Key Developments: USEC Inc (USU.N)
6 Dec 2013
Latest Key Developments (Source: Significant Developments)
USEC Inc announced that for fiscal 2013, it expects total revenue of approximately $1.25 billion. According to I/B/E/S Estimates, analysts are expecting the Company to report revenues of $1.23 billion for fiscal 2013. Full Article
USEC Inc announced that it has entered into a stock purchase agreement to sell NAC International Inc. to Hitz Holdings U.S.A. Inc., a subsidiary of Hitachi Zosen Corporation, for $45 million in cash following a competitive sale process. USEC acquired NAC in 2004 as NAC was adding to its diverse suite of spent fuel management technologies with the development and licensing of its ground-breaking MAGNASTOR technology. In addition to specializing in technologies for the safe interim storage of spent nuclear fuel, NAC also provides transportation services for radioactive material and nuclear industry and government consulting services. Hitachi Zosen has a long-standing business relationship with NAC as a fabricator of NAC`s dry cask storage and transportation systems and is a supplier of such systems in Japan. Full Article
USEC Inc reiterated fiscal 2012 guidance provided in the second quarter, and anticipates total revenue of approximately $1.95 billion. Full Article
USEC, Inc. updated financial guidance for fiscal 2012 reflects expectation for better results for the remainder of 2012 and now expects total revenue of nearly $2 billion and a gross profit of approximately $140 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenues of $1.9 billion for fiscal 2012. Full Article
- USEC Inc may have to furlough some employees at a uranium enrichment project if the U.S. government shutdown extends beyond October 15, a company spokesman said.