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Segment Information (Tables)

6 Months Ended

Jun. 30, 2025

Segment Reporting Information, Revenue for Reportable Segment [Abstract]

Segment Reporting Information

The following table presents the Company’s segment information (in millions):

			Three Months Ended   June 30, 2025												Six Months Ended   June 30, 2025
			2025						2024						2025						2024
Revenue
LEU segment:
Separative work units			$	125.7					$	139.7					$	177.0					$	163.3
Uranium			—						29.9						—						29.9
Intersegment revenue, eliminated on consolidation			6.1						—						6.1						—
Total			131.8						169.6						183.1						193.2
Technical Solutions segment			28.8						19.4						50.6						39.5
Total			160.6						189.0						$	233.7					$	232.7
Elimination of intersegment revenue			(6.1)						—						(6.1)						—
Total revenue			$	154.5					$	189.0					$	227.6					$	232.7
Cost of Sales
LEU segment:
Separative work units and uranium			$	75.0					$	136.6					$	95.1					$	159.7
Intersegment cost of sales, eliminated on consolidation			4.3						—						4.3						—
Total			79.3						136.6						99.4						159.7
Technical Solutions segment			25.6						15.9						45.7						32.2
Total			104.9						152.5						145.1						191.9
Elimination of intersegment cost of sales			(4.3)						—						(4.3)						—
Total cost of sales			$	100.6					$	152.5					$	140.8					$	191.9
Segment Gross Profit
LEU segment:
LEU segment			$	50.7					$	33.0					$	81.9					$	33.5
Intersegment gross profit, eliminated on consolidation			1.8						—						1.8						—
Total			52.5						33.0						83.7						33.5
Technical Solutions segment:
Technical Solutions			3.2						3.5						4.9						7.3
Total			3.2						3.5						4.9						7.3
Elimination of intersegment gross profit			(1.8)						—						(1.8)						—
Gross profit			$	53.9					$	36.5					$	86.8					$	40.8
Reconciliation to Income before income taxes
Advanced technology costs			$	3.3					$	4.1					$	6.3					$	9.8
Selling, general and administrative			9.2						7.1						17.0						15.0
Stock compensation			4.2						0.5						4.7						0.7
Amortization of intangible assets			3.7						3.7						4.8						4.8
Nonoperating components of net periodic benefit loss			1.0						(16.3)						1.9						(16.2)
Interest expense			3.1						0.3						6.5						0.7
Investment income			(8.0)						(2.4)						(15.3)						(5.2)
Extinguishment of long-term debt			—						—						(11.8)						—
Other expense, net			—						—						0.1						0.1
Income before income taxes			$	37.4					$	39.5					$	72.6					$	31.1

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 June 30, 2025 and December 31, 2024.

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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- References

No definition available.

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