Century Aluminum Posts $249M Q2 Profit, Jamalco Turbine Boosts Self-Generation
CENX has more than doubled off its 52-week low of $20.91.
Summary
Century Aluminum delivered a strong Q2 with net income of $249.3M and adjusted EBITDA of $326.9M, driven by full-capacity operations at Mt. Holly and Grundartangi. Revenue hit $752.1M, and the new Jamalco turbine is now generating power, reducing energy costs. The Oklahoma AG's lawsuit to block the $4B Inola smelter remains a legal overhang, but the immediate financial picture is robust. The Q2 8-K filed August 6 already guided Q3 adjusted EBITDA to $325–345M, suggesting momentum continues.
At the time of this announcement, CENX was trading at $51.73 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $5.1B. The 52-week trading range was $20.91 to $70.43. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.