Centrus Buys Key Supplier Westerman to Bring Manufacturing In-House
LEU is trading near its 52-week low of $112.61 (4.7% above the low).
Summary
Centrus is acquiring Westerman Holdings, a supplier it already relies on, for about $116 million and folding that capacity into its own manufacturing footprint, a deal expected to be accretive to EPS in the first year. Vertical integration of a critical supplier reduces dependence on outside vendors as Centrus scales its HALEU and enrichment buildout. The move follows a heavy stretch of commercial momentum — the X-energy and Antares HALEU supply contracts and a $500 million capital raise in September — and shows management putting that capital to work on the supply chain. Shares sit near the 52-week low of $112.61 versus a $464.25 high, so the stock has been under pressure despite the record $4.5 billion backlog reported with Q2 results.
At the time of this announcement, LEU was trading at $117.93 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $2.4B. The 52-week trading range was $112.61 to $464.25. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.