Help Desk -
9717405332, 9599714297, 9810335381
Email
Password

Century Aluminum reports Q4 and 2018 results

Metal News - Published on Mon, 25 Feb 2019

Image Source: SteelGuru
Century Aluminum Company has announced fourth quarter and full year 2018 results.

Fourth Quarter 2018 Financial Results
Shipments of 199,466 tonnes, a 9% increase over prior quarter driven by restarts at Hawesville and Sebree
Net sales of $486.9 million, a 1% increase over prior quarter despite lower LME prices
Net loss of $65.0 million, or $(0.74) per share
Adjusted net loss of $40.7 million, or $(0.43) per share
Adjusted EBITDA of $(18.1) million driven by the historically high alumina price relative to the metal price

Full Year 2018 Financial Results
Shipments of 749,850 tonnes, a 1% increase over prior year driven by the restart at Hawesville partially offset by the temporary line loss at Sebree
Net sales of $1,893.2 million, a 19% increase over prior year
Net loss of $66.2 million, or $(0.76) per share
Adjusted net loss of $13.0 million, or $(0.14) per share
Adjusted EBITDA of $86.0 million despite the historically high alumina price relative to the metal price

Source :

Posted By : Rabi Wangkhem on Mon, 25 Feb 2019
Related News from Metal segment