NASDAQ$CENX

Century Aluminum Company · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Announced first quarter 2021 results, showing decreased net sales and a net loss.

Century Aluminum Company reported a net loss of $(140.0) million for Q1 2021, with net sales of $444.0 million. The results were negatively impacted by $87.4 million of exceptional items, including $92.7 million of unrealized losses on forward derivative contracts. Adjusted EBITDA was $(19.7) million, primarily driven by higher power prices.

  • Shipments of 195,697 tonnes.
  • Net sales of $444.0 million.
  • Net loss of $(140.0) million, or $(1.55) per share.
  • Adjusted net loss of $(52.5) million, or $(0.54) per share.

Headline financials

Total Revenue

$444M

Previous: $421M+5.4%
EPS (adj)

-$0.54

Previous: $0.01-5500.0%
Primary Aluminum Shipments

195.7K

Previous: 202.9K-3.6%
Capital Expenditures

-$7.4M

Previous: -$6M-23.3%
Free Cash Flow

-$147M

Previous: -$8.7M-1594.3%
Net Income

-$140M

Previous: -$2.7M-5085.2%
Operating Income

-$36.9M

Previous: -$4.4M-738.6%
Gross Profit

-$20.7M

Previous: $4.8M-531.3%
Cash & Equivalents

$26.3M

Previous: $148M-82.2%
Total Assets

$1.36B

Previous: $1.59B-14.3%

Revenue & EPS history

Century Aluminum · Revenue · Quarterly

$444M

Q1 2021+5.4%vs Q1 2020
Beat estimate in 6 of 16 quarters(38%)
ActualEstimate

Forward guidance

Industry conditions have continued to improve, reflecting the pace and level of general manufacturing activity. The global primary aluminum market is in balance, and global inventories continue to fall. The availability of prompt metal units in our key markets remains constrained, driven by robust demand and the limited global capacity additions. The outlook for the industry remains uniformly healthy.

Tailwinds

  • Industry conditions have continued to improve, reflecting the pace and level of general manufacturing activity.
  • The global primary aluminum market is in balance.
  • Global inventories continue to fall.
  • The availability of prompt metal units in our key markets remains constrained, driven by robust demand and the limited global capacity additions.
  • The outlook for the industry remains uniformly healthy.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

-1.7%

Avg return

Earnings day

+1.5%

Avg return

5 days after

+1.6%

Avg return

30 days after

42%

27 / 64 earnings

Positive

+22.2%

Q3 2024

Best reaction

-37.7%

Q2 2015

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-3.2%+6.2%-0.9%
Q4 2025+0.2%+1.0%-6.7%
Q3 2025+14.1%+2.0%+7.2%
Q2 2025+1.5%+5.2%-2.4%
Q1 2025-2.0%+8.6%+23.5%
Q4 2024-13.3%-3.2%-3.6%
Q3 2024+22.2%+28.3%+38.0%
Q1 2024-6.2%+0.3%+5.6%
Q4 2023+0.4%-1.9%+29.5%
Q3 2023+1.8%+3.4%+21.4%
Q2 2023-8.5%-10.0%-21.3%
Q1 2023-5.9%-11.5%+4.8%
Q4 2022+2.0%+15.7%-14.0%
Q3 2022+8.2%+30.2%+10.9%
Q2 2022+21.5%+23.3%-2.5%
Q1 2022-14.4%-22.4%-37.2%
Q4 2021+7.4%+23.1%+32.4%
Q3 2021-1.3%+4.8%+0.1%
Q2 2021-26.7%-24.0%-14.8%
Q1 2021-10.7%-5.5%-24.6%
Q4 2020+2.4%+6.4%+28.5%
Q3 2020-2.4%+7.4%+54.3%
Q2 2020+10.3%+13.2%+2.6%
Q1 2020-2.8%+5.3%+27.4%
Q4 2019+7.6%+3.2%-47.0%
Q3 2019+14.1%+20.2%-0.6%
Q2 2019-2.4%-4.6%-23.4%
Q1 2019-7.6%-2.3%-32.0%
Q4 2018+0.9%+1.9%-9.6%
Q3 2018-14.1%-12.9%-2.0%
Q2 2018+2.3%-0.2%-1.5%
Q1 2018-10.4%-6.6%+7.5%
Q4 2017-7.9%-12.9%-26.6%
Q3 2017+0.4%-7.4%-9.7%
Q2 2017-20.1%-18.6%+23.2%
Q1 2017+17.3%+8.0%+17.4%
Q4 2016-6.8%-2.7%-18.5%
Q3 2016-3.5%-5.4%+37.3%
Q2 2016+6.2%-5.3%-9.7%
Q1 2016-4.2%
Q4 2015+13.5%
Q3 2015-12.6%
Q2 2015-37.7%
Q1 2015+11.4%
Q4 2014-12.5%
Q3 2014+3.4%
Q2 2014+1.3%
Q1 2014-0.4%
Q4 2013-1.5%
Q3 2013+6.8%
Q2 2013-14.9%
Q1 2013-3.2%
Q4 2012-4.9%
Q3 2012+11.5%
Q2 2012-7.7%
Q1 2012-2.9%
Q4 2011+0.2%
Q3 2010-6.4%
Q3 2011-6.4%
Q2 2011+7.1%
Q2 2010-5.1%
Q1 2010-5.1%
Q1 2011-5.1%
Q4 2010-1.2%

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