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Mar 31, 2021
Century Aluminum Q1 2021 Earnings Report
Announced first quarter 2021 results, showing decreased net sales and a net loss.
Key Takeaways
Century Aluminum Company reported a net loss of $(140.0) million for Q1 2021, with net sales of $444.0 million. The results were negatively impacted by $87.4 million of exceptional items, including $92.7 million of unrealized losses on forward derivative contracts. Adjusted EBITDA was $(19.7) million, primarily driven by higher power prices.
Shipments of 195,697 tonnes.
Net sales of $444.0 million.
Net loss of $(140.0) million, or $(1.55) per share.
Adjusted net loss of $(52.5) million, or $(0.54) per share.
Revenue by Geographic Location
Forward Guidance
Industry conditions have continued to improve, reflecting the pace and level of general manufacturing activity. The global primary aluminum market is in balance, and global inventories continue to fall. The availability of prompt metal units in our key markets remains constrained, driven by robust demand and the limited global capacity additions. The outlook for the industry remains uniformly healthy.
Positive Outlook
- Industry conditions have continued to improve, reflecting the pace and level of general manufacturing activity.
- The global primary aluminum market is in balance.
- Global inventories continue to fall.
- The availability of prompt metal units in our key markets remains constrained, driven by robust demand and the limited global capacity additions.
- The outlook for the industry remains uniformly healthy.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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