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CHICAGO - Century Aluminum Company (NASDAQ:CENX), a leading producer of primary aluminum with a market capitalization of $1.77 billion, has announced the appointment of Peter Trpkovski as its new Executive Vice President and Chief Financial Officer. Trpkovski, who has been with the company for 12 years, will also continue his role as Century’s Treasurer. The appointment comes as the company demonstrates strong momentum, with InvestingPro data showing an impressive 59% stock return over the past year and a 41% gain in the last six months.
Trpkovski succeeds Jerry Bialek following a planned transition and is expected to leverage his extensive experience within Century to advance the company’s strategic initiatives and strengthen its financial operations. His appointment is seen as a move to ensure continuity and steady leadership aimed at driving superior performance in the upcoming years. According to InvestingPro analysis, Century maintains a healthy financial position with a "GOOD" overall financial health score and trades at an attractive P/E ratio of 5.6x, suggesting potential undervaluation relative to its Fair Value.
Jesse Gary, President and CEO of Century Aluminum, expressed confidence in Trpkovski’s capabilities, citing his extensive knowledge of the company’s operations and a proven track record of success. Gary anticipates that Trpkovski’s expertise and leadership will be instrumental in supporting Century’s long-term success.
Prior to his tenure at Century, Trpkovski held roles at Citigroup and Johnson Controls, bringing a wealth of experience in finance and engineering. He is an alumnus of the University of Michigan, holding both a Bachelor of Science in Engineering and a Master of Business Administration in Finance.
Century Aluminum operates production facilities in the United States, Iceland, the Netherlands, and Jamaica, and is recognized as the largest producer of primary aluminum in the U.S. With revenue of $2.22 billion in the last twelve months and analysts forecasting profitability this year, the company shows promising fundamentals. For deeper insights into Century Aluminum’s performance and outlook, investors can access comprehensive analysis and additional ProTips through InvestingPro’s detailed research reports, available for over 1,400 US stocks.
This announcement is based on a press release statement and contains forward-looking statements that involve risks and uncertainties. The company cautions that actual results could differ materially from those projected due to various factors detailed in their filings with the Securities and Exchange Commission. Investors and the media are advised not to place undue reliance on these forward-looking statements, which are based on current expectations and assumptions.
In other recent news, Century Aluminum Company reported its fourth-quarter 2024 earnings, revealing revenue of $631 million, which significantly exceeded the anticipated $514.27 million. However, the company’s earnings per share (EPS) fell short of expectations, coming in at $0.49 compared to the forecasted $0.59. Century Aluminum also announced a new U.S. smelter project, which is expected to potentially double the industry’s size. In response to recent trade measures, BMO Capital Markets upgraded Century Aluminum’s stock rating from Market Perform to Outperform, with a price target set at $22.00. The analyst from BMO Capital highlighted favorable Midwest Premium and aluminum prices as key factors for the upgrade. Additionally, President Donald Trump’s announcement of an increased tariff on Canadian aluminum imports has led to a surge in the U.S. Midwest duty-paid aluminum premium. These developments suggest a positive outlook for Century Aluminum, as analysts and market conditions appear favorable for the company’s growth and profitability.
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