CENX Century Aluminum Company featured news, full reports, and detailed charts
Century Aluminum Company (CENX) Wrap Up:
We produce primary aluminum. Aluminum is an internationally traded commodity, and its price is effectively determined on the London Metal Exchange (“LME”). Our primary aluminum facilities produce value-added and standard-grade primary aluminum products. In 2004, we acquired Nordural, an Icelandic primary aluminum facility which became our first production facility located outside of the United States. We produced approximately 767,000 metric tons of primary aluminum in 2007 with net sales of approximately $1.8 billion. Our current primary aluminum production capacity is 785,000 metric tons per year (“mtpy”), after the completed expansion of our Grundartangi facility to 260,000 mtpy (“Phase V expansion”) in the fourth quarter of 2007. We are seeking approval to construct a primary aluminum facility in Helguvik, Iceland. Our goal for this facility is to begin operations in late 2010 with an initial production capacity of 150,000 mtpy. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f02%2f29%2f0000949157-08-000008.html#FIS_BUSINESS"Century Aluminum Co. (CENX:NASDAQ)
Snapshot of Century Aluminum Co. (CENX)
|
OPEN
$9.58
|
PREVIOUS CLOSE
$9.75
|
|
|
DAY HIGH
$9.89
|
DAY LOW
$9.56
|
|
|
52 WEEK HIGH
01/6/09 - $12.80
|
52 WEEK LOW
03/9/09 - $1.04
|
|
|
MARKET CAP
915.1M
|
AVERAGE VOLUME 3 mo
3.9M
|
|
|
DILUTED EPS TTM
$-16.75
|
SHARES OUTSTANDING
92.5M
|
|
|
CENX Does Not Pay Dividends
|
P/E TTM
NM
|
|
| K = Thousands M = Millions B = Billions | ||
related news
Indexes overcame initial jitters as crude dropped sharply and Bernanke and Paulson expressed optimism
related news
CENX Top Compensated Officers
Executives, Board Directors
Key developments for Century Aluminum Co. (CENX)
Century Aluminum Co. announced an extension of the exchange offer and consent solicitation relating to its 7.5% Senior Notes due 2014, CUSIP No. 156431AH1, made pursuant to its Offering Circular and Consent Solicitation Statement dated October 28, 2009, as amended by the Supplement thereto dated November 12, 2009. The company is extending the previously announced exchange offer and consent solicitation as follows: the deadline to tender 2014 Notes to receive the consent payment in the consent solicitation is extended from 11:59 p.m., New York City time, on November 10, 2009 to 11:59 p.m., New York City time, on November 18, 2009, unless further extended. Holders who have tendered or tender their 2014 Notes prior to such time, and have their 2014 Notes accepted by the Company for exchange, will be entitled to the total consideration, as set forth in the Offering Circular and Consent Solicitation Statement, for tendering and consenting in the exchange offer and consent solicitation. The Expiration Time of the exchange offer and consent solicitation is extended from 11:59 p.m., New York City time, on November 25, 2009 to 11:59 p.m., New York City time, on December 3, 2009, unless further extended. The company has commenced an offer to exchange $250 million in aggregate principal amount outstanding 2014 Notes properly tendered for up to $250 million of its 8% Senior Secured Notes due 2014 to be issued at the closing of the exchange offer. In conjunction with the exchange offer, the company also has commenced a solicitation of consents for amendments to the indenture governing the 2014 Notes to eliminate most restrictive covenants and modify certain events of default.
Century Aluminum Co. announced that it expects on October 28, 2009 to commence an exchange offer and consent solicitation relating to its 7.5% Senior Notes due 2014 and a consent solicitation relating to its 1.75% Convertible Senior Notes due 2024. Holders who tender their 2014 Notes prior to the expiration of the exchange offer will receive newly issued 8% Senior Secured Notes due 2014. The exchange notes will bear interest at the rate of 8% per annum, payable semi-annually on May 15 and November 15 of each year, commencing May 15, 2010, and mature on May 15, 2014. The exchange offer and consent solicitation for the 2014 notes is expected to be made pursuant to an offering circular and consent solicitation statement dated October 28, 2009 and related Letter of Transmittal and Consent, which more fully set forth the terms of the exchange offer and consent solicitation. The company is simultaneously soliciting consents for amendments to the indenture governing the 2024 notes to modify certain events of default, including to exclude events of default relating to bankruptcies and insolvencies of its Legacy Domestic Subsidiaries. The company is offering a consent payment in cash of $2.50 for each $1,000 principal amount of 2024 Notes for which valid consents are received prior to the expiration of the solicitation period, subject to the terms and conditions of the consent solicitation. Consents that are validly executed from holders owning a majority in aggregate principal amount outstanding of the 2024 Notes are required to approve the proposed amendments. Pursuant to certain Exchange and Consent Agreements and Exchange Agreements, the company has secured consents constituting the requisite consents necessary to amend the indenture governing the 2024 notes. The consent solicitation will expire on November 10, 2009, unless extended or earlier terminated. The consent solicitation is expected to be made pursuant to a consent solicitation statement dated October 28, 2009 and related letter of consent, which more fully set forth the terms of the consent solicitation.
