Century Aluminum Q2 adjusted EBITDA slightly beats on favorable metal prices, sales mix
CENX•Result drivers
- Higher metal prices and shipments - Co said increased realized metal prices and higher shipments from Mt. Holly expansion and Grundartangi restart drove sequential sales growth
- Favorable power prices - Co cited improved weather conditions in the U.S. as leading to favorable power price realization
- Insurance proceeds - Gain on insurance proceeds related to Iceland equipment failure contributed to results
Quarterly results
- U.S. aluminum smelter's Q2 sales rose sequentially but missed analyst expectations
- Q2 adjusted EBITDA slightly beat analyst expectations, driven by favorable metal prices and sales mix
| Metric | Beat/Miss | Actual | Consensus Estimate |
| Q2 Sales | Miss | $752.10 mln | $830.50 mln (3 Analysts) |
| Q2 Adjusted EPS | Beat | $2.46 | $2.30 (2 Analysts) |
| Q2 EPS | $2.39 | ||
| Q2 Net Income | $249.30 mln | ||
| Q2 Adjusted EBITDA | Slight Beat* | $326.90 mln | $326.86 mln (3 Analysts) |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
