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Why Century Aluminum (CENX) is a Top Momentum Stock for the Long-Term
Zacks Investment Research· 2024-05-07 22:56
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.It also includes access to the Zacks Style Scores.What are the Zacks Style Scores?The Zacks Style Score ...
Looking for a Fast-paced Momentum Stock at a Bargain? Consider Century (CENX)
Zacks Investment Research· 2024-05-06 21:51
Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage -- "buy low and sell high." Investors following this investing style typically avoid betting on cheap stocks and waiting long for them to recover. They believe instead that one could make far more money in lesser time by "buying high and selling higher."Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves a ...
Century Aluminum(CENX) - 2024 Q1 - Earnings Call Transcript
2024-05-02 03:38
财务数据和关键指标变化 - 第一季度全球发货量约175,000吨,较上一季度略有增加 [29] - 实现价格较上一季度下降,主要由于增值产品和区域交付溢价下降 [29] - 调整后EBITDA为2500万美元,较上一季度下降3200万美元,主要由于第四季度确认了全年2023年45X税收抵免,而本季度只确认了1个季度的抵免 [30] - 完成Jamalco收购的购买会计,记录了2.46亿美元的廉价收购收益 [31] - 维持302百万美元的强劲流动性,包括93百万美元现金和209百万美元可用信贷额度 [31] 各条业务线数据和关键指标变化 - Jamalco炼厂在3月份恢复盈利,团队正在继续推动效率和运营改善 [13] - 冰岛Grundartangi工厂由于电力限制,一季度产量有所下降,但已于4月底恢复正常 [23] - 冰岛Grundartangi工厂已成功生产出第一批绿色铸坯,并将在二三季度完成客户认证,四季度开始正常商业销售 [24] 各个市场数据和关键指标变化 - 一季度LME价格和区域溢价整体保持平衡,但4月份需求改善推动价格大幅上涨 [9] - 欧洲溢价在一季度上涨近50% [9] - 印度等地的生产中断导致市场供应偏紧 [10][11] - 美国和英国宣布对俄罗斯铝及其他金属实施新制裁,禁止4月13日后生产的俄罗斯金属进口 [15][16] - 墨西哥对多国铝产品加征20%-35%的关税,预计将支持美国交付和增值产品溢价 [17] 公司战略和发展方向及行业竞争 - 公司正在建设一座250万磅的二次铸坯联合厂,与MX Holdings合资,预计2026年投产,成为美国最大的二次铸坯厂 [43][44][45][46][47] - 公司宣布计划在美国建设一座新的绿色铝冶炼厂,将获得美国能源部500百万美元的拨款支持,预计将创造1000多个直接就业岗位 [48][49][50][51][52][53] - 公司认为这些项目将满足美国日益增长的对低碳和军工级初级铝及增值产品的战略需求 [48][49] 管理层对经营环境和未来前景的评论 - 管理层对市场前景持乐观态度,认为全球库存处于金融危机后的低位,需求正在改善 [9][14] - 管理层认为公司在美国的生产基地和客户群为公司带来了优势,有助于满足客户对稳定供应链的需求 [41][42][80] - 管理层表示公司有足够的现金流支持新项目,无需考虑通过股权融资 [128][129] 问答环节重要的提问和回答 问题1 **Lucas Pipes 提问** 询问冰岛新铸坯项目在二季度的产能和盈利情况 [57][58][59][60][61] **Jesse Gary 回答** 二季度和三季度产量较小,主要为客户试用,四季度开始大规模商业销售,一季度将达到满产 [58][59][60][61] 问题2 **Katja Jancic 提问** 询问新建绿色铝冶炼厂的总投资规模 [74][75] **Jesse Gary 回答** 新建铝冶炼厂将是一个数十亿美元级别的大型项目 [82] 问题3 **Timna Tanners 提问** 询问为何选择新建铝冶炼厂而不是重启现有产能 [101][102][103][104][105][106] **Jesse Gary 回答** 新建厂将具有一流的成本优势,同时公司也计划发展二次铝业务,计划为客户提供初级和二次铝产品组合 [104][105][106]
Century Aluminum(CENX) - 2024 Q1 - Quarterly Report
2024-05-01 20:02
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _______. Commission file number 001-34474 Century Aluminum Company (Exact name of registrant as specified in its charter) Delaware 13-307082 ...
