Century Aluminum

CENX

시가총액 US$34.7억

Century Aluminum is rated Buy with a $48 price target, driven by expanded production capacity and improved liquidity post-Mt. Holly and Grundartangi ramp-ups. Q2 profitability was primarily fueled by higher aluminum prices and regional premiums, with gross margin rising to 30.3% and significant government credit support. CENX expects to maintain Q3 EBITDA near Q2 levels ($335M vs. $327M), as incremental production offsets cost pressures, though execution risks remain at Mt. Holly and Grundartangi.

Nucor and Steel Dynamics tumbled last week on the prospect of lower steel tariffs.

CENX posted a sharp Q2 profit increase as higher aluminum prices and shipments drove EBITDA to $326.9M, despite a sales miss.

Century Aluminum highlights full-capacity smelters, strong U.S. demand and Oklahoma progress as it targets a year-end investment decision.

Century Aluminum Company (CENX) Q2 2026 Earnings Call Transcript

Century Aluminum (CENX) came out with quarterly earnings of $2.39 per share, missing the Zacks Consensus Estimate of $2.4 per share. This compares to a loss of $0.05 per share a year ago.

Century Aluminum NASDAQ: CENX reported higher second-quarter shipments, sales and adjusted EBITDA as it expanded output at its Mount Holly plant and advanced the restart of a potline at its Grundartangi facility in Iceland.

CHICAGO, Aug. 06, 2026 (GLOBE NEWSWIRE) -- Century Aluminum Company (NASDAQ: CENX) today announced its second quarter 2026 results. Second Quarter 2026 Financial Results $MM (except shipments and per share data)   Q2 2026   Q1 2026   Aluminum shipments (tonnes)   130,632     122,865   Net sales $ 752.1   $ 649.2   Net income attributable to Century $ 249.3   $ 337.5   Diluted earnings per share attributable to Century $ 2.39   $ 3.23   Adjusted net income attributable to Century(1) $ 257.3   $ 170.7   Adjusted earnings per common share(1) $ 2.46   $ 1.63   Adjusted EBITDA attributable to Century(1) $ 326.9   $ 231.4             Notes:         (1)Non-GAAP measure; see reconciliation of GAAP to non-GAAP financial measures.

CENX's Q2 outlook hinges on stronger aluminum prices, but rising costs, restart expenses and commodity dependence may cloud the earnings picture.

FOX Business correspondent Lydia Hu reports on the impact of Trump administration's tariff policies on Century Aluminum, highlighting their South Carolina's plant boost to 100% capacity, adding over 100 jobs and increasing US output by 10%.