Company: CENX
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000949157-25-000035
Chunk: 50

Company: CENTURY ALUMINUM CO
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 50
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.5 Selling, general and administrative expenses12.5 14.8 12.5 14.1 Net (loss) gain on forward and derivative contracts - nonaffiliates(5.4)2.7 (5.4)3.4 Net (loss) gain on forward and derivative contracts - affiliates— (0.1)— 4.0 Bargain purchase gain— — — 245.9 Income tax expense(1.6)(0.2)(1.6)(0.5)Net income25.7 40.4 25.7 244.7 Net loss attributable to noncontrolling interests(4.0)(4.8)(4.0)(2.1)Net income attributable to Century stockholders29.7 45.2 29.7 246.8 

SHIPMENTS - PRIMARY ALUMINUM(1)United StatesIcelandTotalTonnesSales $(in millions)TonnesSales $(in millions)TonnesSales $ (in millions)20251st Quarter94,601 $306.6 74,071 $217.3 168,672 $523.9 20244th Quarter89,613 $267.4 77,064 $215.2 166,677 $482.6 1st Quarter97,602 258.1 77,025 189.5 174,627 447.6 

(1)Excludes scrap aluminum sales, purchased aluminum and alumina sales.

Net sales

Net sales increased by $3.0 million for the three months ended March 31, 2025, compared to the three months ended December 31, 2024, primarily driven by realized LME and regional price premiums of $35.6 million and favorable volume and sales mix of $11.3 million, partially offset by a decrease in third-party alumina sales of $44.5 million.

Net sales increased by $144.4 million for the three months ended March 31, 2025, compared to the three months ended March 31, 2024, primarily driven by favorable realized LME and regional price premiums of $91.1 million and an increase in third-party alumina sales of $58.0 million, partially offset by unfavorable volume and sales mix of $4.7 million. 

Gross profit

Gross profit decreased by $