CHICAGO, April 24, 2025 (GLOBE NEWSWIRE) -- Century Aluminum Company (NASDAQ: CENX) will report first quarter 2025 earnings on Wednesday, May 7, 2025, after market close. The news release will be issued through GlobeNewswire. The company will hold a follow-up conference call on Wednesday, May 7, 2025, at 5:00 p.m. Eastern time. The earnings call will be webcast live on the Century Aluminum Company website, located at www.centuryaluminum.com. Plan to begin the registration process at least 10 minutes before ...

Core Viewpoint - Century Aluminum (CENX) has received an upgrade to a Zacks Rank 2 (Buy) due to an upward trend in earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Movement - The Zacks rating system is based on the consensus measure of EPS estimates from sell-side analysts, reflecting the changing earnings picture of a company [1][2]. - Changes in future earnings potential, as indicated by earnings estimate revisions, are strongly correlated with near-term stock price movements [4][6]. - Rising earnings estimates for Century indicate an improvement in the company's underlying business, which is expected to positively impact its stock price [5][10]. Earnings Estimate Revisions for Century - For the fiscal year ending December 2025, Century is projected to earn $3.80 per share, representing a 15.5% increase from the previous year [8]. - Over the past three months, the Zacks Consensus Estimate for Century has increased by 37.7%, indicating a positive trend in earnings expectations [8]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 (Strong Buy) stocks historically generating an average annual return of +25% since 1988 [7]. - The upgrade of Century to a Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, suggesting a strong potential for market-beating returns in the near term [9][10].

Core Viewpoint - The article emphasizes the importance of value investing and highlights Century Aluminum (CENX) as a strong value stock based on its metrics and rankings [2][3][6] Company Metrics - Century Aluminum (CENX) has a Zacks Rank of 2 (Buy) and a Value grade of A, indicating it is among the strongest value stocks currently available [3] - CENX's Price-to-Book (P/B) ratio is 2.20, which is significantly lower than the industry average of 6.59, suggesting it may be undervalued [4] - The stock's P/B ratio has fluctuated between a high of 3.53 and a low of 1.91 over the past year, with a median of 2.63 [4] - CENX's Price-to-Sales (P/S) ratio is 0.65, compared to the industry's average P/S of 0.73, further indicating potential undervaluation [5] Investment Outlook - The combination of CENX's strong earnings outlook and favorable valuation metrics positions it as an impressive value stock at the moment [6]

Steven Cress is VP of Quantitative Strategy and Market Data at Seeking Alpha. Steve is also the creator of the platform’s quantitative stock rating system and many of the analytical tools on Seeking Alpha. His contributions form the cornerstone of the Seeking Alpha Quant Rating system, designed to interpret data for investors and offer insights on investment directions, thereby saving valuable time for users. He is also the Founder and Co-Manager of Alpha Picks, a systematic stock recommendation tool design ...

Investors focus on businesses that consistently generate profits. The net profit margin is key to assessing profitability. A higher net margin indicates a company's efficiency in converting sales into actual profits, providing insights into its operational effectiveness and the challenges it faces. Companies like Willdan Group, Inc. (WLDN) , Limbach Holdings, Inc. (LMB) , Century Aluminum Company (CENX) and Dave Inc. (DAVE) exhibit strong net profit margins.Net Profit Margin = Net Profit / Sales * 100Net pr ...

Group 1 - Shares of Century Aluminum (CENX) have increased by 11.2% over the past four weeks, closing at $19.32, with a mean price target of $25 indicating a potential upside of 29.4% [1] - The average price targets range from a low of $22 to a high of $27, with a standard deviation of $2.65, suggesting a relatively high agreement among analysts [2][7] - Analysts have shown strong agreement in revising earnings per share (EPS) estimates higher, which correlates with potential stock price increases [4][9] Group 2 - The Zacks Consensus Estimate for CENX has increased by 35.9% due to one estimate moving higher over the last 30 days without any negative revisions [10] - CENX holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimates [11] - While consensus price targets may not be entirely reliable, the direction they imply appears to be a good guide for potential price movement [12]

CHICAGO, March 21, 2025 (GLOBE NEWSWIRE) -- Century Aluminum Company (NASDAQ:CENX) announced today that its Board of Directors has appointed Peter Trpkovski to be the Company’s next Executive Vice President and Chief Financial Officer. As CFO, Trpkovski will build on his 12-years of experience at Century and focus on advancing the Company’s strategic initiatives, strengthening financial operations, and driving value for stakeholders. Trpkovski will also continue to serve as Century’s Treasurer. He succeeds ...

