Welcome to our dedicated page for Century Alum Co news (Ticker: CENX), a resource for investors and traders seeking the latest updates and insights on Century Alum Co stock.
Century Aluminum Company (NASDAQ: CENX) is an integrated producer of bauxite, alumina and primary aluminum products and has described itself as the largest producer of primary aluminum in the United States. With corporate headquarters in Chicago, Illinois, the company owns and operates primary aluminum smelting facilities in the United States and Iceland, operates production facilities in the Netherlands and is the majority owner and managing partner of the Jamalco alumina refinery in Jamaica.
This news page aggregates company announcements, press releases and market updates related to Century Aluminum. Readers can follow quarterly earnings releases, where the company reports net sales, aluminum shipments, net income or loss, and non-GAAP measures such as adjusted net income and adjusted EBITDA. These earnings updates often include commentary on aluminum prices, regional premiums, derivative results, raw material costs, power prices and other factors that influence Century Aluminum’s performance.
News items also cover operational developments across Century Aluminum’s global footprint. Examples include reports on equipment issues at the Grundartangi smelter in Iceland, such as an electrical equipment failure that temporarily reduced production on one potline, and updates from the Jamalco alumina refinery in Jamaica, including temporary curtailment and restart procedures following Hurricane Melissa. The company has also issued news about power agreements and plans to restart idled capacity at its Mt. Holly smelter in South Carolina, which it links to trade measures such as Section 232 aluminum tariffs.
In addition, Century Aluminum publishes announcements about financing activities, such as the pricing and closing of senior secured notes offerings and amendments to its credit facilities. For investors and followers of CENX stock, this news stream provides a centralized view of financial results, operational events, capital structure changes and other material developments affecting the company’s integrated aluminum operations.
Century Aluminum Company (NASDAQ: CENX) announced that its President and CEO, Jesse Gary, will participate in a Q&A session at the BMO Global Metals, Mining, & Critical Minerals Conference on February 28, 2023, at 10:30 a.m. EST. The session will be available as a real-time audio webcast via the 'Investors' section on Century's website. Century Aluminum operates primary aluminum production facilities in the U.S. and Iceland, with corporate offices in Chicago, IL. Investors are advised that this session may contain forward-looking statements, which involve risks and uncertainties that could affect actual results.
Century Aluminum Company (NASDAQ: CENX) is set to report its fourth-quarter earnings for 2022 on February 23, 2023, after market close. A news release will be available via GlobeNewswire, followed by a conference call at 5:00 p.m. Eastern Time on the same day. The call will be webcast live through the company’s official website, with a replay accessible approximately two hours post-call. This earnings report is crucial for investors as it will provide insights into the company’s financial performance and future outlook amidst fluctuating market conditions.
Century Aluminum Company (CENX) reported its Q3 2022 results, revealing a 19% decrease in shipments due to the Hawesville curtailment. The realized LME aluminum price fell by $425/T to $2,636/T, leading to a 26% decline in net sales to $637.2 million. Despite challenges, the company achieved a net income of $44.3 million, up $6.9 million sequentially. Adjusted net income showed a loss of $(34.2) million. Liquidity improved to $215 million, bolstered by a new $90 million credit facility in November. Proactive cost reduction measures were implemented to enhance financial stability.
DTE has secured a $1.85 million contract with Nordural, a subsidiary of Century Aluminium Company (CENX), for its advanced real-time chemical composition analysis solution at a new low-carbon billet casthouse in Iceland. This initiative aims to enhance operational efficiencies, minimize emissions, and reduce analysis costs. The casthouse will produce 150,000 tonnes of billets annually and is expected to start production in Q1 2024. The project represents a $120 million investment, creating approximately 130 jobs and responding to rising demand for low-carbon aluminium products.
Century Aluminum Company (CENX) is scheduled to report its third quarter 2022 earnings on November 7, 2022, after market close. The earnings release will be distributed via GlobeNewswire.
A follow-up conference call will occur on the same day at 5:00 p.m. Eastern time, available for live webcast on the company’s official website. A replay will be accessible approximately two hours post-call.
Century Aluminum Company (NASDAQ: CENX) reported its second-quarter 2022 results, highlighting a 1% increase in shipments and a 14% rise in net sales sequentially, driven by higher aluminum prices. The company achieved a net income of $37.4 million, though adjusted net income dropped to $30.4 million due to exceptional items. Liquidity improved by $71 million to $225.6 million, supported by an extended credit facility. Notably, the Hawesville plant faced a curtailment due to high energy costs. Century aims to enhance competitiveness amid rising global energy prices.
Century Aluminum Company (NASDAQ: CENX) has appointed Gerald “Jerry” Bialek as the new Executive Vice President and Chief Financial Officer, effective August 22, 2022. Bialek brings significant experience from his previous roles at Cooper Tire & Rubber Company and Ford Motor Company. CEO Jesse Gary highlighted Bialek's expertise in driving growth in industrial manufacturing as a key asset for the company. Century Aluminum, headquartered in Chicago, owns primary aluminum production facilities in the U.S. and Iceland.
Century Aluminum Company (NASDAQ: CENX) is set to announce its second quarter 2022 earnings after market close on August 9, 2022. The announcement will be distributed via GlobeNewswire. Following the release, a conference call is scheduled for the same day at 5:00 p.m. Eastern time, which will be available for live streaming on the company's website. Investors can expect access to a replay of the call approximately two hours post-event.
Century Aluminum Company (CENX) announced the temporary idling of its Hawesville, Kentucky smelter due to soaring energy costs, expected to last 9-12 months. This decision affects over 600 employees who were notified under the WARN Act. The company cited a tripling of energy costs linked to the global energy crisis exacerbated by the war in Ukraine. Century Aluminum remains committed to exploring options to mitigate the idling and believes energy prices will stabilize in the coming year, emphasizing the smelter's strategic importance in U.S. national security.
Century Aluminum Company (NASDAQ: CENX) reported Q1 2022 results with shipments up 5% to 211,411 tonnes and net sales rising 14% to $753.6 million, driven by higher aluminum prices and volume. Net income fell to $17.7 million, impacted by $42.3 million in exceptional items, while adjusted net income rose to $60.7 million. Adjusted EBITDA increased to $105.5 million. The company's liquidity improved to $154.3 million. President Jesse Gary emphasized strong demand in core markets despite inflationary pressures in energy and raw materials.
FAQ
What is the current stock price of Century Alum Co (CENX)?
What is the market cap of Century Alum Co (CENX)?
