earnings
confidence high
sentiment negative
materiality 0.80
Century Aluminum Q3: Shipments down 19%, adjusted net loss $34.2M vs prior quarter profit
CENTURY ALUMINUM CO
2022-Q3 EPS reported
$0.97
revenue$2,247,400,000
- Net sales fell to $637.2M from $856.6M Q2; shipments 173,725 tonnes (down 19% due to Hawesville curtailment).
- Adjusted net loss $34.2M (adj EPS -$0.34) vs adjusted net income $30.4M (adj EPS $0.30) in Q2.
- Adjusted EBITDA swung to -$35.9M from positive $86.6M in prior quarter.
- Realized LME aluminum price $2,636/T, down $425/T from Q2.
- Total liquidity $215M as of Sept 30; secured $90M credit facility for Vlissingen in Nov 2022.