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CENX — Century Aluminum News Story

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Century Aluminum Q2 adjusted EPS misses

Overview

Century Aluminum Q2 rev of $628.1 mln beats analyst expectations, per LSEG data

Adjusted EPS of $0.30 missed analyst estimates

Adjusted EBITDA of $74.3 mln missed analyst expectations

Co to restart Mt. Holly smelter, boosting U.S. aluminum production

Outlook

Company expects Q3 Adjusted EBITDA between $115 mln and $125 mln

Result Drivers

SHIPMENTS INCREASE - Aluminum shipments rose 4% sequentially, contributing to volume growth

DERIVATIVE LOSSES - Higher losses on derivative instruments impacted net earnings, as stated by Century

EXCEPTIONAL ITEMS - Results were affected by $35 mln in exceptional items, including Iceland inventory adjustments

Key Details

MetricBeat/MissActualConsensus Estimate
Q2 SalesBeat$628.10 mln$611.60 mln (2 Analysts)
Q2 Adjusted EPSMiss$0.3$0.33 (1 Analyst)
Q2 EPS-$0.05
Q2 Net Income-$4.60 mln
Q2 Adjusted EBITDAMiss$74.30 mln$77.80 mln (2 Analysts)
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell" The average consensus recommendation for the aluminum peer group is "buy" Wall Street's median 12-month price target for Century Aluminum Co is $22.50, about 4.4% above its August 6 closing price of $21.50 The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 6 three months ago Press Release: ID:nGNX8KR6qy (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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