Market Risks - The company faces significant risks related to declines in the market price of primary aluminum, which can adversely affect its financial condition and results of operations[83]. - Excess capacity and overproduction in the aluminum market may disrupt pricing and negatively impact the company's sales, margins, and profitability[87]. - The company is exposed to market price volatility due to its reliance on market-based electricity contracts, which can lead to increased operational costs[89]. - The company is exposed to price risk for raw materials, with significant fluctuations affecting profitability and operational costs[106]. - Changes in trade laws or regulations could adversely affect sales margins and profitability, particularly regarding import tariffs on primary aluminum[161]. Operational Challenges - Increases in energy costs, particularly electricity, are critical to the company's profitability and can lead to operational disruptions[88]. - The company has experienced power supply disruptions that have previously impacted its operational results, highlighting the importance of stable energy supply[90]. - The company relies on a limited number of suppliers for key raw materials, and disruptions in supply could lead to production inefficiencies and increased costs[104]. - The company has curtailed operations at its Hawesville smelter and is exploring strategic alternatives, with no assurance of profitable restart[100]. - A new power agreement at the Mt. Holly smelter may allow for the potential restart of 25% of its curtailed production capacity, subject to market conditions[98]. - Future production curtailments may incur substantial ongoing expenses, impacting the company's financial position and liquidity[97]. - Unpredictable events, such as natural disasters and extreme weather, have previously disrupted operations and could lead to increased costs and operational challenges[118]. Financial Position - The company requires substantial resources to fund operating expenses and capital expenditures, which may necessitate access to financial markets[112]. - As of December 31, 2024, the company had approximately $528.2 million of outstanding debt, including $250.0 million of 7.5% senior secured notes due 2028 and $86.3 million of convertible senior notes due 2028[135]. - The company's ability to pay interest and repay or refinance its debt depends on access to liquidity and future operating performance, which are subject to various uncontrollable factors[135]. - The company is vulnerable to adverse economic conditions due to substantial indebtedness, which limits operational flexibility and reduces cash available for other purposes[137]. - The company is subject to interest rate risk, as its borrowings are at variable interest rates, which could increase debt service obligations and adversely affect cash flow[138]. - Existing debt instruments contain covenants that restrict business operations and limit the ability to incur additional debt or pay dividends, potentially impairing liquidity and growth[139]. - The company relies on intercompany transfers from subsidiaries to meet debt service obligations, making it dependent on their operating results[140]. Customer Concentration - Approximately 59.1% of the company's consolidated net sales for the year ended December 31, 2024, were derived from Glencore, highlighting a concentrated customer base[110]. - For the year ended December 31, 2024, approximately 59.1% of consolidated sales were derived from Glencore and its affiliates[34]. - The company expects to sell a significant portion of its production to Glencore in 2025, maintaining a concentrated customer base[35]. Acquisition and Integration - The acquisition of a 55% interest in Jamalco in May 2023 significantly expanded the company's operations, adding bauxite mining and alumina refining capabilities[125]. - The company identified material weaknesses in internal controls over financial reporting related to the acquisition of Jamalco, which were remediated in fiscal 2024[130]. - The company may face risks associated with integration activities following the Jamalco acquisition, which could impact operational performance[126]. - The acquisition of a 55% interest in Jamalco secures a long-term supply of alumina, enhancing supply chain control[61]. Environmental and Regulatory Risks - The company is subject to various environmental laws and regulations that may adversely affect its business and financial position[156]. - Changes in climate change legislation or environmental regulations could lead to increased costs and impact the company's operations and profitability[155]. - The company is subject to various environmental laws and regulations that may impose significant costs and liabilities, potentially affecting financial condition and liquidity[158]. Labor Relations - Labor agreements for approximately 59% of the total workforce are currently under negotiation, with some agreements effective through 2025 and others expiring in 2026 and 2028[132]. Production and Capacity - Key production costs, including alumina, electrical power, carbon products, and labor, represented over 76% of the cost of goods sold for the year ended December 31, 2024[36]. - Approximately 327,000 tonnes, or 30% of Jamalco's alumina production, was sold to the company's aluminum smelters for the year ended December 31, 2024[37]. - The company completed a project to restart approximately 172,000 tonnes of production capacity at Mt. Holly, achieving 75% of its maximum capacity[58]. - The Grundartangi Casthouse Project can produce up to 150,000 tonnes of billet and 120,000 tonnes of primary foundry alloys[59]. Government Support and Incentives - The company entered into a Cooperative Agreement with the U.S. Department of Energy for up to $500 million in funding to build a new aluminum smelter in the United States[168]. - The Inflation Reduction Act provides a production tax credit equal to 10% of certain eligible production costs, which may benefit the company[166]. - The company may seek additional government grants and incentives to support the construction of the new aluminum smelter, which is subject to competitive application processes[169]. Cybersecurity - Cybersecurity incidents are increasing in frequency and sophistication, posing risks to the company's information technology systems and potentially impacting business operations[151]. Corporate Governance and Transparency - Century Aluminum provides access to periodic filings through the SEC's EDGAR system, including annual reports on Form 10-K and quarterly reports on Form 10-Q[74]. - The company offers free copies of its Forms 10-K, 10-Q, and 8-K upon request, highlighting transparency in financial reporting[74]. - Century Aluminum's Investor Relations Department can be contacted for document requests, indicating a commitment to shareholder communication[74].

