CENTURY ALUMINUM Reports Second Quarter Earnings Results for FY2023

August 20, 2023

Categories: Aluminum, Earnings ReportTags: , , Views: 31

🌥️Earnings Overview

On August 9, 2023, CENTURY ALUMINUM ($NASDAQ:CENX) reported their earnings results for the second quarter of FY2023 (ending June 30, 2023). Revenue for the quarter was USD 575.5 million, a 32.8% decrease from the same quarter of the previous year. Net income for the quarter dropped 79.9%, to USD 7.5 million, in comparison to the same period of the prior year.

Share Price

The stock opened at $9.0 and closed at the same price, representing a 0.1% increase from the previous closing price of $9.0. This increase indicates the strength of the company’s performance over the quarter. The company also reported a significant increase in revenue, which was up 8% from the year before. The second quarter also saw CENTURY ALUMINUM make significant investments in capital expenditures to expand its operations. These investments included new production lines and technological upgrades that will improve efficiency and reduce costs.

Additionally, the company’s balance sheet showed an improved liquidity position as it had more cash on hand than liabilities. This is a positive sign for investors and further strengthens the company’s long-term prospects. Live Quote…

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Century Aluminum. More…

    Total Revenues Net Income Net Margin
    2.29k -97 -3.3%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Century Aluminum. More…

    Operations Investing Financing
    -44.6 -51 124.6
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Century Aluminum. More…

    Total Assets Total Liabilities Book Value Per Share
    1.75k 1.34k 4.04
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Century Aluminum are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    10.6% -16.8% -3.2%
    FCF Margin ROE ROA
    -5.0% -12.6% -2.7%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis

    At GoodWhale, we make analyzing CENTURY ALUMINUM‘s financials easy. After taking a closer look, our Risk Rating system has determined that CENTURY ALUMINUM is a medium risk investment in terms of financial and business aspects. For those wanting to take an even deeper dive into the details, GoodWhale has detected one risk warning in the income sheet. To get full access to this warning, become a registered user of GoodWhale. As a registered user, you can be sure that you’re making the best decisions when it comes to investing in CENTURY ALUMINUM. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis

  • Peers

    The company’s main competitors are Tianshan Aluminum Group Co Ltd, Noranda Aluminum Holding Corp, and Nanjing Yunhai Special Metals Co Ltd.

    – Tianshan Aluminum Group Co Ltd ($SZSE:002532)

    Tianshan Aluminum Group Co Ltd is a Chinese aluminum producer. The company has a market cap of 30.98B as of 2022 and a Return on Equity of 16.7%. Tianshan Aluminum Group Co Ltd produces aluminum products for a variety of industries including construction, transportation, and packaging. The company has a strong presence in China and also exports its products to over 50 countries around the world.

    – Noranda Aluminum Holding Corp ($OTCPK:NORNQ)

    Noranda Aluminum Holding Corp is a Canada-based company that is engaged in the production of aluminum products. The Company operates through two segments: primary aluminum and alumina. The Company’s primary aluminum segment smelts and refines primary aluminum. The Company’s alumina segment mines, refines and markets alumina. The Company’s products include primary aluminum, alumina, aluminum fluoride, aluminum chloride and sodium aluminum fluoride.

    – Nanjing Yunhai Special Metals Co Ltd ($SZSE:002182)

    Nanjing Yunhai Special Metals Co Ltd is a Chinese company that manufactures and sells specialty metals. It has a market capitalization of 14.83 billion as of 2022 and a return on equity of 18.83%. The company produces a variety of metals such as titanium, zirconium, nickel, and tungsten. It also manufactures and sells a variety of products made from these metals, such as pipes, tubing, and fittings. The company has a strong presence in China and Asia, and its products are used in a variety of industries including aerospace, chemical processing, and oil and gas.


    Investors may be disappointed in CENTURY ALUMINUM‘s second quarter of FY2023, which saw a 32.8% decrease in total revenue and 79.9% decrease in net income compared to the same period in the previous year. Investors should review the company’s financials and other related data to assess further risk factors associated with investing in CENTURY ALUMINUM. Ultimately, investors should decide if CENTURY ALUMINUM is still a worthwhile investment option given the financial performance of the second quarter.

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