Research Update: JW Aluminum Upgraded On Increased Cash Flow Stability And Improving Leverage - S&P Global Ratings’ Credit Research

Research Update: JW Aluminum Upgraded On Increased Cash Flow Stability And Improving Leverage

Research Update: JW Aluminum Upgraded On Increased Cash Flow Stability And Improving Leverage - S&P Global Ratings’ Credit Research
Research Update: JW Aluminum Upgraded On Increased Cash Flow Stability And Improving Leverage
Published Feb 13, 2025
7 pages (2942 words) — Published Feb 13, 2025
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

We expect JW Aluminum Continuous Cast Co. (JWA) will sustain positive free operating cash flow (FOCF) and leverage below at least 5x in 2025 as the company benefits from improved operations and cash flow stability at its Mt. Holly site. JWA?s credit profile has strengthened because it completed its plant modernization program at its Mt. Holly site, which should yield consistent margins and sustained lower leverage As a result, we raised our issuer credit rating on JWA to ?B? from 'B-.? The outlook is stable. The stable outlook reflects our view that JWA will sustain debt to EBITDA below at least 5x and maintain positive free operating cash flow under softer market conditions anticipated over the next 12-24 months. This

  
Brief Excerpt:

...We expect JW Aluminum Continuous Cast Co. (JWA) will sustain positive free operating cash flow (FOCF) and leverage below at least 5x in 2025 as the company benefits from improved operations and cash flow stability at its Mt. Holly site....

  
Report Type:

Research Update

Issuer
JW Aluminum Continuous Cast Co.
GICS
Building Products (20102010)
Sector
Global Issuers
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: JW Aluminum Upgraded On Increased Cash Flow Stability And Improving Leverage" Feb 13, 2025. Alacra Store. May 02, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-JW-Aluminum-Upgraded-On-Increased-Cash-Flow-Stability-And-Improving-Leverage-3323421>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: JW Aluminum Upgraded On Increased Cash Flow Stability And Improving Leverage Feb 13, 2025. New York, NY: Alacra Store. Retrieved May 02, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-JW-Aluminum-Upgraded-On-Increased-Cash-Flow-Stability-And-Improving-Leverage-3323421>
  
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