CHICAGO, June 02, 2025 (GLOBE NEWSWIRE) -- Century Aluminum Company (NASDAQ: CENX) applauds President Trump’s unwavering defense of the nation’s domestic production of critical metals by increasing aluminum tariffs to 50 percent. President Trump’s action, announced in Pittsburgh on Friday, increases the Section 232 tariffs on foreign primary aluminum imports from 25 percent to 50 percent. This bold step safeguards the supply of metals critical for national security, while encouraging investments in U.S. job ...

Century Aluminum Company (CENX) reported earnings of 28 cents per share for the first quarter of 2025, missing the Zacks Consensus Estimate of 53 cents. The figure compares favorably with the prior-year quarter’s loss of 39 cents per share but falls behind earnings of 47 cents per share in the previous quarter.CENX’s Revenues and ShipmentsThe company reported net sales of $633.9 million, up 29.5% year over year. The figure missed the Zacks Consensus Estimate of $643.8 million. Sales increased 0.5% sequentia ...

Century Aluminum (CENX) came out with quarterly earnings of $0.28 per share, missing the Zacks Consensus Estimate of $0.53 per share. This compares to loss of $0.39 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -47.17%. A quarter ago, it was expected that this aluminum producer would post earnings of $0.30 per share when it actually produced earnings of $0.47, delivering a surprise of 56.67%.Over the last four quarters, the ...

Financial Performance - Century Aluminum's net sales for Q1 2025 increased by $3.0 million compared to Q4 2024, driven by realized LME and regional price premiums of $35.6 million and favorable volume and sales mix of $11.3 million, despite a decrease in third-party alumina sales of $44.5 million [158]. - For Q1 2025, net sales rose by $144.4 million compared to Q1 2024, primarily due to favorable realized LME and regional price premiums of $91.1 million and an increase in third-party alumina sales of $58.0 million, partially offset by unfavorable volume and sales mix of $4.7 million [159]. - Gross profit for Q1 2025 decreased by $5.7 million compared to Q4 2024, mainly due to unfavorable raw material price realization of $25.7 million and unfavorable power price realization of $22.2 million, partially offset by favorable realized LME and regional price premiums of $35.6 million [160]. - Gross profit increased by $44.1 million for Q1 2025 compared to Q1 2024, primarily due to favorable metal price realization of $63.5 million and favorable regional price realization of $27.6 million, offset by higher power price realization of $26.7 million and increased operating expenses of $20.3 million [161]. Pricing and Premiums - The average price of primary aluminum per tonne for Q1 2025 was $2,631, compared to $2,199 in Q1 2024, reflecting a significant increase driven by tariff changes [149]. - The Midwest Premium (MWP) for aluminum increased from $402 per tonne in Q1 2024 to $729 per tonne in Q1 2025, influenced by the increase in Section 232 tariff rate from 10% to 25% effective March 12, 2025 [148]. Acquisitions and Investments - Century Aluminum acquired a 55% interest in Jamalco, resulting in a bargain purchase gain of $245.9 million recognized in Q1 2024 [144]. - The company finalized a bargain purchase gain of $245.9 million related to the acquisition of General Alumina Holdings Limited for the three months ended March 31, 2024 [168]. - The company entered into a Cooperative Agreement with the U.S. Department of Energy for up to $500 million to build a new aluminum smelter, marking the first new U.S. primary aluminum smelter in 45 years [140]. - The company entered into a Cooperative Agreement with the DOE for up to $500 million in IRA funding to build a new U.S. primary aluminum smelter [188]. Production and Operational Challenges - Jamalco experienced a production loss of approximately 84,000 tonnes in 2023 due to equipment failure, impacting gross margin by approximately $30.4 million [145]. - The expected capacity demand costs for power at the Sebree plant are projected to increase from approximately $3.1 million for the twelve months ending May 31, 2025, to approximately $5.9 million for the twelve months ending May 31, 2026 [152]. Expenses and Cash Flow - Selling, general and administrative expenses decreased by $2.3 million for the three months ended March 31, 2025, compared to the previous quarter [163]. - Net gain on forward and derivative contracts - nonaffiliates decreased by $8.1 million for the three months ended March 31, 2025, compared to the previous quarter [165]. - Income tax expense increased to $1.6 million for the three months ended March 31, 2025, compared to $0.2 million for the previous quarter [169]. - Cash and cash equivalents were approximately $44.9 million as of March 31, 2025, an increase from $32.9 million at December 31, 2024 [177]. - Net cash provided by operating activities was $72.3 million for the three months ended March 31, 2025, compared to a net cash used of $14.8 million in the same period last year [178]. - Capital expenditures for the three months ended March 31, 2025, were $21.2 million, with total capital spending estimated at $70 to $80 million for the year [189]. - As of March 31, 2025, the company had a liquidity position of $339.1 million, including cash and cash equivalents and unused availability under revolving credit facilities [173]. - The company had $43.7 million remaining under its stock repurchase program as of March 31, 2025, with no repurchases made during the three months ended March 31, 2025 [185].

Century Aluminum Company (CENX) Q1 2025 Earnings Call May 07, 2025 05:00 PM ET Company Participants Ryan Crawford - Financial Planning & Analysis and IR ManagerJesse Gary - President, Chief Executive Officer & DirectorPeter Trpkovski - EVP, CFO & TreasurerJohn Tumazos - Owner and CEO Conference Call Participants Katja Jancic - AnalystNick Giles - Senior Research Analyst Operator Good afternoon. Thank you for attending today's Century Aluminum Company First Quarter twenty twenty five Earnings Conference Call ...

Century Aluminum Company (CENX) Q1 2025 Earnings Call May 07, 2025 05:00 PM ET Speaker0 Good afternoon. Thank you for attending today's Century Aluminum Company First Quarter twenty twenty five Earnings Conference Call. My name is Micaiah, and I'll be the moderator for today's call. All lines will be muted during the presentation portion of the call with an opportunity for your questions and answers at the end. At this time, I would like to pass the call over to our host, Ryan Crawford, Investor Relations. ...

Century Aluminum Company 1 st Quarter Earnings Call May 7, 2025 Cautionary Statement Certain statements in this presentation, and those made by Century Aluminum Company management on the quarterly conference call, relate to future events and expectations and are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "believe," "expect," "hope," "target," "anticipate," "intend," "plan," "seek," "estimate," "potential," "project," "scheduled," "f ...

Exhibit 99.1 Century's liquidity position at March 31, 2025 was $339.1 million, comprised of cash and cash equivalents of $44.9 million and $294.2 million in combined borrowing availability. Century Aluminum Company Reports First Quarter 2025 Results Chicago, May 7, 2025 (GLOBE NEWSWIRE) -- Century Aluminum Company (NASDAQ: CENX) today announced its first quarter 2025 results. First Quarter 2025 Financial Results | $MM (except shipments and per share data) | | | | | | --- | --- | --- | --- | --- | | | | Q1 ...

CHICAGO, May 07, 2025 (GLOBE NEWSWIRE) -- Century Aluminum Company (NASDAQ: CENX) today announced its first quarter 2025 results. First Quarter 2025 Financial Results | $MM (except shipments and per share data) | | | | | | --- | --- | --- | --- | --- | | | | Q1 2025 | | Q4 2024 | | Aluminum shipments (tonnes) | | 168,672 | | 166,677 | | Net sales | $ | 633.9 | $ | 630.9 | | Net income attributable to Century stockholders | $ | 29.7 | $ | 45.2 | | Diluted earnings per share attributable to Century stockholde ...

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 ...