Century Aluminum Company CENX reported earnings of $2.39 per share for the second quarter of 2026. It compares favorably with the prior-year quarter's loss of 5 cents per share. The bottom line missed the Zacks Consensus Estimate of $2.40.
Adjusted EBITDA was $326.9 million, up from $74.3 million in the prior-year quarter.
Century Aluminum Company Price, Consensus and EPS Surprise
Century Aluminum Company price-consensus-eps-surprise-chart | Century Aluminum Company Quote
CENX's Revenues and Shipments
The company reported net sales of $752.1 million, up 19.7% year over year. The figure missed the Zacks Consensus Estimate of $835.3 million by around 10%.
The increase in sales was primarily driven by higher realized metal prices and higher shipments sequentially, supported by increased production from the Mt. Holly expansion and the restart of Line 2 at Grundartangi.
Primary aluminum shipments were 130,632 tons, down around 25.7% year over year but up around 6.3% sequentially.
CENX's Financials
At the end of the quarter, the company had cash and cash equivalents of $343.4 million, up 40.7% from the previous quarter.
CENX's Q3 Outlook
The company forecasts third-quarter 2026 adjusted EBITDA attributable to Century in the range of $325 million to $345 million.
Stock's Price Performance
Shares of Century Aluminum have risen 104.5% in the past year compared with the industry's 37.2% growth.
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CENX's Zacks Rank & Other Industrial Products Releases
CENX currently carries a Zacks Rank #5 (Strong Sell).
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Flowserve Corporation's FLS second-quarter 2026 adjusted earnings of 95 cents per share beat the Zacks Consensus Estimate of 86 cents by 10.5%. The bottom line increased 4.4% year over year. Flowserve now expects organic sales to decline approximately 1% compared with the previous expectation of a 1% decline to 2% growth. FLS raised the low end of its adjusted earnings guidance and now expects adjusted earnings per share of $4.05-$4.20 compared with the earlier range of $4.00-$4.20.
DNOW Inc. DNOW reported second-quarter 2026 adjusted earnings of 12 cents per share, down 55.6% year over year but beating the Zacks Consensus Estimate of 8 cents by 50%. For the third quarter, DNOW expects revenues to increase in the low-to-mid single-digit percentage range sequentially. Adjusted EBITDA margin is projected between 5% and 5.5% of revenues.
IDEX Corporation IEX delivered second-quarter 2026 adjusted earnings of $2.32 per share, topping the Zacks Consensus Estimate of $2.10. IEX raised its full-year 2026 guidance, projecting organic sales growth of 5-6% compared with prior expectations of 3-4%. IDEX also lifted its full-year adjusted earnings outlook to $8.70-$8.85 per share from $8.35-$8.55 previously.
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This article originally published on Zacks Investment Research (zacks.com).
