Century Aluminum Reported Q4 and Full Year 2019 Results

SEATTLE (Scrap Monster): Century Aluminum Company Reported fourth quarter and full year 2019 results.

In Q4 ’19, the shipments totaled 202,870 tonnes, higher by 2% from the prior quarter, mainly driven by ongoing restart at Hawesville smelter. The net sales, at $435.5 million, were down marginally by 1% from the previous quarter. For the quarter, the company reported net loss of $4.8 million and adjusted net loss of $9 million.

For the full year 2019, the shipments totaled 811,244 tonnes, significantly higher by 8% from 2018. This was mainly aided by ongoing production restart at Hawesville and return of Sebree smelter to full production. The net sales witnessed decline by 3% to $1,836.6 million. The net loss and adjusted net loss totaled $80.8 million and $129.2 million respectively in 2019.

Michael Bless, President and Chief Executive Officer commented that all its production plants achieved excellent controllable cost control during the quarter. The company’s sales remained in good order. The operations continued to remain stable. Also, production metrics are at expected levels, he added.