Revenue: As of FY2026 Q1, the actual value is USD 649.2 M, beating the estimate of USD 633.07 M.EPS: As of FY2026 Q1, the actual value is USD 3.23, beating the estimate of USD 1.41.EBIT: As of FY2026 Q1, the actual value is USD 381.4 M.<h4>First Quarter 2026 Financial Performance</h4>Century Aluminum Company (世纪铝业) reported net sales of $649.2 million for the first quarter of 2026, an increase of $15.5 million sequentially from $633.7 million in Q4 2025 . Gross profit for Q1 2026 was $118.8 million, up from $90.6 million in Q4 2025 . Cost of goods sold decreased to $530.4 million from $543.1 million sequentially . Operating income significantly increased to $374.0 million in Q1 2026, compared to $41.3 million in Q4 2025 .<h4>Net Income</h4>Net income attributable to Century Aluminum Company was $337.5 million for the first quarter of 2026, marking a substantial increase of $335.7 million from $1.8 million in the prior quarter . This increase was largely driven by a one-time gain of $287.9 million from the sale of Hawesville and a $33.0 million gain on insurance proceeds related to Iceland equipment failure . Adjusted net income attributable to Century Aluminum Company was $170.7 million for Q1 2026, an increase of $42.5 million sequentially from $128.2 million in Q4 2025 .<h4>Adjusted EBITDA</h4>Adjusted EBITDA attributable to Century Aluminum Company reached $231.4 million in the first quarter of 2026, an increase of $60.8 million from $170.6 million in the prior quarter . This improvement was mainly attributed to favorable realized metal prices, sales mix, and operating expenses, partially offset by unfavorable power and raw material price realization .<h4>Operational Metrics</h4>Aluminum shipments totaled 122,865 tonnes in Q1 2026, a decrease from 140,257 tonnes in Q4 2025 and 168,672 tonnes in Q1 2025 . Century Aluminum Company received $83 million in insurance proceeds to date related to the Iceland equipment failure . Key exceptional items impacting Q1 2026 results included - $48.1 million in unrealized losses on derivative instruments (net of tax), - $60.0 million related to Iceland equipment failures (net of tax), - $5.9 million from Hurricane Melissa’s impact on Jamalco, - $13.3 million in emergency energy charges at Mt. Holly, - $9.4 million for share-based compensation, - $7.5 million for Mt. Holly expansion project expenses, and a - $3.3 million Hawesville inventory write-down . The company initiated the expansion of the last 90 pots at Mt. Holly and the restart of Line 2 at Grundartangi in April 2026 .<h4>Liquidity and Cash Flow</h4>As of March 31, 2026, Century Aluminum Company’s liquidity position was $611.0 million, comprising $244.1 million in cash and cash equivalents, $88.1 million in restricted cash from the Hawesville sale, and $278.8 million in combined borrowing availability . Net cash provided by operating activities was $68.4 million in Q1 2026, compared to $72.3 million in Q1 2025 . Investing activities provided $130.2 million in Q1 2026, primarily due to $200.0 million in proceeds from the sale of Hawesville, contrasting with - $21.2 million used in Q1 2025 . Net cash used in financing activities was - $0.6 million in Q1 2026, an improvement from - $39.1 million in Q1 2025 . Cash, cash equivalents, and restricted cash at the end of the period stood at $333.6 million in Q1 2026, significantly higher than $47.7 million in Q1 2025 .<h4>Second Quarter 2026 Outlook</h4>Century Aluminum Company (世纪铝业) anticipates its second quarter Adjusted EBITDA to be between $315 million and $335 million . This outlook is primarily driven by expected higher realized LME and regional premiums, along with the ongoing expansion at Mt. Holly .

Century Aluminum | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 649.2 M