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Investing.com -- Century Aluminum Company (NASDAQ:CENX) reported first quarter 2025 earnings that fell short of analyst expectations, sending its stock down 6.4% in after-hours trading.
The aluminum producer posted adjusted earnings per share of $0.36, missing the analyst consensus of $0.61 by $0.25. Revenue for the quarter came in at $633.9 million, surpassing estimates of $577.2 million and increasing slightly from $630.9 million in the previous quarter.
Century Aluminum shipped 168,672 tonnes of aluminum in Q1, up 1% sequentially. The company’s net income attributable to stockholders was $29.7 million, down from $45.2 million in Q4 2024. Adjusted EBITDA attributable to Century stockholders decreased to $78 million from $80.9 million in the prior quarter.
"We saw improved realized LME and regional price premiums, which partially offset higher energy prices and raw material costs," said Jesse Gary, President and CEO of Century Aluminum. "The increase in Section 232 aluminum tariffs to 25% had a positive $16.2 million impact on our results this quarter."
Looking ahead, Century Aluminum expects second quarter Adjusted EBITDA to range between $80 to $90 million, driven by increased Midwest regional premium and lower energy costs. This guidance midpoint of $85 million represents a potential improvement from Q1 results.
The company ended the quarter with $44.9 million in cash and cash equivalents and total liquidity of $339.1 million as of March 31, 2025.
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