Century Aluminum (CENX) came out with quarterly earnings of $0.46 per share, beating the Zacks Consensus Estimate of $0.32 per share. This compares to loss of $0.13 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 43.75%. A quarter ago, it was expected that this aluminum producer would post earnings of $0.02 per share when it actually produced a loss of $0.03, delivering a surprise of -250%.Over the last four quarters, the comp ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _______. Commission file number 001-34474 Century Aluminum Company (Exact name of registrant as specified in its charter) Delaware 13-30 ...

Exhibit 99.1 Century Aluminum Company Reports Third Quarter 2024 Results Chicago, November 4, 2024 (GLOBE NEWSWIRE) -- Century Aluminum Company (NASDAQ: CENX) today announced its third quarter 2024 results. Business Highlights • Net sales of $539.1 million • Realized LME aluminum price of $2,451/MT in third quarter is up $163/MT from prior quarter • Reported net income attributable to Century stockholders of $47.3 million and adjusted EBITDA attributable to Century stockholders of $103.7 million • Cash and ...

CHICAGO, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Century Aluminum (NASDAQ: CENX) applauds the Biden Administration’s move to finalize guidance for the Advanced Manufacturing Production Credit (section 45X of the Inflation Reduction Act), which promotes U.S. production of critical minerals, including primary aluminum. “We are pleased the final rules include certain raw materials as part of our production costs in calculating the tax credit that we, along with many other stakeholders, requested. This reinforces the ...

CHICAGO, Oct. 21, 2024 (GLOBE NEWSWIRE) -- Century Aluminum Company (NASDAQ: CENX) will report third quarter 2024 earnings on Monday, November 4, 2024, after market close. The news release will be issued through GlobeNewswire. The company will hold a follow-up conference call on Monday, November 4, 2024, 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 befo ...

CHICAGO, Sept. 17, 2024 (GLOBE NEWSWIRE) -- Century Aluminum announced today the resumption of normal shipping operations at Jamalco's Rocky Point port following the completion of Hurricane Beryl-related repairs to the port. "I want to thank our entire Jamalco team who rose to the occasion following Hurricane Beryl and successfully completed these repairs safely and with a disciplined focus on execution," said Century's President and CEO Jesse Gary. In Iceland, local geothermal energy companies issued parti ...

Financial Data and Key Metrics Changes - The company reported adjusted EBITDA of $34 million for Q2 2024, a sequential increase of $9 million driven by higher realized metal prices and regional premiums [3][13] - Net sales reached $561 million, reflecting a 15% sequential increase due to higher metal prices and regional delivery premiums [13] - Adjusted net income was $1 million or $0.01 per share, with liquidity improved to $343 million, the strongest position in nearly a decade [13][14] Business Line Data and Key Metrics Changes - Global shipments for Q2 were approximately 168,000 tons, slightly lower than the previous quarter due to typical fluctuations [13] - Realized LME prices increased to $2,288 per ton, up $98 from the prior quarter, while U.S. Midwest premium rose to $416 per ton, up $7 [14] - European delivery premium increased to $284 per ton, up $61 from the previous quarter [14] Market Data and Key Metrics Changes - Aluminum prices rose during Q2 due to stronger global demand, particularly in China, but have recently retreated due to macroeconomic concerns [4] - The alumina price index (API) rose significantly, averaging 19% higher than Q1 levels, reaching over $500 per ton in June [5] - The company noted that global trends towards electrification and lightweighting will continue to drive increased demand for aluminum [5] Company Strategy and Development Direction - The company is focused on maximizing the value of its assets, particularly in light of the strong aluminum market conditions and trade actions that favor U.S. and EU production [9] - The company is working on growth projects and expects to provide updates in future calls [12] - The management emphasized the importance of maintaining a flexible energy arrangement to adapt to market conditions [27] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the aluminum market's tightness and the supportive relationship between alumina and aluminum prices, which is currently higher than historical averages [35] - The company anticipates a Q3 adjusted EBITDA in the range of $65 million to $75 million, reflecting expected increases in LME and delivery premiums [17] - Management acknowledged the impact of Hurricane Beryl but indicated that operations have returned to normal levels [11][31] Other Important Information - The company successfully lifted a 20 megawatt energy curtailment in Iceland, returning to full production by the end of Q2 [9] - Jamalco operations achieved their targeted production rate of 1.2 million tons per annum despite facing challenges from Hurricane Beryl [6][11] Q&A Session Summary Question: Perspective on power markets and interest from third parties - Management is actively monitoring power markets and exploring options to maximize the value of their power infrastructure [18][19] Question: Update on 45X guidance and new smelter development - Management is engaged with the administration regarding 45X but does not have an updated timeline [20][21] Question: Margin profile of incremental volumes from Mt. Holly restart - Management indicated that the last tons from the smelter are typically the most profitable, and they are preparing for a potential restart [22][23] Question: Situation at Jamalco and force majeure declaration - Management confirmed the declaration of force majeure due to port issues but stated that production is back to normal [25][26] Question: Broader aluminum market dynamics - Management noted the unusual high relationship between alumina and aluminum prices and expressed confidence in the sustainability of current market conditions [34][35]

Century Aluminum Company (CENX) recorded a second-quarter 2024 loss of 3 cents per share. This compares with the year-ago quarter's earnings of 7 cents. The Zacks Consensus Estimate for earnings was 2 cents in the quarter. Revenues and Shipments The company generated net sales of $560.8 million in the reported quarter, down around 2.6% year over year. The figure beat the Zacks Consensus Estimate of $530.9 million. Primary aluminum shipments were 167,908 tons, down around 3.3% year over year. Shipments fell ...

Century Aluminum Company 2 nd Quarter Earnings Call August 8, 2024 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," ...

Group 1 - Century Aluminum reported a quarterly loss of $0.03 per share, missing the Zacks Consensus Estimate of $0.02, compared to earnings of $0.16 per share a year ago, representing an earnings surprise of -250% [1] - The company posted revenues of $560.8 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 5.63%, but down from $575.5 million year-over-year [2] - Over the last four quarters, Century has surpassed consensus EPS estimates two times and topped consensus revenue estimates two times [2] Group 2 - The stock's immediate price movement will depend on management's commentary on the earnings call and future earnings expectations [3][4] - The current consensus EPS estimate for the coming quarter is $0.26 on revenues of $552.6 million, and for the current fiscal year, it is $3.10 on revenues of $2.14 billion [7] - The estimate revisions trend for Century is currently favorable, resulting in a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [6] Group 3 - The Metal Products - Procurement and Fabrication industry, to which Century belongs, is currently in the bottom 34% of over 250 Zacks industries, which may impact stock performance [8]