Century Aluminum Co. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company's net income allocated to common shareholders was $33.3 million or $0.45 per diluted share compared to $27.5 million or $0.55 per diluted share for the same period a year ago. Net sales were $228.7 million compared with $552.2 million for the same period a year ago. Operating income was $41.9 million compared with $110.7 million for the same period a year ago. Income before income taxes and equity in earnings of joint ventures was $32.9 million compared with $22.9 million for the same period a year ago. Net income was $40.1 million compared with $35.8 million for the same period a year ago. For the nine months, the company's net loss allocated to common shareholders was $181.6 million or $2.56 per diluted share compared to $201.6 million or $4.66 per diluted share for the same period a year ago. Net sales were $642.4 million compared with $1,568.6 million for the same period a year ago. Operating loss was $90.6 million compared with operating income of $330.2 million for the same period a year ago. Loss before income taxes and equity in earnings of joint ventures was $120.7 million compared with $421.1 million for the same period a year ago. Net loss was $181.6 million compared with $201.6 million for the same period a year ago. Net cash provided by operating activities $28.7 million compared with net cash used in operating activities of $698.7 million for the same period a year ago. The company reported purchase of property, plant and equipment of $14.7 million compared with $26.7 million for the same period a year ago.
CENX Competitors
| Company | Last | Change |
| ALCOA Inc | $13.13 USD | -0.09 |
| Aluminium Corporation of China Limited | ¥15.33 CNY | -0.26 |
| Kaiser Aluminum Corp | $40.48 USD | +0.48 |
| Ormet Corp | $1.45 USD | +0.15 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | CENX | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 0.7x |
|
| Price/Book | 0.7x |
|
| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | 0.3x |
|
|
CENX |
||
CENX transactions
| Type Date |
Target |
|
Merger/Acquisition
August 3, 2009 |
50% of Gramercy Alumina LLC and 50% of St. Ann Bauxite Ltd. |
More Recent News About Century Aluminum Company
More news for CENX
Bottom Fishing for Potentail Value
Any time you try to bottom fish for bargains, you often find garbage. Keep this in mind when considering the investment candidates that follow. When bottom fishing, you have be aware that the majority of the time you are getting what you pay for. However, occasionally, a pearl may turn up among the waste. IN PICTURES: 20 Tools For Building Up Your PortfolioBe SkepticalTo make this a worthwhile list, I've only chosen companies that have a viable business that is or was profitable. Also, I only selected names that trade below book value in order to give some sort of margin of safety to the candidates. However, buyer beware: often the book value can continue to deteriorate, which explains why what may seem cheap on the surface is actually a value trap. Finally, I wanted names of businesses that were trading for significantly higher prices when the economy was doing well. While I don't expect any of these names to do that well again anytime soon, if they can improve their fortunes and be worth a fraction of those prices, investors will do well. (For more, see The Value Investor's Handbook.)...Click here to read the whole Article (external link)
Gates Foundation Buys $8.8M Worth of AutoNation
Stock quotes in this article: AN , MSFT , CLB , ...Click here to read the whole Article (external link)
Century Aluminum Company Announces Extension of Exchange Offer and Consent Solicitation Related to Its 7.5% Senior Notes Due 2014
MONTEREY, CA--(Marketwire - 11/12/09) - Century Aluminum Company (the "Company") (NASDAQ:CENX - News) today announced an extension of the exchange offer and consent solicitation relating to its 7.5% Senior Notes due 2014, CUSIP No. 156431AH1 (the "2014 Notes"), made pursuant to its Offering Circular and Consent Solicitation Statement dated October 28, 2009 (the "Offering Circular and Consent Solicitation Statement"), as amended by the Supplement thereto dated November 12, 2009. The Company is extending the previously announced exchange offer and consent solicitation as follows:� -- The deadline to tender 2014 Notes to receive the consent payment in the consent solicitation is extended from 11:59 p.m., New York City time, on November 10, 2009 to 11:59 p.m., New York City time, on November 18, 2009, unless further extended. Holders who have tendered or tender their 2014 Notes prior to such time, and have their 2014 Notes accepted by the Company for exchange, will be entitled to the total consideration, as set forth in the Offering Circular and Consent Solicitation Statement, for tendering and consenting in the exchange offer and consent solicitation. -- The Expiration Time of the exchange offer and consent solicitation is extended from 11:59 p.m., New York City time, on November 25, 2009 to 11:59 p.m., New York City time, on December 3, 2009, unless further extended. The Company has commenced an offer to exchange $250 million in aggregate principal amount outstandin...Click here to read the whole Article (external link)
