Century Aluminum Company reported a net loss of $42.0 million for Q3 2023, a $49.5 million decrease sequentially, impacted by exceptional items and lower aluminum prices. Adjusted EBITDA was $9.3 million, down $20.2 million from the prior quarter. However, lower input prices and cost savings partially offset these negative impacts.
Net sales were $545.2 million.
Realized LME aluminum price was $2,237/T, down $134/T from the prior quarter.
Total debt decreased by $41.4 million to $512.0 million as of September 30, 2023.
Cash and cash equivalents were $70.3 million, with strong liquidity of $305.8 million as of September 30, 2023.
The company expects fourth quarter Adjusted EBITDA to range between $0 to $10 million based on decreased LME prices, partially offset by lower raw material prices.
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