Century Aluminum Company announced its third-quarter 2024 financial results, reporting net sales of $539.1 million. The company achieved a net income attributable to Century stockholders of $47.3 million, translating to $0.46 per share. Adjusted EBITDA attributable to Century stockholders reached $103.7 million for the quarter.
The realized LME aluminum price for the third quarter was $2,451 per metric tonne, marking an increase of $163 per metric tonne from the previous quarter. This favorable pricing environment contributed to the company's strong performance. Century also reported cash and cash equivalents of $32.6 million and total liquidity of $278.9 million.
The company noted that global aluminum inventory levels remained near historical lows, and alumina supply was tight. Century also confirmed a $133 million Section 45X tax credit receivable as of September 30, 2024, further bolstering its financial position.
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