Century Aluminum (CENX) FY2024 results: revenue $2.2 billion, up 1.6% on the year

Century Aluminum Co. (CENX) reported revenue of $2.2 billion for fiscal 2024, the year ended 31 December 2024, up 1.6% on the year before. Net income was $337 million, and diluted earnings per share $3.27. The figures are the company's own, from the 10-K it filed with the SEC on 3 March 2025.

Revenue

$2.2 billion

+1.6% on the year

FY2017FY2024

Operating margin

4.9%

1.3% a year earlier

FY2017FY2024

Net income

$337 million

FY2017FY2024

Diluted EPS

$3.27

FY2017FY2024

this yearthe year beforeHover a bar for its figure.

The year in brief

The four quarters: Q1 FY2024 · Q2 FY2024 · Q3 FY2024 · Q4 FY2024

Income statement (profit and loss)

$ million	FY2024	FY2023	FY2022	On the year
Revenue	2,220	2,185	2,777	+1.6%
Cost of revenue	2,048	2,098	2,731	-2.4%
Gross profit	172	87.6	46.7	+96.3%
Gross margin	7.7%	4.0%	1.7%
Selling, general and administrative	56.8	44.3	37.5	+28.2%
Operating income	108	27.5	-150	+294.2%
Operating margin	4.9%	1.3%	-5.4%
Interest expense	n/a	n/a	29.3
Pre-tax income	310	-71.1	33.4
Income tax	3.2	-14.6	47.4
Effective tax rate	1.0%	n/a	141.9%
Net income	337	-43.1	-14.1
Net margin	15.2%	-2.0%	-0.5%
Diluted EPS	$3.27	-$0.47	-$0.15

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	FY2024	FY2023	FY2022	On the year
Operating cash flow	-24.6	106	25.9
Capital expenditure	82.3	95.0	86.3	-13.4%
Free cash flow	-107	10.6	-60.4
Free cash flow margin	-4.8%	0.5%	-2.2%
Cash from investing	-80.0	-57.8	-85.5
Cash from financing	50.0	-13.0	74.4
Depreciation and amortisation	86.7	79.0	73.4	+9.7%
Share-based compensation	15.4	6.6	-0.6	+133.3%
Diluted shares, weighted	98m	92m	91m	+6.5%
Shares outstanding at period end	93m	93m	92m	+0.6%

Balance sheet

$ million	FY2024	FY2023	FY2022	On the year
Shareholders' equity	694	356	399	+95.3%
Non-controlling interest	111	148	0.0	-24.8%
Debt	528	479	528	+10.2%
Operating lease liabilities	18.7	21.9	20.9	-14.6%
Other liabilities	768	1,024	524	-25.1%
Total liabilities and equity	2,120	2,029	1,472	+4.5%
Fixed assets	1,150	1,184	744	-2.9%
Cash and equivalents	32.9	88.8	54.3	-63.0%
Receivables	75.8	53.7	66.9	+41.2%
Inventory	539	477	399	+13.0%
Other assets	322	225	208	+43.3%
Total assets	2,120	2,029	1,472	+4.5%

10-K for the year ended 31 December 2024, filed 3 March 2025: the filing.