Kaiser Aluminum Stock Price, News & Analysis

Kaiser Aluminum Corporation (NASDAQ:KALU) reported its first quarter 2023 results, achieving net sales of $808 million, a decrease from $949 million in the prior year period. The net income was $16 million, or $0.99 per diluted share, compared to $8 million or $0.51 in the same quarter last year. Conversion revenue rose to $369 million, a 4% increase, largely driven by a 39% increase in aerospace/high strength applications. The company reported strong liquidity at $546 million, supported by cash reserves of $32 million and $514 million available from its revolving credit facility. Looking ahead, Kaiser expects continued demand growth in commercial aerospace but anticipates challenges in packaging due to destocking. The company aims for capital investments between $170 million to $190 million in 2023.

Kaiser Aluminum Corporation (NASDAQ:KALU) has declared a quarterly cash dividend of $0.77 per share, payable on May 15, 2023, to shareholders on record as of April 25, 2023. This decision reflects the company's commitment to returning value to shareholders amidst its operations in producing specialty aluminum products across various sectors including aerospace, automotive, and packaging. The corporation's North American facilities deliver a diverse range of aluminum products while adhering to high standards of quality and service.

Since its founding in 1946, Kaiser Aluminum has evolved to maintain its presence in stock indices like the Russell 2000® and the S&P Small Cap 600®. The announcement underscores the company’s financial health and intention to sustain shareholder returns.

Kaiser Aluminum Corporation (NASDAQ: KALU), a top producer of semi-fabricated specialty aluminum products, will release its Q1 2023 financial results on April 26, 2023, after market hours. A conference call to discuss these results is scheduled for April 27, 2023, at 9:00 a.m. Central Time. Investors can access the call at 1 (877) 423-9813 in the U.S. and Canada, or 1 (201) 689-8573 internationally, using conference ID 13737400. A live webcast will be available on the company's investor website, along with an audio archive post-call. Kaiser Aluminum, founded in 1946 and based in Franklin, Tennessee, provides engineered solutions for various sectors, including aerospace and automotive. The company is part of the Russell 2000 and S&P Small Cap 600 indices.

Kaiser Aluminum Corporation (NYSE: KALU) has announced that its President and CEO, Keith Harvey, will present at the J.P. Morgan 2023 Industrials Conference on March 14, 2023, at 9:40 a.m. ET in New York City. The event will include investor meetings throughout the day. A live webcast of the presentation will be accessible in the Investors section of the company’s website, with a replay available for 30 days post-event. Kaiser Aluminum, based in Franklin, Tenn., specializes in semi-fabricated specialty aluminum products for various industries, including aerospace and automotive, and is listed in the Russell 2000® and S&P Small Cap 600® indexes.

Kaiser Aluminum (NASDAQ:KALU) reported fourth quarter 2022 net sales of $776 million, down from $806 million a year earlier, with a net loss of $26 million or $1.66 per diluted share. For the full year, net sales reached $3.4 billion, up from $2.6 billion, but the company still faced a net loss of $30 million. Adjusted EBITDA for Q4 was $30 million, representing an 8.4% margin. Challenges included supply chain disruptions and inflationary pressures. Looking forward, Kaiser anticipates improved demand in aerospace and plans capital investments of $170 million to $190 million in 2023, primarily for growth initiatives.