Century Aluminum Co (CENX) Tops Q1 EPS by 12c

Century Aluminum Co (NASDAQ: CENX) reported Q1 EPS of ($0.05), $0.12 better than the analyst estimate of ($0.17). Revenue for the quarter came in at $365.79 million versus the consensus estimate of $364.17 million.

"All operations are stable and are performing well," commented Michael Bless, President and Chief Executive Officer. "Conversion costs during the quarter were in line with expectations and remain so. Alumina pricing has, consistent with our expectations, shown a downward trend. Financial results should continue to strengthen in this market environment, given that the vast majority of our sales are based upon metal prices one to three months prior to the current month. Cash flow was impacted by a working capital adjustment related to changes in the commercial terms of a portion of our U.S. sales contracts, but was otherwise strong."

For earnings history and earnings-related data on Century Aluminum Co (CENX) click here.

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