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Jun 30, 2024
Century Aluminum Q2 2024 Earnings Report
Announced second quarter 2024 results, showing a decrease in net loss compared to the previous quarter, driven by higher LME aluminum price, regional and value-added product premiums.
Key Takeaways
Century Aluminum Company reported net sales of $560.8 million for Q2 2024. The company reported a net loss attributable to Century stockholders of $2.5 million, with an adjusted EBITDA of $34.2 million. The company's liquidity position was $342.6 million as of June 30, 2024.
Net sales reached $560.8 million.
Realized LME aluminum price increased by $98/MT from the prior quarter, reaching $2,288/MT.
Net loss attributable to Century stockholders was $2.5 million, while adjusted EBITDA was $34.2 million.
Cash and cash equivalents totaled $41.3 million, with a strong liquidity of $342.6 million as of June 30, 2024.
Revenue by Geographic Location
Forward Guidance
The company expects third quarter Adjusted EBITDA to range between $65 to $75 million based on higher LME and regional premium prices and timing of shipments, partially offset by increased power costs.
Positive Outlook
- Higher LME prices
- Higher regional premium prices
- Timing of shipments
Challenges Ahead
- Increased power costs
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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