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Century Aluminum Co (CENX)
:CENX
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.56Last Year’s EPS
-0.03Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 20, 2025
|% Change Since: 0.00%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Positive
The earnings call presents a generally positive outlook for Century Aluminum, with strong operational performance in 2024, significant benefits expected from the reinstated U.S. tariffs, and progress on a new U.S. smelter project. However, challenges such as operational instability at Mt. Holly and higher costs due to alumina supply issues are noted.Company Guidance
During the Century Aluminum Company's Fourth Quarter 2024 Earnings Call, the company provided substantial guidance for the upcoming year. Century reported an adjusted EBITDA of $245 million for 2024, with $82 million coming from Q4, driven by strong aluminum prices averaging $2,575 and favorable energy costs. Looking ahead, the company anticipates Q1 2025 adjusted EBITDA between $75 million and $85 million, despite a $10 million to $15 million headwind from alumina supply disruptions. Spot LME aluminum prices have risen above $2,700, with the Midwest Premium trading near $0.39, indicating further potential profitability. The global aluminum market is expected to experience a deficit of over 600,000 tonnes in 2025 due to strong demand and constrained supply, with Western inventories at multiyear lows of 49 days. The U.S. Section 232 tariffs, effective March 12, 2025, are expected to increase profitability for U.S. operations as they adjust the Midwest Premium, projected to contribute significantly to future earnings. Additionally, Century plans to improve shipments to 700,000 tonnes in 2025, supported by ongoing operational enhancements and strategic projects, including a multiyear CapEx program at Jamalco and potential restarts at Mt. Holly. Overall, Century anticipates a favorable market environment and strategic advancements to bolster its financial performance in 2025.Strong Full Year 2024 Performance
Century Aluminum generated adjusted EBITDA of $245 million for the year and $82 million for the fourth quarter, driven by strong aluminum prices and low energy costs.
Record High Alumina Prices Settled
Alumina prices reached all-time highs in late 2024, but Century Aluminum managed to mitigate costs through a financial settlement for a force majeure declared by a supplier.
Operational Success at Jamalco and Seabree
Jamalco reported the highest monthly production since its acquisition in January 2025, while Seabree delivered one of its best operational years.
Positive Impact of U.S. Section 232 Tariffs
The recent announcement by President Trump to restore Section 232 tariffs on aluminum is expected to significantly benefit Century's U.S. operations with potential increases in the Midwest Premium.
Progress on New U.S. Smelter Project
Century Aluminum made progress on a new smelter project, securing a $500 million grant from the Department of Energy, and is nearing completion of site selection and energy supply negotiations.
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CENX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CENX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 20, 2025 | $20.04 | ― | ― |
| Nov 04, 2024 | $17.54 | $21.05 | +20.01% |
| Aug 08, 2024 | $12.93 | $12.61 | -2.47% |
| May 01, 2024 | $17.35 | $16.01 | -7.72% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Century Aluminum Co (CENX) report earnings?
Century Aluminum Co (CENX) is schdueled to report earning on Apr 30, 2025, TBA Not Confirmed.
What is Century Aluminum Co (CENX) earnings time?
Century Aluminum Co (CENX) earnings time is at Apr 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CENX EPS forecast?
CENX EPS forecast for the fiscal quarter 2025 (Q1) is 0.56.
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