Quarterly ResultMay 7, 2026, 04:20 PM
Century Aluminum Q1 Net Income $337.5M; EPS $3.23; Hawesville Sale Gain $287.9M
AI Summary
Century Aluminum reported a significant increase in net income attributable to stockholders to $337.5 million, or $3.23 diluted EPS, for the first quarter of 2026, up from $29.7 million, or $0.29 diluted EPS, in the prior year. This substantial improvement was primarily driven by a $287.9 million gain from the sale of its Hawesville facility. Total net sales also saw a modest increase to $649.2 million. The company also noted a restatement of prior period financials related to the Jamalco joint venture consolidation method, which did not impact net income attributable to Century stockholders.
Key Highlights
- Net income attributable to Century stockholders increased to $337.5 million in Q1 2026 from $29.7 million in Q1 2025.
- Diluted EPS rose to $3.23 in Q1 2026 from $0.29 in Q1 2025.
- Total net sales increased to $649.2 million in Q1 2026 from $633.9 million in Q1 2025.
- Recognized a gain of $287.9 million from the sale of the Hawesville facility.
- Net cash provided by operating activities was $68.4 million in Q1 2026, down from $72.3 million in Q1 2025.
- Cash and cash equivalents increased to $244.1 million as of March 31, 2026, from $134.2 million at December 31, 2025.
- Sales to Glencore were $305.9 million in Q1 2026, down from $378.7 million in Q1 2025.
- Prior period financial statements were restated due to a change in Jamalco joint venture consolidation method.
Price Impact
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