenue - SWU and uranium$349.9 $269.0 $235.6 
Revenue by customer location, including customers in a foreign country representing 10% or more of total revenue, follows (in millions):
Year Ended December 31,
202420232022
United States$253.4 $281.6 $154.3 
Foreign:
Belgium
— 0.1 38.3 
Japan
117.2 23.6 61.6 
Netherlands
42.4 — — 
Other
29.0 14.9 39.6 
Total foreign
188.6 38.6 139.5 
      Total revenue$442.0 $320.2 $293.8 
Segment Reporting Information
The following table presents the Company’s segment information (in millions):
 Year Ended December 31,
202420232022
Revenue
LEU segment:
Separative work units$246.8 $208.2 $196.2 
Uranium103.1 60.8 39.4 
Intersegment revenue, eliminated on consolidation6.4 5.0 — 
Total356.3 274.0 235.6 
Technical Solutions segment92.1 51.2 58.2 
Total revenue448.4 325.2 293.8 
Elimination of intersegment revenue
(6.4)(5.0)— 
Total revenue
$442.0 $320.2 $293.8 
Cost of Sales
LEU segment:
Separative work units and uranium
$256.0 $163.9 $105.0 
Intersegment cost of sales, eliminated on consolidation2.1 3.0 — 
Total258.1 166.9 105.0 
Technical Solutions Segment:
Technical Solutions74.5 44.2 70.9 
Total74.5 44.2 70.9 
Elimination of intersegment cost of sales
(2.1)(3.0)— 
Total cost of sales
$330.5 $208.1 $175.9 
Segment Gross Profit
LEU segment:
LEU segment$93.9 $105.1 $130.6 
Intersegment gross profit, eliminated on consolidation4.3 2.0 — 
Total98.2 107.1 130.6 
Technical Solutions segment:
Technical Solutions
17.6 7.0 (12.7)
Total17.6 7.0 (12.7)
Elimination of intersegment gross profit
(4.3)(2.0)— 
Gross profit$111.5 $112.1 $117.9 
Reconciliation to Income before income taxes
Advanced technology costs$17.2 $14.2 $14.8 
Selling, general and administrative36.2 35.6 33.9 
Amortization of intangible assets9.8 6.3 9.0 
Special charges for workforce reductions0.3 3.6 0.5 
Nonoperating components of net periodic benefit income(14.7)(23.2)(6.6)
Interest expense2.7 1.3 0.5 
Investment income(12.9)(8.7)(2.0)
Other income, net(0.1)(1.5)— 
Income before income taxes$73.0 $84.5 $67.8 
The Company’s total assets are not presented for each reportable segment as they are not reviewed by, nor otherwise regularly provided to the chief operating decision maker (“CODM”), the CEO. The CODM uses revenue, cost of sales and gross profit to allocate resources (including personnel and financial or capital resources) for each segment, predominantly in the annual budget and quarterly financial review and forecasting process. The CODM considers budget-to-actual variances on a quarterly basis using revenue, cost of sale and gross profit when making decisions about allocating capital and personnel to the segments. Centrus’ long-term or long-lived assets, which include property, plant and equipment and other assets reported on the Consolidated Balance Sheet, were located in the United States as of December 31, 2024 and December 31, 2023.