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Century Aluminum Company  (NASDAQ: CENX)
Other Ticker:  
 
    Sector  Basic Materials    Industry Aluminum
   Industry Aluminum
   Sector  Basic Materials
 
Price: $18.0100 $-0.31 -1.692%
Day's High: $18.39 Week Perf: -5.81 %
Day's Low: $ 18.21 30 Day Perf: 9.88 %
Volume (M): 32 52 Wk High: $ 24.22
Volume (M$): $ 593 52 Wk Avg: $17.69
Open: $18.25 52 Wk Low: $11.40



 Market Capitalization (Millions $) 1,787
 Shares Outstanding (Millions) 99
 Employees 2,971
 Revenues (TTM) (Millions $) 2,310
 Net Income (TTM) (Millions $) 392
 Cash Flow (TTM) (Millions $) -43
 Capital Exp. (TTM) (Millions $) 104

Century Aluminum Company

Century Aluminum Company is a global producer of primary aluminum and operates aluminum reduction facilities, or "smelters," in the United States and Iceland. Our primary aluminum facilities produce standard grade and value-added primary aluminum products.
In addition to our primary aluminum assets, we also own a carbon anode production facility located in the Netherlands ("Vlissingen") and hold a 40% interest in Baise Haohai Carbon Co., Ltd. ("BHH"), a joint venture that owns and operates a carbon anode and cathode facility located in the Guangxi Zhuang Autonomous Region of south China. Carbon anodes are used in the production of primary aluminum and both BHH and Vlissingen currently supply carbon anodes to our smelter in Grundartangi, Iceland.

We operate our business through one reportable segment, primary aluminum. Additional information about our segment reporting and certain geographic information is available in Note 18 Business segments to the consolidated financial statements included herein.


Century Aluminum Company is a Delaware corporation with principal executive offices located at One South Wacker Drive, Suite 1000, Chicago, Illinois 60606.

Strategic Objective
Our strategic objective is to maximize the financial returns we generate for our stockholders by: (a) optimizing our safety and environmental performance; (b) improving our cost structure for our existing assets by managing costs and improving productivity and efficiency; (c) pursuing upstream investment opportunities in bauxite mining, alumina refining and the production of other key operating supplies; and (d) expanding our primary aluminum business by improving and investing in the facilities we currently own as well as constructing, investing in or acquiring additional capacity.

Primary Aluminum Facilities
Overview of Facilities
We operate three U.S. aluminum smelters, in Hawesville, Kentucky ("Hawesville"), Robards, Kentucky ("Sebree") and Mt. Holly, South Carolina ("Mt. Holly"), and one smelter in Grundartangi, Iceland ("Grundartangi"). In July 2015, we announced the permanent closure of our Ravenswood facility, located adjacent to the Ohio River near Ravenswood, West Virginia. Operation of the Ravenswood facility has been curtailed since 2009.

Grundartangi
The Grundartangi facility, located in Grundartangi, Iceland, is a primary aluminum reduction facility owned and operated by our wholly-owned subsidiary, Nordural Grundartangi ehf, and is our most modern facility. Grundartangi is currently in the process of a multi-year expansion project that has brought the annual capacity from 280,000 tonnes to current capacity of 312,000 tonnes (2015 volume) and is expected to increase annual production capacity to approximately 325,000 tonnes. Grundartangi produces standard-grade aluminum and a primary foundry alloy product, which is a value-added product that is sold at a premium to standard-grade.
Grundartangi operates under various long-term permits and agreements with the Government of Iceland, local municipalities and Faxafloahafnir sf (which operates the harbor at Grundartangi and is jointly owned by several municipalities). In connection with the expansion project, in the fourth quarter of 2015, Grundartangi received a new operating permit that allows annual production of up to 350,000 tonnes.

Hawesville
Hawesville, located adjacent to the Ohio River near Hawesville, Kentucky, is a primary aluminum reduction facility owned and operated by our wholly-owned subsidiary, Century Kentucky, Inc. ("CAKY"). Hawesville has an annual production capacity of approximately 252,000 tonnes. Hawesville is our largest U.S. smelter and the largest producer of high purity primary aluminum in North America. Four of Hawesvilles five potlines are specially configured and operated to produce high purity primary aluminum. The average purity level of primary aluminum produced by these potlines is 99.9%, compared to standard-purity aluminum which is approximately 99.7%. High purity primary aluminum is sold at a premium to standard-purity aluminum. Hawesville’s specially configured facility is also capable of providing high-conductivity metal used in electrical wire and cable products as well as for certain aerospace applications. In the fourth quarter of 2015, Hawesville curtailed approximately 60% of its capacity. At its reduced capacity, Hawesville is expected to primarily produce high-purity aluminum and provide molten metal to Glencore for ultimate delivery to local customers in 2016.

Sebree
Sebree, located adjacent to the Green River near Robards, Kentucky, is a primary aluminum reduction facility owned and operated by our wholly-owned subsidiary, Century Aluminum Sebree LLC ("Century Sebree"). Sebree has an annual production capacity of approximately 218,000 tonnes. Sebree produces standard-grade aluminum that is cast into sow and value-added products, including billet, which is a value-added product that is sold at a premium to sow. In 2015, approximately 95% of Sebrees production was value-added products.