CENTURY ALUMINUM CO Files SEC form 10-Q, Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations Recent Developments Exchange Offer and Consent Solicitation Related to the 7.5% senior notes due 2014 and Consent Solicitation for the 1.75% senior convertible notes due 2024 On October 28, 2009, we commenced (i) an exchange offer and consent solicitation relating to our 7.5% senior notes due 2014 (the "7.5% Notes") and (ii) a consent solicitation relating to our 1.75% convertible senior notes due 2024 (the "1.75% Notes"). See Note 25 Subsequent Events in the consolidated financial statements included herein for additional information. Convertible Debt for equity exchange transactions In a series of transactions in September, October and November 2009, we issued a total of 11,365,693 shares of our common stock in exchange for $127.9 million principal amount of our 1.75% Notes. Upon completion of the convertible debt-for-equity exchanges, we had approximately $47.1 million principal amount of our 1.75% Notes outstanding. Holders of the outstanding 1.75% Notes may require us to purchase for cash all or part of the 1.75% Notes then outstanding at par on August 1, 2011. - 45 - Table of Contents Century expects to receive $15 million tax refund under recently enacted legislation An unemployment insurance extension bill that would, among other things, allow businesses with net operating losses for 2008 or 2009 to carry back those losses for up to five years has recently been enacted. Under the new law, we expect to obtain a tax refund of approximately $15 million by carrying back losses to our 2005 tax year. Ravenswood Retiree Medical Benefits changes Century Aluminum of West Virginia, Inc. ("CAWV") will amend its post retirement medical benefit plan effective January 1, 2010 for all current and former salaried employees, their dependents and all bargaining unit employees who retired...Click here to read the whole Article (external link)
Century Aluminum Company Announces Amendment of Exchange Offer and Consent Solicitation Related to Its 7.5% Senior Notes Due 2014
MONTEREY, CA--(Marketwire - 11/13/09) - Century Aluminum Company (the "Company") (NASDAQ:CENX - News) today announced certain amendments to the exchange offer and consent solicitation relating to its 7.5% Senior Notes due 2014, CUSIP No. 156431AH1 (the "2014 Notes"), made pursuant to its Offering Circular and Consent Solicitation Statement dated October 28, 2009, as amended by the First Supplement thereto dated November 12, 2009 (the "First Supplement") and the Second Supplement thereto dated November 13, 2009 (the "Second Supplement"). As previously announced, the Company has commenced an offer to exchange $250 million in aggregate principal amount outstanding 2014 Notes properly tendered (and not validly withdrawn) for up to $250 million of its 8% Senior Secured Notes due 2014 (the "Exchange Notes") to be issued at the closing of the exchange offer. In conjunction with the exchange offer, the Company also has commenced a solicitation of consents for amendments to the indenture governing the 2014 Notes to eliminate most restrictive covenants and modify certain events of default.Pursuant to the First Supplement, the Company previously extended the Consent Payment Deadline by which holders of the Existing Notes must tender Existing Notes to receive the Consent Payment in the consent solicitation from 11:59 p.m., New York City time, on November 10, 2009 to 11:59 p.m., New York City time, on November 18, 2009, unless further extended, and the Expiration Time of the exchange offer and consent solicitation from 11:59 p.m., New York C...Click here to read the whole Article (external link)
CENTURY ALUMINUM CO Financials
Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback Quotes delayed, except where indicated otherwise.Delay times are 15 mins for NASDAQ, 20 mins for NYSE and Amex. See also delay times for other exchanges.Fundamental company data provided by Capital IQ. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. Real-...Click here to read the whole Article (external link)
CENTURY ALUMINUM CO Files SEC form 8-K, Entry into a Material Definitive Agreement, Other Events, Financial Statement
Show all filings for CENTURY ALUMINUM CO | Request a Trial to NEW EDGAR Online Pro Form 8-K for CENTURY ALUMINUM CO 17-Nov-2009Entry into a Material Definitive Agreement, Other Events, Financial Statement Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information ...Click here to read the whole Article (external link)
Century Aluminum Company Announces Successful Completion of Consent Solicitation Related to Its 1.75% Convertible Senior Notes Due 2024
MONTEREY, CA--(Marketwire - 11/13/09) - Century Aluminum Company (the "Company") (NASDAQ:CENX - News) today announced that it has successfully completed its solicitation of consents to amend the indenture governing its 1.75% Convertible Senior Notes due 2024, CUSIP Nos. 156431AE8 and 156431AD0 (the "2024 Notes"), to modify certain events of default relating to certain bankruptcies and insolvencies. The Company has been advised by the information and tabulation agent for the consent solicitation that approximately 90% of holders of the 2024 Notes consented to the proposed amendments. Century Aluminum Company owns primary aluminum capacity in the United States and Iceland. Century's corporate offices are located in Monterey, California.Cautionary StatementThis press release may contain "forward-looking statements" within the meaning of U.S. federal securities laws. The company has based its forward-looking statements on current expectations and projections about the future; however, these statements are subject to risks, uncertainties and assumptions, any of which could cause the company's actual results to differ materially from those expressed in its forward-looking statements. More information about these risks, uncertainties and assumptions can be found in the risk factors and forward-looking statements cautionary language contained in the company's Annual Report on Form 10-K and in other filings made with the Securities and Exchange Commission. The company does not undertake, and specifically disclaims, any obligation ...Click here to read the whole Article (external link)
