Business Highlights Adjusted EBITDA attributable to Century stockholders for the first quarter of 2024 was $25.0 million. This was a decrease of $32.1 million from the prior quarter, primarily driven by the full-year 2023 IRA Section 45X credit recorded in the prior quarter and only one quarter of credit recorded in the current period. Normalizing for the timing of the recognition of the IRA Section 45X benefit in the prior year, Adjusted EBITDA improved due to lower energy and material costs, partially off ...

Key PointsThe U.S. Treasury and the U.K. announced new sanctions on Russian aluminum, copper and nickel, banning imports into the U.S. and restricting trading on new supplies of Russian metals on the CME and LME.The sanctions aim to disrupt Russia's revenues to fund its war with Ukraine.The news sent aluminum and copper prices to 2-year highs as Russia produces 5% and 4% of the world's aluminum and copper.5 stocks we like better than Century AluminumOn April 12, 2024, the United States Department of the Tre ...

CHICAGO, April 18, 2024 (GLOBE NEWSWIRE) -- Century Aluminum Company (NASDAQ:CENX) will report first quarter 2024 earnings on Wednesday, May 1, 2024 before market open. The news release will be issued through GlobeNewswire. The company will hold a follow-up conference call on Wednesday, May 1, 2024 at 11:00 a.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 th ...

Geopolitical tensions could create new opportunities for this U.S. producerA new round of sanctions against Russian metal supplies is reverberating through global markets on Monday. Shares of Century Aluminum (CENX 8.86%), the largest U.S. aluminum supplier, traded up 10% as of midday as investors try to determine the ramifications of the latest geopolitical maneuvers.A political squeeze on Russian metalsOn Friday, the United States and the United Kingdom opened a new front in the economic battle against Ru ...

A month has gone by since the last earnings report for Century Aluminum (CENX) . Shares have added about 23.5% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Century due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Century Aluminum’s Q4 Earnings Beat Estimates, Sa ...

Our debt instruments subject us to covenants and restrictions. The capped call transactions may af ect the value of the notes and our common stock. The failure of our information technology systems, network disruptions, cyber-attacks or other breaches in data security could have a material adverse ef ect on our business, results of operations and financial position. Cybersecurity incidents, in particular, are increasing in frequency and continue to evolve and become more sophisticated. Cyber security incide ...

ST. LOUIS and CHICAGO, March 13, 2024 (GLOBE NEWSWIRE) -- MX Holdings, a global leader in the purchasing, processing, and manufacturing of non-ferrous metals, together with Century Aluminum Company (NASDAQ:CENX) ("Century"), a global producer of primary aluminum, have entered a Memorandum of Understanding to establish a new joint venture focusing on the manufacture and marketing of low-carbon secondary billet. This new organization will deliver expertly engineered and technically advanced alloys, composed o ...

Century Aluminum Company (CENX) recorded fourth-quarter 2023 earnings of 30 cents per share. This is in contrast to the year-ago quarter's loss of $1.24 per share. The figure beat the Zacks Consensus Estimate of a loss of 23 cents per share.Revenues and ShipmentsThe company generated net sales of $512.3 million in the reported quarter, down around 3.3% year over year. The figure missed the Zacks Consensus Estimate of $514.4 million. Sales also fell 6% sequentially due to lower realized aluminum prices.Shipm ...

Century Aluminum Company (NASDAQ:CENX) Q4 2023 Earnings Conference Call February 21, 2024 5:00 PM ET Company Participants Ryan Crawford - Financial Planning & Analysis and IR Manager Jesse Gary - President and CEO Jerry Bialek - EVP and CFO Peter Chipskovsk - SVP of Finance and Treasurer Conference Call Participants Lucas Pipes - B. Riley John Tumazos - Very Independent Research Operator Good afternoon. Thank you for attending the Century Aluminum Company Fourth Quarter 2023 Earnings Conference Call. My nam ...

Century reported net income attributable to Century stockholders of $30.0 million for the fourth quarter of 2023, a $72.0 million improvement sequentially primarily attributed to the recognition of the full year Inflation Reduction Act Advanced Manufacturing credit in the period and the change in net income (loss) provided by forward and derivative contracts, partially offset by the change from recognized income tax benefit to income tax expense. Fourth quarter results were impacted by $9.2 million of net e ...