In addition to our primary aluminum assets, we also own a carbon anode production facility located in Vlissingen, the Netherlands, and a 40% interest in BHH, a joint venture that owns and operates a carbon anode and cathode facility located in the Guangxi Zhuang Autonomous Region of south China.

Vlissingen
Vlissingen, located in Vlissingen, the Netherlands, is a carbon anode production facility owned and operated by Century Aluminum Vlissingen B.V. Production at Vlissingen, which had been curtailed by its previous owner, was restarted in late 2013 with an initial annual carbon anode production capacity of 75,000 tonnes. In 2015, we completed our project to expand its annual production capacity to 145,000 tonnes.

Baise Haohai Carbon Company, Ltd.
BHH is a carbon anode and cathode facility located in the Guangxi Zhuang Autonomous Region of south China. The facility began operations in 2008. BHH is operated as a joint venture between one of our wholly-owned subsidiaries, which owns a 40% stake in the company, and Guangxi Qiangqiang Carbon Co., Ltd., which holds the remaining 60% ownership interest and is the operator of this facility. The BHH facility has an annual carbon anode production capacity of 180,000 tonnes and an annual cathode baking and graphitization capacity of 20,000 tonnes.



   Company Address: One South Wacker Drive Chicago 60606 IL
   Company Phone Number: 696-3101   Stock Exchange / Ticker: NASDAQ CENX


Customers Net Income fell by CENX's Customers Net Profit Margin fell to

-27.12 %

6.88 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

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• View Complete Report
   



Management Announcement

Century Aluminums Resilience and Regulatory Wins Herald a Bright Future for U.S. Primary Aluminum Production

Published Thu, Oct 24 2024 8:05 PM UTC

In a twin display of operational resilience and strategic alignment with government policy, Century Aluminum is making...

Management Announcement

Resilient Recovery: Century Aluminum Rallies Back from Hurricane Beryl's Disruption,

Published Tue, Sep 17 2024 11:00 AM UTC



Century Aluminum s Resilience Shines Through Hurricane Beryl s Disruption
Introduction
In a remarkable display of operational resilience and effective disaster management, Century Aluminum has announced the resumption of normal shipping operations at Jamalco s Rocky Point port, following essential repairs necessitated by Hurricane Beryl. This development ...

Century Aluminum Company

Century Aluminum Company Reports Underwhelming Earnings for Q2 2024 Amidst Operational Challenges


Century Aluminum Company: Navigating Challenges and Future Outlook

Century Aluminum Company (NASDAQ: CENX) is one of the leading producers of primary aluminum in North America. The company's operational history has been marked by both significant achievements and notable challenges. As it prepares to report its second-quarter earnings for 2024 on August 8, 2024, Century Aluminum is facing a mix of obstacles?including recent financial losses?and opportunities, particularly concerning the recovery of its Jamalco refinery after Hurricane Beryl.

Recent Financial Performance
In the most recent fiscal period, Century Aluminum Company reported a slip into deficit, posting a loss of $-0.03 per share, in contrast to a profit of $0.07 per share recorded a year ago. Further reflecting its struggles, the company's earnings per share (EPS) declined significantly from $2.26 in the previous quarter. Revenues also showed troubling signs, decreasing by -2.522% year-over-year to $560.40 million from $574.90 million. In a somewhat positive twist, sequentially, revenue advanced by 14.484% from $489.50 million.
Interestingly, despite a decline in revenue and profit, Century Aluminum's financial narrative is one of resilience. The company logged a net deficit of $-6.700 million this fiscal period, a stark contrast to the bottom line of $6.600 million it reported in the same quarter the previous year. This shift raises questions about the factors influencing its performance and how external market trends may contribute to its recovery.

Management Announcement

Jamalco Refinery Rebounds with Full Production, Uplifting Century Aluminum's Financial Prospects and Share Price

Published Fri, Jul 12 2024 2:56 PM UTC

Jamalco Refinery Bounces Back to Full Production Following Hurricane Beryl
CHICAGO, July 12, 2024 - Century Aluminum, a leading aluminum producer, announced today that its Jamalco bauxite mining and alumina production joint venture in Jamaica has successfully resumed full operations after being impacted by Hurricane Beryl. The company reported no injuries to employees an...

Management Announcement

Century Aluminum Takes Center Stage in Tackling Unfair Trade and Bolsters Financial Performance

Published Wed, Jul 10 2024 8:31 PM UTC



In a significant move towards addressing unfair trade practices, Century Aluminum has commended the Biden Administration for its decision to strengthen regulations on aluminum imports from Mexico. This commendation comes as the administration introduces a crucial provision that seeks to curb aluminum transshipments and unfair trade from third-party countries utiliz...







Century Aluminum's Segments
Aluminum    84.52 % of total Revenue
Alumina    15.48 % of total Revenue
United States    65.28 % of total Revenue
Iceland    34.72 % of total Revenue
Related Party    59.74 % of total Revenue
Nonrelated Party    40.26 % of total Revenue
Reportable Segment    100 % of total Revenue





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