v3.26.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Net sales        
Total net sales $ 752.1 $ 628.1 $ 1,401.3 $ 1,262.0
Cost of goods sold [1] 524.2 594.5 1,054.6 1,171.1
Gross profit 227.9 33.6 346.7 90.9
Selling, general and administrative expenses 15.9 14.0 41.7 26.5
Gain on the sale of Hawesville 0.0 0.0 (287.9) 0.0
Other operating expenses - net 0.4 1.5 7.3 3.5
Operating income 211.6 18.1 585.6 60.9
Interest income 4.4 1.9 7.5 3.7
Gain on insurance proceeds - net 40.1 0.0 73.1 0.0
Other income (loss) - net 3.8 (5.7) (1.7) (9.1)
Income (loss) before income taxes 256.9 (13.0) 585.7 11.0
Income tax (expense) benefit (12.1) 1.3 (13.9) (0.3)
Equity in losses of unconsolidated subsidiaries (1.0) 0.0 (1.0) 0.0
Net income (loss) 243.8 (11.7) 570.8 10.7
Net loss attributable to noncontrolling interests (5.5) (7.1) (16.0) (14.4)
Net income (loss) attributable to Century stockholders 249.3 (4.6) 586.8 25.1
Less: net income allocated to participating securities 0.0 0.0 0.0 1.3
Net income (loss) allocated to common stockholders $ 249.3 $ (4.6) $ 586.8 $ 23.8
Net income (loss) attributable to Century stockholders per common share:        
Basic (in dollars per share) $ 2.52 $ (0.05) $ 5.93 $ 0.26
Diluted (in dollars per share) $ 2.39 $ (0.05) $ 5.62 $ 0.25
Weighted-average common shares outstanding:        
Basic (in shares) 99.0 93.3 99.0 93.3
Diluted (in shares) 104.8 93.3 104.7 94.6
Related Party        
Net sales        
Total net sales $ 330.9 $ 367.6 $ 636.8 $ 746.3
Cost of goods sold 104.3 51.8 168.5 140.1
Interest expense (0.6) (1.9) (1.2) (3.7)
Nonrelated Party        
Net sales        
Total net sales 421.2 260.5 764.5 515.7
Interest expense (9.5) (9.8) (19.4) (19.8)
Net gain (loss) on forward and derivative contracts - nonaffiliates $ 7.1 $ (15.6) $ (58.2) $ (21.0)
[1]
(1) Purchases from related party were $104.3 million and $51.8 million for the three months ended June 30, 2026 and 2025, respectively. Purchases from related party were $168.5 million and $140.1 million for the six months ended June 30, 2026 and 2025, respectively.