10-K · March 3, 2026
Century Aluminum (CENX) is pursuing a growth strategy focused on expanding U.S. primary aluminum capacity and decommoditizing its product mix (Natur-Al, value-added products) while preserving a strong balance sheet. Key…
Earnings analysis · 10-Q
CENX earnings analysis
Filed May 7, 2026 · Our reading of the company's report
The latest report
Century Aluminum Company reported strong Q1 2026 results with net sales of $649.2 million, surpassing estimates, and a remarkable net income attributable to stockholders of $337.5 million. The quarter showed significant…
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Century Aluminum Company reported strong Q1 2026 results with net sales of $649.2 million, surpassing estimates, and a remarkable net income attributable to stockholders of $337.5 million. The quarter showed significant improvements driven by higher metal prices and strategic transactions, with management optimistic about future growth amidst ongoing challenges.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $3.23
- Gross margin
- 18.3%
What stood out
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Revenue Increase
Net sales rose by $15.5 million from $633.7 million in Q4 2025 to $649.2 million in Q1 2026.
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Dramatic EPS Growth
Diluted EPS soared to $3.23 compared to just $0.02 in Q4 2025.
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Successful Sale of Hawesville
Completed sale of Hawesville facility for $200 million, enhancing liquidity.
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Gain from Insurance Proceeds
Received $33 million in insurance proceeds related to equipment failure.
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Improved Gross Margin
Gross profit increased by $28.2 million sequentially to $118.8 million.
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Strong Liquidity Position
As of March 31, 2026, liquidity stands at $611 million, up from $134.2 million in Q4 2025.
What to watch
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Equipment Failure Impact
Grundartangi faced a transformer failure causing production reductions, affecting revenue nearly $54 million.
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Derivatives Losses
Q1 2026 saw a net loss on forward and derivative contracts increase by $65.3 million.
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Market Volatility Risks
Fluctuations in aluminum prices, including LME which reached $3,191 per tonne, present ongoing risks.
Management's outlook
Management expects continued strong results driven by metal pricing dynamics.
Earlier filings 4
10-Q · November 6, 2025
Century Aluminum reported Q3 2025 net sales of $632.2 million, up from $539.1 million in Q3 2024, while gross profit declined to $77.3 million and operating income fell to $58.3 million. Diluted EPS was $0.15 in Q3 2025…
10-Q · August 7, 2025
Century Aluminum reported Q2 2025 net sales of $628.1 million, up $67.3 million (12.0%) versus Q2 2024, while gross profit improved to $36.2 million. Operating income rose to $20.7 million, but the company reported a…
10-Q · May 8, 2025
Century Aluminum reported a decline in Q1 2025, with revenue at $634 million, slightly higher than the previous quarter but down from $490 million in Q1 2024. The company experienced a gross margin of 9.6%, an uptick…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.