Century Alum Co Stock Price, News & Analysis

Century Aluminum (NASDAQ:CENX) has appointed Peter Trpkovski as Executive Vice President and Chief Financial Officer. Trpkovski, who will retain his position as Treasurer, brings 12 years of experience with the company and succeeds Jerry Bialek following a planned transition.

Throughout his tenure since 2013, Trpkovski has held various leadership roles including Senior Vice President, Finance and Treasurer, and Vice President, Finance, and Investor Relations. He has also led Financial Planning and Analysis and Risk Management. Prior to Century, he worked at Citigroup as a Senior Financial Analyst and at Johnson Controls in Finance and Engineering.

Trpkovski holds both a Bachelor of Science in Engineering degree in Electrical and Computer Engineering and an MBA in Finance from the University of Michigan.

Century Aluminum (NASDAQ: CENX) has announced that President and CEO Jesse Gary will present at the BMO Global Metals, Mining & Critical Minerals Conference on Tuesday, February 25, 2025, at 10:00 a.m. EST. The presentation will include a question-and-answer session, and investors can access a real-time audio webcast through the company's website investor section.

Century Aluminum (NASDAQ: CENX) reported strong Q4 2024 results with net sales of $631.0 million and net income of $47.7 million ($0.47 per diluted share). Full-year 2024 performance showed net sales of $2.2 billion and net income of $339.4 million ($3.29 per share).

Key achievements include record production at Sebree, KY facility, completion of Iceland billet casthouse expansion, and securing a $500.0 million DOE grant for a new aluminum smelter. The company recorded $92.6 million in Section 45X production tax credits.

Q4 shipments decreased 1% sequentially, while net sales increased 17% due to higher alumina sales and improved aluminum pricing. Year-end liquidity stood at $244.5 million. For Q1 2025, the company projects Adjusted EBITDA between $75-85 million, reflecting improved metal pricing offset by higher energy and raw material costs.

Century Aluminum Company (NASDAQ: CENX) has announced it will release its fourth quarter 2024 earnings report on Thursday, February 20, 2025, after the market closes. The company will host a conference call the same day at 5:00 p.m. Eastern time to discuss the results.

The earnings call will be accessible via webcast on Century Aluminum's website at www.centuryaluminum.com. Participants are advised to begin the registration process at least 10 minutes before the scheduled start time. A replay of the webcast will be made available approximately two hours after the live call concludes.

Century Aluminum (NASDAQ:CENX), the largest domestic producer of primary aluminum in the United States, has expressed strong support for President Trump's executive order strengthening Section 232 tariffs. The order implements a 25% tariff on all primary aluminum imports into the U.S. from all foreign countries.

The new measure closes a significant loophole in the existing tariff system that previously allowed nearly 75% of imports to avoid the tariff. According to Century Aluminum CEO Jesse Gary, this action will help protect national security and level the playing field for America's aluminum workers, potentially driving a resurgence in domestic aluminum production.

Century Aluminum Company (NASDAQ: CENX) reported strong Q3 2024 financial results with net sales of $539.1 million and net income of $47.3 million. The company achieved adjusted EBITDA of $103.7 million, a $69.5 million increase from Q2. Performance was boosted by higher LME aluminum prices at $2,451/MT and recognition of $34.9 million in Section 45X tax credits. Aluminum shipments reached 168,755 tonnes. The company maintains strong liquidity of $278.9 million. For Q4 2024, Century expects adjusted EBITDA between $70-80 million, anticipating lower LME and premium prices offset by reduced power costs.

Century Aluminum (NASDAQ: CENX) welcomes the Biden Administration's final guidance for the Advanced Manufacturing Production Tax Credit (section 45X) under the Inflation Reduction Act. The rules now include certain raw materials in production cost calculations for the tax credit, supporting domestic manufacturing of primary aluminum and critical minerals. CEO Jesse Gary expressed satisfaction with the inclusion of raw materials in the tax credit calculation. The company will provide more details about the impact during its Q3 earnings call on November 4, 2024.

Century Aluminum Company (NASDAQ: CENX) has announced its schedule for reporting third quarter 2024 earnings. The company will release its earnings report on Monday, November 4, 2024, after market close through GlobeNewswire. Following the release, Century Aluminum will host a conference call at 5:00 p.m. Eastern time on the same day.

Investors and interested parties can access the earnings call via a live webcast on the company's official website, www.centuryaluminum.com. Participants are advised to begin the registration process at least 10 minutes before the call's scheduled start time. For those unable to attend the live event, a replay of the webcast will be made available approximately two hours after the call concludes.

Century Aluminum (CENX) has announced the resumption of normal shipping operations at Jamalco's Rocky Point port following Hurricane Beryl-related repairs. CEO Jesse Gary praised the Jamalco team for their safe and focused execution of the repairs. In Iceland, local geothermal energy companies have issued partial power curtailment orders for maintenance activities, affecting Century's Grundartangi smelter. These curtailments are expected to reduce Grundartangi's production by approximately 2,500 MT in the third quarter.