Earnings Call Summary | Century Aluminum(CENX.US) Q1 2024 Earnings Conference
Earnings Call Summary | Century Aluminum(CENX.US) Q1 2024 Earnings Conference
The following is a summary of the Century Aluminum Company (CENX) Q1 2024 Earnings Call Transcript:
以下是世紀鋁業公司（CENX）2024年第一季度業績電話會議記錄的摘要：
Financial Performance:
財務業績：
Century Aluminum reported an adjusted EBITDA of $25 million driven by strong operational performance.
Despite reduced realized prices, the company achieved $490 million in net sales.
The first quarter saw the finalization of Jamalco acquisition accounting with a recorded bargain purchase gain of $246 million.
Estimated Q2 EBITDA is expected to range between $25 million to $35 million.
Energy curtailment affected Q1 financial performance, however, this issue is expected to be resolved in Q2.
An anticipated Q2 expense is a $10 million cost due to pot relining.
Preliminary estimates for Q2 results lie in the range of $75 million to $85 million due to increased LME prices and lagging customer volumes.
The company is prioritizing debt reduction to strengthen their balance sheet.
世紀鋁業報告稱，受強勁的運營業績推動，調整後的息稅折舊攤銷前利潤爲2500萬美元。
儘管已實現價格下降，但該公司的淨銷售額仍達到4.9億美元。
第一季度完成了Jamalco的收購賬目，創紀錄的低價收購收益爲2.46億美元。
預計第二季度息稅折舊攤銷前利潤將在2500萬美元至3500萬美元之間。
能源削減影響了第一季度的財務業績，但是，這個問題預計將在第二季度得到解決。
第二季度的預計支出爲1000萬美元，這是由於底池重新鋪設而造成的。
由於倫敦金屬交易所價格上漲和客戶量滯後，第二季度業績的初步估計在7500萬美元至8500萬美元之間。
該公司將減免債務作爲優先事項，以加強其資產負債表。
Business Progress:
業務進展：
Significant progress was made in Q1 with the launch of new initiatives including the construction of a new secondary billet casthouse and a green aluminum smelter.
The size of the existing U.S. industry is expected to nearly double with the construction of the smelter.
Operations across smelters remained efficient despite energy restrictions.
The company is focused on advancing large projects including a green aluminum smelter and a new casthouse.
The company plans to make an investment decision for the casthouse project in Q2 and Q3 and anticipates minimal cash input requirements in 2024.
Progress is being made in the selection of a site for the green smelter project and securing an energy contract, with total capital expenditure expected to reach the multibillion-dollar range.
A strategical focus is placed on filling the expanding US market with production.
Normal operations are anticipated for the Jamalco plant in Q2 with possible restart of the Mt. Holly plant.
隨着新舉措的啓動，第一季度取得了重大進展，包括建造新的二級鋼坯鑄造廠和綠色鋁冶煉廠。
隨着冶煉廠的建成，美國現有工業的規模預計將增加近一倍。
儘管存在能源限制，但冶煉廠的運營仍然高效。
該公司專注於推進大型項目，包括綠色鋁冶煉廠和新的鑄造廠。
該公司計劃在第二季度和第三季度爲鑄造廠項目做出投資決定，並預計2024年將達到最低現金投入要求。
在爲綠色冶煉廠項目選擇場地和簽訂能源合同方面正在取得進展，總資本支出預計將達到數十億美元左右。
戰略重點是爲不斷擴大的美國市場提供產量。
預計Jamalco工廠將在第二季度正常運營，Mt可能重啓。冬青植物。
More details: Century Aluminum IR
更多詳情： 世紀鋁業紅外線
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。