Loading...
•
Sep 30, 2023
Century Aluminum Q3 2023 Earnings Report
Century Aluminum reported a net loss for Q3 2023, impacted by net exceptional items and lower aluminum prices, partially offset by lower input prices and cost savings.
Key Takeaways
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.
Revenue by Geographic Location
Forward Guidance
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.
Positive Outlook
- Lower raw material prices
Challenges Ahead
- Decreased LME prices
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
Loading earnings performance data...
Loading earnings reaction data...