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.Century Aluminum Company (世纪铝业) operates as a single reportable segment, managing its business on a consolidated basis “from mine to metal” .<h4>Segment Revenue</h4><ul><li>Total net sales for the three months ended March 31, 2026, increased to $649.2 million from $633.9 million for the same period in 2025 .</li><li>Net sales to related parties decreased to $305.9 million in 2026 from $378.7 million in 2025 .</li><li>Net sales to other customers increased to $343.3 million in 2026 from $255.2 million in 2025 .</li><li>Net sales of Aluminum were $587.9 million in 2026, compared to $535.8 million in 2025 .</li><li>Net sales of Alumina were $61.3 million in 2026, down from $98.1 million in 2025 .</li><li>Net sales attributed to the United States increased to $561.9 million in 2026 from $413.8 million in 2025 .</li><li>Net sales attributed to Iceland decreased to $87.3 million in 2026 from $220.1 million in 2025 .</li></ul><h4>Operational Metrics</h4><ul><li>Net income attributable to Century stockholders was $337.5 million for the three months ended March 31, 2026, a significant increase from $29.7 million in the prior year period .</li><li>Gross profit increased to $118.8 million in 2026 from $57.3 million in 2025, primarily driven by favorable metal price realization of $193.7 million, partially offset by increased raw material prices, unfavorable volume and sales mix, higher power prices, and increased operating costs related to the Mt. Holly restart .</li><li>Operating income for the three months ended March 31, 2026, was $374.0 million, compared to $42.8 million in 2025 .</li><li>Cost of goods sold decreased to $530.4 million in 2026 from $576.6 million in 2025 .</li><li>Selling, general and administrative expenses increased to $25.8 million in 2026 from $12.5 million in 2025, mainly due to higher share-based compensation, professional services, and annual incentive compensation .</li><li>Net loss on forward and derivative contracts - nonaffiliates increased to - $65.3 million in 2026 from - $5.4 million in 2025, primarily due to increased volume and fluctuations in forward prices related to MWP, LME, and Indiana Hub hedges .</li><li>A gain of $287.9 million was recognized from the sale of Hawesville in 2026 .</li><li>A net gain on insurance proceeds of $33.0 million was recognized in 2026, attributable to the Grundartangi equipment failure .</li><li>The IRA Section 45X tax credit resulted in a $25.0 million reduction in Cost of goods sold and a $0.7 million reduction in Selling, general and administrative expenses in 2026 .</li><li>Lower of cost or NRV inventory adjustment was $3.3 million in 2026, compared to $3.1 million in 2025 .</li><li>Property and equipment expense was - $21.6 million in 2026, compared to - $24.8 million in 2025 .</li></ul><h4>Cash Flow</h4><ul><li>Net cash provided by operating activities was $68.4 million for the three months ended March 31, 2026, consistent with $72.3 million for the same period in 2025 .</li><li>Net cash provided by investing activities was $130.2 million in 2026, compared to net cash used in investing activities of - $21.2 million in 2025, primarily due to proceeds from the sale of Hawesville and insurance proceeds for property damage .</li><li>Net cash used in financing activities decreased to - $0.6 million in 2026 from - $39.1 million in 2025, mainly due to lower net repayments on revolving credit facilities .</li><li>Free cash flow is not explicitly reported or calculated in the provided financial statements .</li></ul><h4>Unique Metrics</h4><ul><li>Average LME price per tonne increased to $3,191 in 2026 from $2,631 in 2025 .</li><li>Average MWP price per tonne significantly increased to $2,294 in 2026 from $729 in 2025 .</li><li>Average EDPP price per tonne increased to $390 in 2026 from $289 in 2025 .</li><li>Total primary aluminum shipments were 122,865 tonnes (sales of $581.6 million) in 2026, down from 168,672 tonnes (sales of $523.9 million) in 2025 .</li><li>Manufacturing credit receivable was $173.3 million (current portion) and $24.9 million (less current portion) as of March 31, 2026 .</li><li>As of March 31, 2026, current assets for the Company and Guarantor Subsidiaries combined were $888.7 million, and non-current assets were $961.8 million . Current liabilities were $318.4 million, and non-current liabilities were $619.6 million .</li></ul><h4>Future Outlook and Strategy</h4>Century Aluminum Company (世纪铝业) plans to construct a new primary aluminum smelter in Inola, Oklahoma, in a joint venture with Emirates Global Aluminium (EGA), aiming to produce 750,000 tonnes of aluminum per year, with construction expected to start by the end of 2026 . The proceeds from the sale of the Hawesville facility are intended to expand domestic primary aluminum production capacity through the restart of the Mt. Holly facility and investments in this new smelter project . The Grundartangi smelter’s idled potline restarted production in April 2026, with a return to near full production anticipated by the end of July 2026, and associated losses are expected to be covered by insurance . The Company estimates total capital spending in 2026 to be approximately $170 million to $180 million, including $70 million to $80 million for Grundartangi repairs (expected to be reimbursed by insurance), approximately $50 million for Mt. Holly restart investments, and $25 million to $30 million for the Jamalco facility . Century Aluminum Company (世纪铝业) believes its cash from operations and financing activities will be sufficient to cover operations and business needs for the next twelve months, with $244.1 million in available cash and cash equivalents, $89.5 million in restricted cash, and $278.8 million in unused credit facility availability as of March 31, 2026 . The company also has $43.7 million remaining under its stock repurchase program authorization .

Century Aluminum | 10-Q: FY2026 Q1 Revenue Beats Estimate at USD 649.2 M