Revenue from the contract services segment was $11.0 million in the third quarter and $48.6 million in the nine-month period of 2012 compared to $55.3 million and $169.6 million in the respective periods of 2011. The decrease was due to a reduction in contract services revenue at the former Portsmouth Gaseous Diffusion Plant site as work was transferred to DOE’s decontamination and decommissioning contractor over the course of 2011. Revenue in the segment is now dominated by our subsidiary NAC International. Revenue by NAC decreased $7.7 million in the three-month period and increased $0.6 million in the nine-month period primarily as a result of timing in sales related to NAC’s dry cask storage systems.In a number of sales transactions, USEC transfers title and collects cash from customers but does not recognize the revenue until the LEU is physically delivered. At September 30, 2012, deferred revenue totaled $105.0 million compared to $139.4 million at June 30, 2012. The gross profit associated with deferred revenue as of September 30, 2012, was $12.4 million.
USEC Reports Third Quarter 2012 Results
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