Century Aluminum reported a net loss of $(58.2) million for the third quarter of 2020, with adjusted EBITDA of $(31.4) million. The results were impacted by lower LME prices and regional premiums, as well as higher seasonal power costs.
Shipments of 203,022 tonnes, a 3% decrease over prior quarter
Net sales of $392.9 million
Net loss of $(58.2) million, or $(0.65) per share
Adjusted EBITDA of $(31.4) million due to lower LME prices and regional premiums, as well as higher seasonal power costs
Financial performance for the quarter was consistent with the estimates we provided several months ago; of course, these results manifest the very low aluminum price levels which persisted from April through June. At current commodity prices, consolidated earnings and cash flow would be robust.
Visualization of income flow from segment revenue to net income
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