Welcome to our dedicated page for Kaiser Aluminum news (Ticker: KALU), a resource for investors and traders seeking the latest updates and insights on Kaiser Aluminum stock.
Kaiser Aluminum Corporation (NASDAQ: KALU) is a manufacturer of semi-fabricated specialty aluminum products headquartered in Franklin, Tennessee. The company serves customers worldwide with value-added plate, sheet, coil, extrusions, rod, bar, tube, and wire products produced at its North American facilities. Its aluminum mill products support aerospace and high-strength, packaging, general engineering, automotive extrusions, and other industrial applications, and its stock is included in the Russell 2000 and S&P Small Cap 600 indexes.
This news page aggregates company-specific updates that Kaiser Aluminum releases through press announcements and SEC-referenced communications. Readers can follow information about quarterly and annual financial results, including metrics such as net sales, shipments, conversion revenue, operating income, net income, and adjusted EBITDA, as well as commentary on end-market performance in aerospace/high strength, packaging, general engineering, automotive extrusions, and other product categories.
News for KALU also covers capital structure and liquidity developments, such as amendments and extensions of the company’s senior secured revolving credit facility, the pricing and closing of senior notes due 2034, and the intended use of proceeds to redeem existing senior notes due 2028. Corporate governance and leadership items appear in the form of announcements about director appointments and changes in executive roles in sales, marketing, and manufacturing.
In addition, Kaiser Aluminum regularly issues press releases on quarterly cash dividend declarations, specifying per-share amounts, record dates, and payment dates. By monitoring this news feed, investors and observers can track how the company communicates its financial performance, financing transactions, dividend actions, and management changes over time.
Kaiser Aluminum Corporation (NASDAQ: KALU) plans to release its third quarter and nine-month financial results on October 21, 2020, post-market. The company will host a conference call on October 22, 2020, at 10:00 a.m. Pacific Time. Participants can join via U.S. at (800) 697-5978 or internationally at (630) 691-2750. Kaiser Aluminum specializes in semi-fabricated specialty aluminum products for various sectors, including aerospace and automotive, with a focus on quality and innovation since 1946.
Kaiser Aluminum Corporation (NASDAQ:KALU) reported a net loss of $7 million for Q2 2020, equating to a loss per diluted share of $0.41. Net sales decreased by 24% year-over-year to $276 million, while value added revenue dropped 17% to $175 million. Despite challenges from COVID-19 impacting demand, particularly in aerospace and automotive sectors, the company maintained approximately $1.0 billion in liquidity. Adjusted earnings per diluted share were $0.36, down from $1.40 in Q2 2019. The outlook for H2 2020 anticipates 10%-15% decline in value added revenue from Q2 levels.
Kaiser Aluminum Corporation (NASDAQ: KALU) has declared a quarterly cash dividend of $0.67 per share, payable on August 14, 2020, to shareholders on record as of July 24, 2020. Headquartered in Foothill Ranch, California, Kaiser Aluminum produces semi-fabricated specialty aluminum products for various industries, including aerospace and automotive. The firm is part of the Russell 2000® and S&P Small Cap 600® indices, reflecting its significant position in the market.
Kaiser Aluminum Corporation (NASDAQ: KALU) will release its second quarter and first half 2020 financial results on July 22, 2020, after market close. A conference call is scheduled for July 23, 2020, at 10:00 a.m. Pacific, where analysts can discuss the results. Kaiser Aluminum produces specialty aluminum products for various industries, adhering to quality and innovation traditions since 1946. The stock is part of the Russell 2000® index and S&P Small Cap 600® index.
Kaiser Aluminum Corporation (NASDAQ: KALU) announced that CEO Jack A. Hockema will present at the Fifth Annual Goldman Sachs Leveraged Finance Conference on June 25, 2020, at 1:10 PM Eastern time. The event will feature virtual meetings with investors throughout the day. A live webcast of the presentation will be accessible on the Company's website, with a downloadable presentation available prior to the event. An audio archive will be provided for 30 days post-presentation. Kaiser Aluminum, based in Foothill Ranch, California, specializes in semi-fabricated aluminum products.
Kaiser Aluminum (NASDAQ: KALU) announced an executive leadership succession, effective July 31, 2020. Jack A. Hockema will step down as CEO after nearly 20 years, transitioning to Executive Chairman. Keith A. Harvey, a 40-year veteran of the company, will take over as CEO and join the Board of Directors. The Board unanimously supports Harvey, highlighting his integral role in the company’s strategic growth. Kaiser Aluminum specializes in semi-fabricated specialty aluminum products, serving various industries, including aerospace and automotive.
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