Century Aluminum Q1: net income $246.8M vs $30M, adjusted EPS -$0.03, wins $500M DOE award

CENTURY ALUMINUM CO

2024-Q1 EPS reported $2.26 revenue$489,500,000

Net sales $489.5M; shipments 174,627 tonnes (up from 173,871 Q4 2023).
Net income $246.8M includes large non-recurring gain; adjusted net loss $(3.0)M, adjusted EBITDA $25.0M.
DOE awarded $500M for new green aluminum smelter; JV with MX Holdings for low-carbon billet casthouse.
Cash $93.5M, liquidity $302.0M as of March 31, 2024.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CENTURY ALUMINUM CO reported quarter ended March 31, 2024 results: revenue $489.5 million, net income $246.8 million, EPS $2.26.

Period: quarter ended March 31, 2024
Revenue: $489.5 million
Net income: $246.8 million
EPS: $2.26
Result: reported results

Exact text from the filing

2024 Results Chicago, May 1, 2024 (GLOBE NEWSWIRE) -- Century Aluminum Company (NASDAQ: CENX) today announced its first quarter 2024 results. Business Highlights • Net sales of $489.5 million • Realized LME aluminum price of $2,190/T in first quarter is up $8/T from prior quarter • Reported net income attributable to Century stockholders of $246.8 million and adjusted

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Source: SEC EDGAR

accession 0000949157-24-000045

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