Welcome to our dedicated page for Century Alum news (Ticker: CENX), a resource for investors and traders seeking the latest updates and insights on Century Alum stock.
Century Aluminum Co. reports developments in primary aluminum production, including operating results, shipments, realized metal prices, power costs and raw material price effects. The company produces high-purity aluminum, standard-grade sow and tee bars, and value-added billet and foundry products through smelter operations in the United States and Iceland, with a carbon anode facility in the Netherlands.
Recurring company news includes production restarts and expansion activity at sites such as Mt. Holly and Grundartangi, updates tied to equipment reliability and insurance recoveries, domestic aluminum policy commentary, customer and supply-chain themes, and senior operations leadership changes.
Century Aluminum (NASDAQ: CENX) has priced a private offering of $400 million senior secured notes due August 2032. The notes will be issued at 100% of principal value with a 6.875% annual interest rate, paid semi-annually starting February 1, 2026.
The secured notes will be guaranteed by Century's domestic restricted subsidiaries and secured by liens on substantially all assets of the company and guarantors. The proceeds will be used to refinance the company's 7.50% Senior Secured Notes due 2028, repay credit facility borrowings, and cover transaction expenses.
The offering, expected to close on July 22, 2025, is limited to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S of the Securities Act.
Century Aluminum (NASDAQ: CENX) has announced a proposed private offering of $400 million senior secured notes due July 2032. The company plans to use the proceeds to refinance its existing 7.50% Senior Secured Notes due 2028, repay borrowings under its credit facilities, and cover related transaction fees and expenses.
The offering will be made to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S of the Securities Act. The interest rate and other terms will be determined during pricing. The notes have not been registered under the Securities Act or state securities laws.
Century Aluminum (NASDAQ: CENX) reported its Q1 2025 financial results with net sales of $633.9 million, up $3.0 million from Q4 2024. The company achieved net income of $29.7 million ($0.29 per diluted share), down from $45.2 million in Q4 2024. Aluminum shipments increased 1% to 168,672 tonnes.
Key highlights include a 38% increase in Midwest premium to $602, a $16.2 million positive impact from increased Section 232 aluminum tariffs, and adjusted EBITDA of $78.0 million. The company secured a new five-year labor contract for Grundartangi smelter and extended its power agreement with ON Power through Q1 2032. Century maintained strong liquidity of $339.1 million, including $44.9 million in cash.
For Q2 2025, Century expects adjusted EBITDA between $80-90 million, driven by increased Midwest regional premium and lower energy costs, partially offset by planned maintenance and seasonal labor expenses.
Century Aluminum (NASDAQ: CENX) has scheduled its first quarter 2025 earnings announcement for Wednesday, May 7, 2025, after market close. 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 the company's website at www.centuryaluminum.com. Participants are advised to begin registration at least 10 minutes before the call. A replay of the webcast will be available approximately two hours after the live call concludes.
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.