Last $1.72 USD
Change Today -0.27 / -13.57%
Volume 624.9K
USU On Other Exchanges
Symbol
Exchange
New York
Stuttgart
As of 2:26 PM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

usec inc (USU) Snapshot

Open
$1.80
Previous Close
$1.99
Day High
$1.95
Day Low
$1.71
52 Week High
09/19/13 - $12.40
52 Week Low
09/19/14 - $1.71
Market Cap
8.5M
Average Volume 10 Days
1.4M
EPS TTM
$-30.83
Shares Outstanding
4.9M
EX-Date
02/8/06
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for USEC INC (USU)

usec inc (USU) Related Businessweek News

No Related Businessweek News Found

usec inc (USU) Details

USEC Inc. supplies low enriched uranium (LEU) for commercial nuclear power plants in the United States, Japan, and internationally. The company operates in two segments, LEU and Contract Services. Its LEU is a component in the production of nuclear fuel for reactors to produce electricity. The company sells separative work units (SWU) component of LEU; SWU and uranium components of LEU; and uranium for utilities that operate nuclear power plants. It also provides contract work services for the U.S. Department of Energy and its contractors. The company was founded in 1993 and is headquartered in Bethesda, Maryland. On March 5, 2014, USEC Inc. filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the District of Delaware.

890 Employees
Last Reported Date: 08/13/14
Founded in 1993

usec inc (USU) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $927.0K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $449.9K
Chief Operating Officer and Senior Vice Presi...
Total Annual Compensation: $484.0K
Chief Development Officer and Senior Vice Pre...
Total Annual Compensation: $484.1K
Chief Compliance Officer, Senior Vice Preside...
Total Annual Compensation: $454.7K
Compensation as of Fiscal Year 2013.

usec inc (USU) Key Developments

USEC Inc. Enters into Amendment No. 007 to the Agreement with UT-Battelle, LLC

On August 18, 2014, USEC Inc. entered into amendment No. 007 to the agreement dated May 1, 2014 with UT-Battelle, LLC, as operator of Oak Ridge National Laboratory (ORNL), for continued research, development and demonstration of the American Centrifuge technology in furtherance of the U.S. Department of Energy's (DOE) national security objectives. Amendment No. 007 amends the ACTDO agreement to provide for additional funds of approximately $6.7 million, bringing total funding to approximately $33.7 million. The other terms and conditions of the ACTDO agreement were not changed by the amendment. The ACTDO agreement provides for continued cascade operations, the continuation of core American Centrifuge research and technology activities, and the furnishing of related reports to ORNL. The agreement is a firm fixed-price contract with a total price of approximately $75.3 million for the period from May 1, 2014 to March 31, 2015. The agreement provides for payments of approximately $6.7 million per month through September 30, 2014 and approximately $6.9 million thereafter. The ACTDO agreement is incrementally funded. Funds currently allocated to the ACTDO agreement are expected to cover the work to be performed through September 30, 2014. The agreement also provides ORNL with one additional option to extend the agreement by six months to September 30, 2015. The option is priced at approximately $41.7 million. ORNL may exercise its option by providing notice 60 days prior to the end of the term of the agreement. The total price of the contract including options is approximately $117 million.

USEC Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

USEC Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net loss of $28.0 million or $5.71 basic and diluted per share compared to a net loss of $40.9 million or $8.35 basic and diluted per share for the second quarter of 2013. Revenue was $121.2 million, a decrease of $163.6 million or 57% compared to the same quarter of 2013 revenue of $284.8 million. Operating loss was $18.7 million against $68.0 million a year ago. Loss from continuing operations before income taxes was $28.1 million against $77.2 million a year ago. Revenue deteriorated by 57%, largely a result deep cuts in the low enriched uranium segment compared to the same period in 2013 following the cessation of enrichment at the Paducah Gaseous Diffusion Plant in second quarter of 2013. Net loss from continuing operations was $28.0 million or $5.71 basic and diluted per share against $40.9 million or $8.35 basic and diluted per share a year ago. For the six months, the company reported net loss of $78.8 million or $16.08 basic and diluted per share compared to $42.9 million or $13.18 basic and diluted per share in the same period of 2013. Revenue was $269.8 million against $605.2 million a year ago, a decrease of $335.4 million or 55%. Net cash used in operating activities was $193.4 million against $48.8 million a year ago. Operating loss was $57.9 million against $81.7 million a year ago. Loss from continuing operations before income taxes was $79.9 million against $103.9 million a year ago. Total revenue was $269.8 million against $605.2 million a year ago. Net loss from continuing operations was $78.8 million or $16.08 basic and diluted per share against $64.6 million or $13.18 basic and diluted per share a year ago.

USEC Inc. Announces Management Changes

USEC Inc. named Steven R. Penrod, 57, vice president of the American Centrifuge program succeeding Paul E. Sullivan, 62, who leaves the post to become director of the Applied Research Laboratory at the Pennsylvania State University, effective September 1, 2014. Penrod currently serves as USEC vice president of enrichment operations and has been responsible for USEC's facilities in Paducah, Ky. and Piketon, Ohio, which includes for the past three years the centrifuge demonstration cascade operation in Piketon. During this period Penrod and Sullivan have worked together to successfully demonstrate the American Centrifuge uranium enrichment technology.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
USU:US $1.74 USD -0.25

USU Competitors

Market data is delayed at least 15 minutes.

Company Last Change
No competitor information is available for USU.
View Industry Companies
 

Industry Analysis

USU

Industry Average

Valuation USU Industry Range
No financial data is available for USU.
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact USEC INC, please visit www.usec.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.