CCJ - Cameco Highlights 2023 Growth: 'Benefits Of Nuclear Power Are Clearly In Focus' CEO Says | Benzinga
Canadian uranium producer Cameco (NYSE:CCJ) showcased robust performance in 2023.
According to the company’s fourth quarter (Q4) and fiscal year earnings:
- Revenue: CA$2.59 billion (vs. CA$1.87 billion in 2022)
- Gross profit: CA$562 million (vs. CA$233 million in 2022)
- Net earnings: CA$361 million (vs. CA$89 million in 2022)
"The benefits of nuclear power have come clearly into focus, with 28 countries around the world declaring support for the tripling of capacity to help achieve global net-zero greenhouse gas emissions by 2050," Cameco's President and CEO, Tim Gitzel said.
Gitzel highlighted increased sales volumes and realized prices in uranium and fuel services segments. This led to more than doubled net earnings, adjusted net earnings, and cash from operations compared to 2022.
Uncertainties include production issues by the largest global ...