Trade Century Aluminum - CENX CFD

About Century Aluminum Co

Century Aluminum Company is a global producer of primary aluminum and operates aluminum reduction facilities, or smelters. The Company operates in the United States and Iceland. Its primary aluminum reduction facilities produce primary aluminum products. The Company’s annual production capacity is approximately 1,016,000 tons per year (tpy). In addition, the Company owns a carbon anode production facility located in the Vlissingen, Netherlands. Carbon anodes are consumed in the production of primary aluminum. Vlissingen supplies carbon anodes to its aluminum smelter in Grundartangi, Iceland. Each of its aluminum smelters in the United States produces anodes at on-site facilities.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Century Aluminum Co revenues increased 38% to $2.21B. Net loss increased 36% to $167.1M. Revenues reflect United States segment increase of 40% to $1.41B, Iceland segment increase of 34% to $799.5M. Higher net loss reflects Net gain (loss) on forward and derivativ increase from $17.3M to $212.4M (expense), Early Extinguishment of Debt increase from $1.2M to $24.7M (expense).

Equity composition

Common Stock $.01 Par, 4/11, 195M auth., 93,094,226 issd. Insiders & Strategic holders own 42.33%. IPO 3/96, 20M shares (0 by the Co.) @ $13 by Morgan Stanley. PO 4/04, 9.5M shs (9M by the Co.) @ $24.5 by Credit Suisse First Boston. Preferred Stock Sr. A $.01 Par 5M auth., 81,255 issd.