earnings
confidence high
sentiment neutral
materiality 0.70
Century Aluminum Q2 net sales up 14% to $856.6M; adjusted EPS $0.30
CENTURY ALUMINUM CO
2022-Q2 EPS reported
$0.54
revenue$1,610,200,000
- Shipments 214,084 tonnes (+1% sequentially); realized LME price $3,062/tonne, +$299/tonne.
- Net income $37.4M ($0.36 diluted EPS); adjusted net income $30.4M ($0.30 adjusted EPS).
- Adjusted EBITDA $86.6M, down from $105.5M in Q1 2022.
- Hawesville smelter curtailed in July amid high power prices; credit facility expanded to $250M through 2027.
- Agreed to sell remaining interest in Mt. Holly Commerce Park for $30M; close expected Q4 2022.