Century Aluminum Company (CENX) reported significantly higher first-quarter profit, mainly driven by a gain on the sale of its Hawesville site.
Net income attributable to Century rose to $337.5 million or $3.23 per share from $29.7 million or $0.29 per share a year earlier.
The company recorded a gain of $287.9 million from the sale of the Hawesville site. Excluding one-time items, earnings were $170.7 million or $1.63 per share.
Adjusted EBITDA attributable to Century was $231.4 million, up from $78 million last year.
Net sales increased to $649.2million from $633.9 million in the previous year.
Aluminium shipments, however, dropped to 122.865 tonnes from 168,672 tonnes last year.
Looking ahead, the company expects second-quarter adjusted EBITDA to range between $315 million and $335 million.
Century Aluminum shares rose more than 2% in after-hours trading after closing at $60.58 on Thursday.
For comments and feedback contact: editorial@rttnews.com
Business News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.