XML 17 R2.htm IDEA: XBRL DOCUMENT v3.25.2
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Net sales        
Total net sales $ 628.1 $ 560.8 $ 1,262.0 $ 1,050.3
Cost of goods sold 591.9 540.4 1,165.2 [1] 1,013.4 [1]
Gross profit 36.2 20.4 96.8 36.9
Selling, general and administrative expenses 14.0 12.3 26.5 26.4
Other operating expenses - net 1.5 1.7 3.5 2.2
Operating income 20.7 6.4 66.8 8.3
Interest income 1.9 0.6 3.7 1.3
Bargain purchase gain 0.0 0.0 0.0 245.9
Other (loss) income - net (5.7) 1.1 (9.1) (0.4)
(Loss) income before income taxes (10.4) (6.2) 16.9 239.0
Income tax benefit (expense) 1.3 (0.5) (0.3) (1.0)
Net (loss) income (9.1) (6.7) 16.6 238.0
Net loss attributable to noncontrolling interests (4.5) (4.2) (8.5) (6.3)
Net (loss) income attributable to Century stockholders (4.6) (2.5) 25.1 244.3
Less: net income allocated to participating securities 0.0 0.0 1.3 13.0
Net (loss) income allocated to common stockholders $ (4.6) $ (2.5) $ 23.8 $ 231.3
Net (loss) income attributable to Century stockholders per common share:        
Basic (in dollars per share) $ (0.05) $ (0.03) $ 0.26 $ 2.50
Diluted (in dollars per share) $ (0.05) $ (0.03) $ 0.25 $ 2.24
Weighted-average common shares outstanding:        
Basic (in shares) 93.3 92.7 93.3 92.7
Diluted (in shares) 93.3 92.7 94.6 98.8
Related Party        
Net sales        
Total net sales $ 367.6 $ 324.2 $ 746.3 $ 639.2
Cost of goods sold 51.8 56.2 140.1 115.2
Interest expense (1.9) (1.4) (3.7) (3.3)
Net (loss) gain on forward and derivative contracts 0.0 (1.9) 0.0 2.5
Nonrelated Party        
Net sales        
Total net sales 260.5 236.6 515.7 411.1
Interest expense (9.8) (8.9) (19.8) (16.2)
Net (loss) gain on forward and derivative contracts $ (15.6) $ (2.1) $ (21.0) $ 0.9
[1]
(1) Purchases from related party were $51.8 million and $56.2 million for the three months ended June 30, 2025 and 2024, respectively. Purchases from related parties were $140.1 million and $115.2 million for the six months ended June 30, 2025 and 2024, respectively.