The Bethesda-based nuclear fuel supplier continues to navigate a complex market, balancing a $4.5 billion total backlog against rising operational costs associated with scaling its manufacturing. While revenue from the Low-Enriched Uranium segment grew by 22% to $153.4 million, the company saw a dip in Technical Solutions revenue, primarily due to shifts in its HALEU production contract with the federal government.

President and CEO Amir Vexler emphasized that the company is in full-execution mode, focusing on risk-reduction strategies for its centrifuge manufacturing programs. Centrus has selected Geiger Brothers to manage the expansion of its enrichment plant and is actively increasing its hiring guidance for facilities in Piketon, Ohio, and Oak Ridge, Tennessee. With the first new centrifuge expected to be completed in Oak Ridge by the end of 2026, Centrus is positioning itself to capture demand in a market characterized by constrained supply and upward pressure on prices.