Centrus Energy Corp. (NYSE MKT:LEU) Q1 2020 Earnings Conference Call - Final Transcript

May 12, 2020 • 08:30 am ET


Centrus Energy Corp. (NYSE MKT:LEU) Q1 2020 Earnings Conference Call - Final Transcript


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Greetings, and welcome to the Centrus Energy First Quarter 2020 Earnings Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. [Operator Instructions]. As a reminder, this conference is being recorded.

It is now my pleasure to introduce your host, Dan Leistikow, VP, Corporate Communications. Please go ahead.

Dan Leistikow

Good morning. Thank you for joining us. Today's call will cover the results for the first quarter of 2020 ended March 31. Here today for the call are Dan Poneman, President and Chief Executive Officer; Philip Strawbridge, Senior Vice President, Chief Financial Officer, Chief Administrative Officer and Treasurer; and John Dorrian, Controller and Chief Accounting Officer. Before turning the call over to Dan Poneman, I'd like to welcome all of our callers as well as those listening to our webcast.

This conference call follows our earnings news release issued yesterday. We expect to file our quarterly report on Form 10-Q later today. All of our news releases and SEC filings, including our 10-K, 10-Qs and 8-Ks, are available on our website. A replay of this call will also be available later this morning on the Centrus website. I would like to remind everyone that certain of the information that we may discuss on this call today may be considered forward-looking information that involves risks and uncertainty, including assumptions about the future performance of Centrus.

Our actual results may differ materially from those in our forward-looking statements. Additional information concerning factors that could cause actual results to materially differ from those in our forward-looking statements is contained in our filings with the SEC, including our Annual Report on Form 10-K and quarterly report on Form 10-Q. Finally, the forward-looking information provided today is time-sensitive and is accurate only as of today, May 12, 2020, unless otherwise noted.

This call is the property of Centrus Energy. Any transcription, redistribution, retransmission or rebroadcast of this call in any form without the expressed written consent of Centrus is strictly prohibited. Thank you for your participation. And I'll now turn the call over to Dan Poneman.

Dan Poneman

Thank you, Dan, and thank you to everyone on the call today. I hope that all of you and your family and friends are staying safe and healthy during this very perilous time for our people in our own country and in the world over. We've instructed our employees company-wide telework to the maximum extent possible. We're taking a series of other steps to protect those employees who are not able to telework, which includes a portion of our workforce at our secured facilities in Tennessee and Ohio.

We will follow local guidance as states begin to lift restrictions and plan to take a mindful approach to bringing employees back in. Through it all, the health and safety of our employees is our paramount concern. As we discussed on our last call, even as the COVID-19 pandemic has placed an enormous strain on the economy, Centrus is fortunate that the vast majority