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Mar 31, 2023
Century Aluminum Q1 2023 Earnings Report
Century Aluminum's financial performance improved in Q1 2023, driven by higher realized aluminum prices and lower energy costs.
Key Takeaways
Century Aluminum reported a net loss of $38.6 million for Q1 2023, an improvement of $74.9 million sequentially. Adjusted EBITDA for the first quarter of 2023 was $24.1 million, a $36.5 million increase from the prior quarter.
Realized LME aluminum price of $2,350/T in first quarter, up $42/T from prior quarter.
Kentucky energy costs decreased by $30/MWh, a 47% improvement from Q4.
Strong total liquidity of $241.0 million as of March 31, 2023.
Acquired 55% interest in Jamalco, a bauxite mining and alumina refining operation.
Revenue by Geographic Location
Forward Guidance
The company expects second quarter Adjusted EBITDA to range between $25 to $30 million based on improved power and other input costs along with break-even or better Jamalco performance.
Positive Outlook
- Improved power costs
- Improved other input costs
- Break-even or better Jamalco performance
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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