earnings
confidence high
sentiment positive
materiality 0.75
Century Aluminum posts Q4 net income $60.4M; adjusted EBITDA $82.2M on strong premiums
CENTURY ALUMINUM CO
2021-FY EPS reported
-$1.85
revenue$2,212,500,000
- Net income of $60.4M ($0.59 diluted EPS) vs Q3 loss of $52.4M; adjusted EPS $0.17.
- Net sales $659.1M, shipments 200,961 tonnes; realized LME price $2,605/T (+$230 QoQ).
- U.S. Midwest premium $720/T (+$50 QoQ); EU Duty Paid premium $340/T (+$95 QoQ).
- Started construction of 150,000-tonne green billet expansion in Iceland, fully financed.
- Refinanced debt extending maturities to 2028; Mt. Holly & Hawesville restarts mostly complete.