tiprankstipranks
Century Aluminum Reports Strong Q3 2024 Financial Performance
Company Announcements

Century Aluminum Reports Strong Q3 2024 Financial Performance

Don't Miss our Black Friday Offers:

The latest announcement is out from Century Aluminum ( (CENX) ).

Century Aluminum’s third quarter 2024 results reveal a net income boost to $47.3 million, driven by increased aluminum prices and tax credits, alongside a strategic advantage from its Jamalco operations. Despite a drop in net sales to $539.1 million, the company achieved an impressive $103.7 million in adjusted EBITDA. With strong liquidity of $278.9 million and favorable policy changes, Century is poised to deliver solid returns and expand its market presence.

See more insights into CENX stock on TipRanks’ Stock Analysis page.

Related Articles
TheFlyCentury Aluminum price target raised to $18 from $16 at BMO Capital
TheFlyCentury Aluminum price target raised to $24 from $22 at B. Riley
TipRanks Auto-Generated NewsdeskCentury Aluminum Reports Robust Q3 2024 Results
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App