Century Aluminum Full Year 2023 Earnings: Beats Expectations
Century Aluminum (NASDAQ:CENX) Full Year 2023 Results
Key Financial Results
Revenue: US$2.19b (down 21% from FY 2022).
Net loss: US$43.1m (loss widened by 206% from FY 2022).
US$0.47 loss per share (further deteriorated from US$0.15 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Century Aluminum Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates significantly.
The primary driver behind last 12 months revenue was the United States segment contributing a total revenue of US$1.14b (52% of total revenue). Notably, cost of sales worth US$2.09b amounted to 96% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling US$74.9m were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how CENX's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Metals and Mining industry in the US.
Performance of the American Metals and Mining industry.
The company's shares are up 5.2% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 1 warning sign for Century Aluminum you should be aware of.
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