Quarterly ResultMay 7, 2026, 04:13 PM
Century Aluminum Q1 Net Income $337.5M; Adjusted EBITDA $231.4M
AI Summary
Century Aluminum Company reported strong first quarter 2026 results, with net income attributable to Century surging to $337.5 million, or $3.23 diluted EPS, primarily driven by a $287.9 million gain on the sale of Hawesville and a $33.0 million gain on insurance proceeds. Adjusted EBITDA attributable to Century also increased to $231.4 million, up from $170.6 million in the prior quarter, on sequential net sales growth to $649.2 million. The company initiated expansion at Mt. Holly and restart of Grundartangi Line 2 in April 2026 and provided a positive outlook, expecting Q2 2026 Adjusted EBITDA to range between $315 million and $335 million.
Key Highlights
- Net income attributable to Century rose to $337.5 million in Q1 2026 from $1.8 million in Q4 2025.
- Diluted EPS attributable to Century increased to $3.23 from $0.02 sequentially.
- Adjusted EBITDA attributable to Century reached $231.4 million, up from $170.6 million in Q4 2025.
- Net sales increased sequentially to $649.2 million from $633.7 million.
- Reported a one-time gain on the sale of Hawesville of $287.9 million.
- Received a $33.0 million gain on insurance proceeds related to Iceland equipment failure.
- Forecasts Q2 2026 Adjusted EBITDA between $315 million and $335 million.
- Initiated expansion of Mt. Holly and restart of Grundartangi Line 2 in April 2026.