Century Aluminum reports Q4 adjusted EPS 39c, consensus 17c

Reports Q4 revenue $512.3M, consensus $477.13M. Ending cash and cash equivalents of $88.8M and liquidity of $312.5M as of December 31, 2023. “Century’s businesses performed well despite dynamic conditions in 2023, posting $120M of adjusted EBITDA for the year and advancing several strategic priorities, including our acquisition of a controlling interest in the Jamalco alumina refinery,” said Century CEO Jesse Gary. “As we enter 2024, we remain focused first and foremost on the safety of our employees and improving the communities in which we operate. We are also very encouraged by the recently announced Inflation Reduction Act Advanced Manufacturing Credits and the opportunities that this program will create for our US operations. We remain focused on executing our long-term capital programs, including completion of our Grundartangi casthouse project, and continue to operate the business in a disciplined manner during this volatile market environment.”