Century Aluminum Q4 net loss $113.5M; adjusted EBITDA negative $12.4M

CENTURY ALUMINUM CO

2022-FY EPS reported -$0.15 revenue$2,777,300,000

Q4 net sales $529.9M; reported net loss $113.5M ($1.24/share); adjusted net loss $31.3M ($0.31/share).
Q4 Adjusted EBITDA negative $12.4M; shipments 169,471 tonnes, down from Q3.
Full year 2022 net sales $2.8B (+26% YoY); reported net loss $14.1M; adjusted net income $25.6M ($0.26/share).
Full year Adjusted EBITDA $143.8M; shipments 768,691 tonnes, down from 783,647 in 2021.
Completed Mt. Holly restart at 75% capacity; low-carbon billet expansion in Iceland on track for Q1 2024 shipments.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CENTURY ALUMINUM CO reported fourth quarter ended December 31, 2022 results: revenue Net sales $529.9 million, net income Reported net loss of $(113.5) million, EPS reported net loss of $(1.24) per share; adjusted net loss of $(0.31) per share.

Period: fourth quarter ended December 31, 2022
Revenue: Net sales $529.9 million
Net income: Reported net loss of $(113.5) million
EPS: reported net loss of $(1.24) per share; adjusted net loss of $(0.31) per share
Result: reported results

Exact text from the filing

Fourth Quarter 2022 Highlights • Net sales $529.9 million • Cost savings programs partially offset high power prices and other raw material cost pressure • Reported net loss of $(113.5) million, or $(1.24) per share; adjusted net loss of $(31.3) million, or $(0.31) per share; Adjusted EBITDA of $(12.4) million 1 • Norðurál named Environmental Company of the Year 2022 in Iceland • Strong total liquidity of $245.0 million as of December 31, 2022

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CENTURY ALUMINUM CO reported full year ended December 31, 2022 results: revenue Net sales $2.8 billion, a 26% increase from prior year, net income Reported net loss of $(14.1) million, EPS reported net loss of $(0.15) per share; adjusted net income of $0.26 per share.

Period: full year ended December 31, 2022
Revenue: Net sales $2.8 billion, a 26% increase from prior year
Net income: Reported net loss of $(14.1) million
EPS: reported net loss of $(0.15) per share; adjusted net income of $0.26 per share
Result: reported results

Exact text from the filing

Full Year 2022 Highlights • Net sales $2.8 billion, a 26% increase from prior year • Completed Mt. Holly restart project, reaching 75% of total capacity • Reported net loss of $(14.1) million, or $(0.15) per share; adjusted net income of $25.6 million, or $0.26 per share; Adjusted EBITDA of $143.8 million 1 • Continued expansion project into low-carbon billet production for our Grundartangi, Iceland smelter. Project remains on budget and on time for completion, with shipments expected to begin in Q124

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Source: SEC EDGAR

accession 0000949157-23-000020

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