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FOR IMMEDIATE RELEASE : November 10 , 2021 Centrus Reports Third Quarter 2021 Results • Net income of $ 42.1 million on $ 91.3 million in revenue • Gross Profit of $ 49.5 million in 3Q , including $ 43.5 million related to a claim settlement • Announced cash tender offer to retire remaining Series B Senior Preferred Stock • Consolidated cash balance of $ 171.0 million as of September 30 , 2021 EXHIBIT 99.1 BETHESDA , Md . – Centrus Energy Corp. ( NYSE American : LEU ) today reported net income of $ 42.1 million for the quarter ended September 30 , 2021 , compared to net loss of $ 7.0 million for the third quarter of 2020. The net income allocable to common stockholders in the third quarter of 2021 was $ 41.4 million , or $ 3.01 ( basic ) and $ 2.95 ( diluted ) per common share . " Looking forward , we are going to stay focused on pioneering the emerging market for HALEU , winning new sales , delivering strong margins , and strengthening our balance sheet , ” said Daniel B. Poneman , Centrus President and Chief Executive Officer . " We are pleased with continued progress on the High - Assay , Low - Enriched Uranium demonstration program and positive momentum in our LEU segment . " Financial Results Centrus generated total revenue of $ 91.3 million for the third quarter of 2021 , an increase of $ 57.7 million from the prior year period . Revenue in the current quarter included $ 43.5 million related to the settlement of the Company's claims for reimbursement for certain pension and postretirement benefits costs incurred in connection with a past cost - reimbursable contract performed at the Portsmouth GDP . Revenue from the LEU segment increased $ 13.3 million in the three months and $ 2.5 million in the nine months ended September 30 , 2021 , compared to the corresponding periods in 2020. SWU revenue in the second quarter of 2020 included $ 32.4 million related to a customer's bankruptcy proceeding . Excluding this settlement , revenue from the sales of SWU increased $ 45.4 million in the nine months ended September 30 , 2021. The volume of SWU sold increased 126 % for the nine - month period compared to the same period in 2020 , and the average SWU price decreased 20 % . These changes are largely due to variability in timing of utility customer orders and the particular contracts under which SWU were sold during the periods . Revenue from uranium sales decreased $ 5.7 million in the three months and $ 10.5 million in nine months ended September 30 , 2021 , compared to the corresponding periods in 2020. For the nine - month period , the volume of uranium sold declined 48 % and the average price increased 6 % .