Core Insights - The company focuses on two main investment situations: deep value stocks poised for growth and investment trends triggered by global changes [1] - Emphasis is placed on understanding both change and growth, as change often signifies the start of a new trend [1] - The company conducts thorough research, including insights from industry experts, former employees, and management, to identify mispriced securities [1] Investment Strategy - The investment concepts developed can be either micro or macro in nature, with a strong focus on understanding the situation better than competitors [1] - The company adheres to the principle of "scuttlebutt homework," ensuring comprehensive research before making investment decisions [1] - A dual background in finance and law supports the company's investment strategies, which have consistently outperformed the S&P 500 since the inception of the Fund [1] Motivation for Research - The company aims to generate constructive criticism of its investment ideas to identify potential flaws and improve understanding [1] - There is a commitment to seeking the truth in a landscape filled with varying opinions, guided by the philosophy of radical doubt [1] - The belief is that the best-performing investment ideas are those where potential weaknesses in the thesis are thoroughly understood [1]

Core Insights - Century Aluminum Company (CENX) reported earnings of 47 cents per share for Q4 2024, surpassing the Zacks Consensus Estimate of 30 cents and showing an increase from 30 cents in the prior-year quarter and 46 cents in the previous quarter [1] - The company achieved net sales of $631 million, a 23.2% year-over-year increase, exceeding the Zacks Consensus Estimate of $560.8 million, with a sequential sales increase of 17% [2] - Primary aluminum shipments totaled 166,677 tons, reflecting a year-over-year decrease of approximately 4.1% [3] Financial Performance - At the end of Q4 2024, CENX had cash and cash equivalents of $32.9 million, down 63% year-over-year, with net cash used by operating activities amounting to $24.6 million for the year [4] - For Q1 2025, the company forecasts adjusted EBITDA to be between $75 million and $85 million, driven by improved metal pricing and regional premiums, although offset by higher energy and raw material costs [5] Stock Performance - CENX shares have increased by 85.1% over the past year, significantly outperforming the industry average rise of 26.9% [6]