Century Aluminum(CENX) - 2024 Q1 - Quarterly Results
2024-05-01 20:00
Exhibit 99.1 Century Aluminum Company Reports First Quarter 2024 Results Chicago, May 1, 2024 (GLOBE NEWSWIRE) -- Century Aluminum Company (NASDAQ: CENX) today announced its first quarter 2024 results. Business Highlights • Net sales of $489.5 million • Realized LME aluminum price of $2,190/T in first quarter is up $8/T from prior quarter • Reported net income attributable to Century stockholders of $246.8 million and adjusted EBITDA attributable to Century stockholders of $25.0 million1 • Cash and cash equ ...
2 Stocks to Benefit From New Sanctions on Russian Aluminum
MarketBeat· 2024-04-23 18:20
制裁对俄罗斯金属市场的影响 - 美国财政部和英国宣布对俄罗斯铝、铜和镍实施新制裁,禁止进口到美国,并限制芝加哥商品交易所和伦敦金属交易所对俄罗斯金属的新供应[1] - 俄罗斯生产的铝和铜分别占全球产量的5%和4%,这一消息导致铝和铜价格达到两年来的最高点[1] - 由于供应受限,铝和铜价格飙升至14个月来的最高点,这主要有利于Alcoa,因为铝价上涨。这也可能提高Alcoa铝在之前依赖俄罗斯铝的地区的需求[7] 美英新禁令对俄罗斯金属市场的继续影响 - 美国财政部和英国发布了两项新禁令,禁止进口俄罗斯铝、铜和镍,以及限制芝加哥商品交易所和伦敦金属交易所接受俄罗斯金属的新供应[2] - 美国和英国的目标是继续破坏俄罗斯通过出口铝、铜和镍获取收入,以减少俄罗斯继续资助乌克兰战争的能力[3] - 美国财政部部长珍妮特·耶伦表示,与英国合作的新禁令将继续针对俄罗斯获取收入以继续对抗乌克兰的行为。此举将减少俄罗斯的收入,同时保护盟友免受不良影响[4] Alcoa和Century Aluminum的业绩和发展 - Alcoa报告了2024年第一季度每股亏损81美分,营收同比下降2.7%至26亿美元,超过了25.5亿美元的分析师预期。公司已启动出售西班牙San Ciprian综合体的流程[8] - Alcoa首席执行官威廉·奥普林格强调了其对Alumina收购的即时好处。公司需要获得澳大利亚和巴西的政府批准,并预计在2024年第三季度完成交易[9] - Century Aluminum是Alcoa的主要竞争对手,也是铝和铝制品的垂直一体化生产商。公司获得了美国能源部高达5亿美元的资金,用于建设新的铝电解厂[11] - Century Aluminum是Alcoa的较小竞争对手,报告了2023年第四季度每股收益39美分,超出分析师预期。公司将2024年第一季度调整后的EBITDA指导范围为500万至1500万美元[12]
Century Aluminum Sets Date for First Quarter 2024 Earnings Announcement
Newsfilter· 2024-04-19 04:30
CHICAGO, April 18, 2024 (GLOBE NEWSWIRE) -- Century Aluminum Company (NASDAQ:CENX) will report first quarter 2024 earnings on Wednesday, May 1, 2024 before market open. The news release will be issued through GlobeNewswire. The company will hold a follow-up conference call on Wednesday, May 1, 2024 at 11:00 a.m. Eastern time. The earnings call will be webcast live on the Century Aluminum Company website, located at www.centuryaluminum.com. Plan to begin the registration process at least 10 minutes before th ...
Why Century Aluminum Stock Is Surging Higher Today
The Motley Fool· 2024-04-16 01:19
Geopolitical tensions could create new opportunities for this U.S. producerA new round of sanctions against Russian metal supplies is reverberating through global markets on Monday. Shares of Century Aluminum (CENX 8.86%), the largest U.S. aluminum supplier, traded up 10% as of midday as investors try to determine the ramifications of the latest geopolitical maneuvers.A political squeeze on Russian metalsOn Friday, the United States and the United Kingdom opened a new front in the economic battle against Ru ...
Why Is Century (CENX) Up 23.5% Since Last Earnings Report?
Zacks Investment Research· 2024-03-23 00:36
A month has gone by since the last earnings report for Century Aluminum (CENX) . Shares have added about 23.5% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Century due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Century Aluminum’s Q4 Earnings Beat Estimates, Sa ...
Century Aluminum(CENX) - 2023 Q4 - Annual Report
2024-03-15 00:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED DECEMBER 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-34474 CENTURY ALUMINUM COMPANY (Exact name of registrant as specified in its charter) Delaware 13-3070826 (State or other jurisdiction of incorporation or organization) (IRS Empl ...