Kaiser Aluminum Stock Price, News & Analysis

Kaiser Aluminum (NASDAQ: KALU) priced $500.0 million aggregate principal amount of 5.875% senior notes due 2034 in a private Rule 144A/Reg S offering.

The notes will be guaranteed by Kaiser Aluminum’s existing and future domestic subsidiaries that are borrowers or guarantors under its revolving credit facility. The offering is expected to close on November 5, 2025, subject to customary closing conditions.

Kaiser intends to use net proceeds, together with revolving credit borrowings and/or cash, to redeem all outstanding 4.625% senior notes due 2028; conditional notice of intent to redeem was provided for a November 6, 2025 redemption date.

Kaiser Aluminum (NASDAQ: KALU) announced a proposed private offering of $500.0 million aggregate principal amount of senior notes due 2034, to be issued in a transaction exempt from registration under the Securities Act.

The notes will be guaranteed by Kaiser Aluminum’s existing and future domestic subsidiaries that are borrowers or guarantors under its revolving credit facility. Kaiser intends to use net proceeds, together with revolver borrowings and/or cash, to redeem all outstanding 4.625% senior notes due 2028. On October 27, 2025 the company provided conditional notice to redeem the 2028 notes on November 6, 2025, subject to successful issuance on acceptable terms. The offering will be to Rule 144A qualified institutional buyers and non-U.S. persons under Regulation S; the notes will not be registered.

Kaiser Aluminum (NASDAQ: KALU) reported Q3 2025 net sales of $844 million, conversion revenue of $351 million and net income of $40 million ($2.38 diluted). Adjusted net income was $31 million ($1.86) and adjusted EBITDA was $81 million with a 23.2% adjusted EBITDA margin. Shipments fell ~8% year-over-year to 270 million lbs, partly due to a planned partial outage at Trentwood.

Liquidity: total liquidity of $602 million (cash $42 million, $560 million availability) and net debt leverage improved to 3.6x. The company raised its full-year 2025 adjusted EBITDA outlook to +20% to +25% YoY and declared a quarterly dividend of $0.77 per share.

Kaiser Aluminum (NASDAQ: KALU) extended and amended its $575 million senior secured revolving credit facility, moving the maturity to October 2030 and adding up to an additional five years of availability, effective October 14, 2025. The amendment includes improved terms intended to provide greater operational flexibility. As of the effective date the facility showed $575 million gross borrowing availability based on a borrowing base of eligible accounts receivable, inventory and certain other assets, with $15 million in outstanding letters of credit and in outstanding loans.

The company said the extension underscores its financial strength and supports continued execution of growth initiatives while maintaining liquidity and flexibility.

Kaiser Aluminum (NASDAQ: KALU) announced a quarterly cash dividend of $0.77 per share.

The Board declared the dividend payable on November 14, 2025 to stockholders of record as of the close of business on October 24, 2025.

Kaiser Aluminum (NASDAQ:KALU) has scheduled its third quarter 2025 earnings release for Wednesday, October 22, 2025, after market close. The company will hold its quarterly conference call the following day on Thursday, October 23, 2025, at 10:00 a.m. Eastern Time.

Investors can access the conference call from the U.S. and Canada at (877) 423-9813 or internationally at (201) 689-8573 using conference ID 13755775. A live webcast and presentation slides will be available through the company's investor relations website, with an audio archive accessible after the call.

Kaiser Aluminum (NASDAQ: KALU) has appointed James D. Hoffman to its Board of Directors as an independent director. Hoffman, who will serve as a Class II director until the 2026 annual meeting, brings over 43 years of experience in metals distribution, fabrication, and service center industries.

Hoffman's background includes serving as CEO of Reliance, Inc. (formerly Reliance Steel and Aluminum Co.) from 2019 to 2022, North America's largest metals service center company. His extensive executive experience spans strategy development, acquisitions, and operational leadership, including various senior roles at both Reliance and Earl M. Jorgensen Company.

Kaiser Aluminum (NASDAQ:KALU) reported strong Q2 2025 financial results, with net sales reaching $823 million and net income of $23 million ($1.41 per diluted share). The company's Adjusted EBITDA was $68 million with an 18.1% margin.

Key performance metrics include conversion revenue of $374 million and total shipments of 288 million pounds. The company maintains strong liquidity of $538 million and declared a quarterly dividend of $0.77 per share.

Based on strong performance, Kaiser is raising its full year 2025 Adjusted EBITDA outlook to 10-15% year-over-year growth, while maintaining its projection of 5-10% increase in Conversion Revenue.