CENX - Century Aluminum Company (CENX) Q1 2024 Earnings Call Transcript
2024-05-01 15:38:10 ET
Century Aluminum Company (CENX)
Q1 2024 Earnings Conference Call
May 01, 2024, 11:00 ET
Company Participants
Ryan Crawford - Financial Planning & Analysis and IR Manager
Jesse Gary - President and CEO
Jerry Bialek - EVP and CFO
Peter Chipskovsk - SVP of Finance and Treasurer
Conference Call Participants
Lucas Pipes - B. Riley Securities
Katja Jancic - BMO Capital Markets
Timna Tanners - Wolfe Research
John Tumazos - John Tumazos Independent Research
Presentation
Operator
Ladies and gentlemen, thank you for standing by. Welcome to the Century Aluminum Company First Quarter 2024 Earnings Conference Call. [Operator Instructions] I would now like to hand the conference call over to our host, Ryan Crawford. Please go ahead.
Ryan Crawford
Thank you, operator. Good morning, everyone, and welcome to the conference call. I'm joined here today by Jesse Gary, Century's President and Chief Executive Officer; Jerry Bialek, Executive Vice President and Chief Financial Officer; and Peter Trpkovski, Senior Vice President of Finance and Treasurer. After our prepared comments, we will take your questions.
As a reminder, today's presentation is available on our website at www.centuryaluminum.com. We use our website as a means of disclosing material information about the company and for complying with Regulation FD.
Turning to Slide 1. Please take a moment to review the cautionary statement shown here with respect to the forward-looking statements and non-GAAP financial measures contained in today's discussion.
And with that, I'll hand the call to Jesse.
Jesse Gary
Thanks, Ryan, and thanks to everyone for joining. We made lots of progress this quarter with some exciting new initiatives. So I'll start today by quickly reviewing the improving market environment and the strong operating performance from each of our plants. Jerry will then take you through the details of our excellent first quarter results, and then I'll finish with an update on our new U.S. greenfield smelter project and our recently announced secondary joint venture with MX Holdings.
Overall, strong operational performance and declining costs drove adjusted EBITDA of $25 million in the first quarter. Jerry will give you the full details here, but we are really proud of the job our team did across our locations to operate safely and efficiently through the quarter. We have seen a real improvement in the safety culture across our plants, which is reflective of strong plant leadership and the commitment that all of our employees have made to operate safely....
Century Aluminum Company (CENX) Q1 2024 Earnings Call Transcript