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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Net sales        
Total net sales $ 632.2 $ 539.1 $ 1,894.2 $ 1,589.4
Cost of goods sold [1] 554.9 457.3 1,720.1 1,470.7
Gross profit 77.3 81.8 174.1 118.7
Selling, general and administrative expenses 17.9 15.6 44.4 42.0
Other operating expenses - net 1.1 2.4 4.6 4.6
Operating income 58.3 63.8 125.1 72.1
Interest income 2.8 0.4 6.5 1.7
Loss on early extinguishment of debt (6.2) 0.0 (6.2) 0.0
Bargain purchase gain 0.0 0.0 0.0 245.9
Other loss - net (2.2) (4.0) (11.3) (4.4)
Income before income taxes 9.5 44.3 26.4 283.3
Income tax benefit (expense) 1.1 (2.0) 0.8 (3.0)
Net income 10.6 42.3 27.2 280.3
Net loss attributable to noncontrolling interests (4.3) (5.0) (12.8) (11.3)
Net income attributable to Century stockholders 14.9 47.3 40.0 291.6
Less: net income allocated to participating securities 0.8 2.5 2.0 15.5
Net income allocated to common stockholders $ 14.1 $ 44.8 $ 38.0 $ 276.1
Net income attributable to Century stockholders per common share:        
Basic (in dollars per share) $ 0.15 $ 0.48 $ 0.41 $ 2.98
Diluted (in dollars per share) $ 0.15 $ 0.46 $ 0.40 $ 2.83
Weighted-average common shares outstanding:        
Basic (in shares) 93.3 92.8 93.3 92.7
Diluted (in shares) 99.2 98.4 94.6 98.8
Related Party        
Net sales        
Total net sales $ 319.6 $ 332.1 $ 1,065.9 $ 971.3
Cost of goods sold 90.7 63.9 230.8 179.1
Interest expense (1.5) (1.8) (5.2) (5.1)
Net (loss) gain on forward and derivative contracts 0.0 (1.2) 0.0 3.7
Nonrelated Party        
Net sales        
Total net sales 312.6 207.0 828.3 618.1
Interest expense (11.5) (10.1) (31.3) (26.3)
Net (loss) gain on forward and derivative contracts $ (30.2) $ (2.8) $ (51.2) $ (4.3)
[1]
(1) Purchases from related party were $90.7 million and $63.9 million for the three months ended September 30, 2025 and 2024, respectively. Purchases from related party were $230.8 million and $179.1 million for the nine months ended September 30, 2025 and 2024, respectively.