Century Aluminum reports Q3 net loss of $42M; revenue down 5% sequentially

CENTURY ALUMINUM CO

2023-Q3 EPS reported -$0.79 revenue$1,673,100,000

Net sales $545.2M, down from $575.5M Q2; net loss $42.0M vs Q2 net income $7.5M.
Adjusted net loss $13.8M ($0.13/share) vs adjusted net income $15.5M ($0.16/share) Q2.
Realized LME price $2,237/tonne (-$134 QoQ); shipments 171,995 tonnes.
Completed Mt. Holly land sale for $26M; debt reduced $41.4M to $512.0M; liquidity $305.8M.
Finalized three-year Mt. Holly power agreement.

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 0.95

CENTURY ALUMINUM CO reported quarter ended September 30, 2023 results: revenue $545.2 million, net income $(42.0), EPS $(0.45).

Period: quarter ended September 30, 2023
Revenue: $545.2 million
Net income: $(42.0)
EPS: $(0.45)
Result: reported results

Exact text from the filing

Results Chicago, November 8, 2023 (GLOBE NEWSWIRE) -- Century Aluminum Company (NASDAQ: CENX) today announced its third quarter 2023 results. Business Highlights • Net sales $545.2 million • Realized LME aluminum price of $2,237/T in third quarter is down $134/T from prior quarter • Falling energy and other raw material costs • Completed Mt. Holly land sale and

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Source: SEC EDGAR

accession 0000949157-23-000070

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