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 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.
Century Aluminum Company (NASDAQ: CENX) is set to release its first quarter 2022 earnings on April 28, 2022, post-market. The earnings announcement will be available through GlobeNewswire.
A conference call is scheduled for the same day at 5:00 p.m. Eastern Time, allowing investors to gain insights into the company’s performance. The call will be webcast live on the company's official website, with a replay available shortly after the event.
Verra Mobility (NASDAQ: VRRM) has appointed Craig Conti as the new Executive Vice President and Chief Financial Officer, effective April 11, 2022. Conti, with over 23 years of financial management experience, previously served as CFO of Century Aluminum (NASDAQ: CENX). He replaces Patricia Chiodo, who is retiring after seven years, but will assist in the transition for 90 days. Conti will manage Financial Planning, Treasury, Accounting, and Investor Relations, aiming to enhance shareholder returns and drive growth.
Century Aluminum Company (NASDAQ: CENX) announced that its subsidiary, Nordural Grundartangi ehf, signed a Letter of Intent with Ocean GeoLoop for a carbon capture project at the Grundartangi plant in Iceland. This initiative aims to reduce Iceland's carbon emissions by approximately 10% through the deployment of Ocean GeoLoop's innovative carbon capture technology coupled with a horizontal hydropower unit for self-energization. Nordural strives to become a carbon-neutral aluminum producer, further enhancing its already low CO₂ footprint.
Century Aluminum Company (NASDAQ: CENX) will have its President and CEO, Jesse Gary, participate in a presentation at the BMO Global Metals & Mining Conference on March 1, 2022, at 2:30 p.m. EST. A live audio webcast of the event will be accessible on the company's website's 'Investors' section. Additionally, a slide presentation related to the conference will be available one hour prior to the session. Century Aluminum operates primary aluminum production facilities in the U.S. and Iceland, headquartered in Chicago.
Century Aluminum Company (NASDAQ: CENX) reported a fourth quarter net income of $60.4 million, marking a significant improvement from a loss of $52.4 million in the previous quarter. Fourth quarter net sales rose 13% sequentially to $659.1 million, driven by increased shipment volume and aluminum prices. However, the full year 2021 net loss stood at $167.1 million, worsened by $105 million in exceptional items, including unrealized losses on derivatives. The company is expanding its low-carbon billet production in Iceland and recovering from a recent cyber attack.