Overview

* Century Aluminum ( CENX ) Q3 net sales slightly beat analyst expectations

* Adjusted EPS for Q3 missed analyst expectations

* Adjusted EBITDA for Q3 missed analyst expectations

Outlook

* Century expects Q4 Adjusted EBITDA between $170 mln and $180 mln

Result Drivers

* MIDWEST PREMIUM - Higher realized Midwest Premium drove net sales increase, partially offset by unfavorable volume and sales mix

* DERIVATIVE LOSSES - Unrealized losses on derivative instruments impacted net income negatively

* MT HOLLY COSTS - Increased labor costs associated with Mt. Holly restart project affected profitability

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Sales Slight $632.20 $625.97

Beat* mln mln (3

Analysts

)

Q3 Miss $0.56 $0.84 (2

Adjusted Analysts

EPS )

Q3 EPS $0.15

Q3 Net $14.90

Income mln

Q3 Miss $101.10 $115.57

Adjusted mln mln (3

EBITDA Analysts

)

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the aluminum peer group is "buy"

* Wall Street's median 12-month price target for Century Aluminum Co ( CENX ) is $34.00, about 15.7% above its November 5 closing price of $28.65

* The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)