NASDAQ$CENX
Century Aluminum Company · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Reported second quarter 2023 results with increased net sales and a shift to net income.
Century Aluminum Company reported a net sales increase of 4% sequentially, reaching $575.5 million in Q2 2023, driven by higher realized aluminum prices. The company achieved a net income attributable to Century stockholders of $7.5 million, a significant improvement from the previous quarter's net loss. Adjusted EBITDA attributable to Century stockholders was $29.5 million, reflecting lower energy costs offset by unfavorable sales mix and operational spend.
- Net sales reached $575.5 million.
- Realized LME aluminum price increased to $2,371/T in Q2, up $21/T from the prior quarter.
- Input costs decreased, primarily due to reduced pricing in key energy markets.
- Strong total liquidity of $231.1 million was maintained as of June 30, 2023.
Headline financials
Revenue & EPS history
Century Aluminum · Revenue · Quarterly
$576M
Forward guidance
The company expects third quarter Adjusted EBITDA to range between $10 to $20 million based on decreased LME prices and VAP sales, partially offset by improved volume and lower raw material prices and operating costs.
Tailwinds
- Improved volume
- Lower raw material prices
- Lower operating costs
Headwinds
- Decreased LME prices
- Decreased VAP sales
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 Q2 2023
-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
| Quarter | Report date | Reaction (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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