Key Developments: USEC Inc (USU)
0.30USD
19 Jun 2013
$-0.01 (-2.27%)
$0.31
$0.30
$0.31
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171,149
635,010
$1.11
$0.29
Latest Key Developments (Source: Significant Developments)
USEC Inc to Sell NAC International to Hitachi Zosen Corp's Hitz Holdings U.S.A. Inc
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 Reiterates FY 2012 Revenue Guidance
USEC Inc reiterated fiscal 2012 guidance provided in the second quarter, and anticipates total revenue of approximately $1.95 billion. Full Article
USEC, Inc. Raises FY 2012 Revenue Guidance
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. Issues FY 2012 Revenue Guidance
USEC, Inc. announced that for fiscal 2012, it expects total revenue is expected to be approximately $1.9 billion. According to I/B/E/S Estimates, analysts are expecting the Company to report revenues of $1.5 billion for fiscal 2012. Full Article
USEC, Inc. Reaffirms FY 2011 Revenue Guidance; Comments On Quarterly 2011 Earnings Guidance
USEC, Inc. reaffirmed its fiscal 2011 revenue guidance to be at $1.7 billion. The Company also announced that taking into account spending on the project to date and its anticipated gross profit margin, the Company expects to report a net loss each quarter in fiscal 2011. According to I/B/E/S Estimates, analysts are expecting the Company to report revenues of $1.7 billion for fiscal 2011, net loss of $5.67 million for the third quarter of 2011; net loss of $1.47 million for the fourth quarter of 2011. Full Article
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