Welcome to our dedicated page for Century Alum Co news (Ticker: CENX), a resource for investors and traders seeking the latest updates and insights on Century Alum Co stock.
Century Aluminum Co (CENX) maintains this comprehensive news hub for tracking official announcements and market developments. Access verified press releases and financial updates from the integrated aluminum producer with facilities across North America and Europe.
This resource provides investors and industry professionals with critical updates including quarterly earnings reports, production capacity changes, strategic partnerships, and sustainability initiatives. All content is vetted for accuracy and updated as new developments emerge.
Key coverage areas include smelting operations optimization, low-carbon production advancements, raw material supply chain updates, and leadership announcements. Users can monitor both domestic US operations and international projects through this centralized platform.
Bookmark this page for direct access to Century Aluminum's official communications, including regulatory filings and material event disclosures. Combine with our market analysis tools for complete aluminum sector insights.
DTE has secured a $1.85 million contract with Nordural, a subsidiary of Century Aluminium Company (CENX), for its advanced real-time chemical composition analysis solution at a new low-carbon billet casthouse in Iceland. This initiative aims to enhance operational efficiencies, minimize emissions, and reduce analysis costs. The casthouse will produce 150,000 tonnes of billets annually and is expected to start production in Q1 2024. The project represents a $120 million investment, creating approximately 130 jobs and responding to rising demand for low-carbon aluminium products.
Century Aluminum Company (CENX) is scheduled to report its third quarter 2022 earnings on November 7, 2022, after market close. The earnings release will be distributed via GlobeNewswire.
A follow-up conference call will occur on the same day at 5:00 p.m. Eastern time, available for live webcast on the company’s official website. A replay will be accessible approximately two hours post-call.
Century Aluminum Company (NASDAQ: CENX) reported its second-quarter 2022 results, highlighting a 1% increase in shipments and a 14% rise in net sales sequentially, driven by higher aluminum prices. The company achieved a net income of $37.4 million, though adjusted net income dropped to $30.4 million due to exceptional items. Liquidity improved by $71 million to $225.6 million, supported by an extended credit facility. Notably, the Hawesville plant faced a curtailment due to high energy costs. Century aims to enhance competitiveness amid rising global energy prices.
Century Aluminum Company (NASDAQ: CENX) has appointed Gerald “Jerry” Bialek as the new Executive Vice President and Chief Financial Officer, effective August 22, 2022. Bialek brings significant experience from his previous roles at Cooper Tire & Rubber Company and Ford Motor Company. CEO Jesse Gary highlighted Bialek's expertise in driving growth in industrial manufacturing as a key asset for the company. Century Aluminum, headquartered in Chicago, owns primary aluminum production facilities in the U.S. and Iceland.
Century Aluminum Company (NASDAQ: CENX) is set to announce its second quarter 2022 earnings after market close on August 9, 2022. The announcement will be distributed via GlobeNewswire. Following the release, a conference call is scheduled for the same day at 5:00 p.m. Eastern time, which will be available for live streaming on the company's website. Investors can expect access to a replay of the call approximately two hours post-event.
Century Aluminum Company (CENX) announced the temporary idling of its Hawesville, Kentucky smelter due to soaring energy costs, expected to last 9-12 months. This decision affects over 600 employees who were notified under the WARN Act. The company cited a tripling of energy costs linked to the global energy crisis exacerbated by the war in Ukraine. Century Aluminum remains committed to exploring options to mitigate the idling and believes energy prices will stabilize in the coming year, emphasizing the smelter's strategic importance in U.S. national security.
Century Aluminum Company (NASDAQ: CENX) reported Q1 2022 results with shipments up 5% to 211,411 tonnes and net sales rising 14% to $753.6 million, driven by higher aluminum prices and volume. Net income fell to $17.7 million, impacted by $42.3 million in exceptional items, while adjusted net income rose to $60.7 million. Adjusted EBITDA increased to $105.5 million. The company's liquidity improved to $154.3 million. President Jesse Gary emphasized strong demand in core markets despite inflationary pressures in energy and raw materials.
Century Aluminum Company (NASDAQ: CENX) is set to release its first quarter 2022 earnings on April 28, 2022, post-market. The earnings announcement will be available through GlobeNewswire.
A conference call is scheduled for the same day at 5:00 p.m. Eastern Time, allowing investors to gain insights into the company’s performance. The call will be webcast live on the company's official website, with a replay available shortly after the event.
Verra Mobility (NASDAQ: VRRM) has appointed Craig Conti as the new Executive Vice President and Chief Financial Officer, effective April 11, 2022. Conti, with over 23 years of financial management experience, previously served as CFO of Century Aluminum (NASDAQ: CENX). He replaces Patricia Chiodo, who is retiring after seven years, but will assist in the transition for 90 days. Conti will manage Financial Planning, Treasury, Accounting, and Investor Relations, aiming to enhance shareholder returns and drive growth.
Century Aluminum Company (NASDAQ: CENX) announced that its subsidiary, Nordural Grundartangi ehf, signed a Letter of Intent with Ocean GeoLoop for a carbon capture project at the Grundartangi plant in Iceland. This initiative aims to reduce Iceland's carbon emissions by approximately 10% through the deployment of Ocean GeoLoop's innovative carbon capture technology coupled with a horizontal hydropower unit for self-energization. Nordural strives to become a carbon-neutral aluminum producer, further enhancing its already low CO₂ footprint.
