Kaiser Aluminum Stock Price, News & Analysis

Kaiser Aluminum Corporation (NASDAQ:KALU) declared force majeure at its Warrick Rolling Mill due to magnesium supply issues, significantly impacting production. Deliveries from US Magnesium have ceased, leading to a projected 30% to 40% reduction in July production and 50% for the third quarter. The company is adjusting output levels and working with customers to mitigate delivery impacts. Additionally, Alcoa's recent curtailment of operations may further affect Kaiser Warrick. The company plans to assess these operational challenges and will provide updates during its upcoming earnings call on July 26, 2022.

Kaiser Aluminum Corporation (NASDAQ:KALU) plans to release its second quarter and first half 2022 financial results on July 25, 2022, post-market. The company will host a quarterly conference call on July 26, 2022, at 1:00 p.m. Eastern Time. Investors can access the call at (866) 374-5140 (U.S. & Canada) or (404) 400-0571 (internationally) with ID 10059580. A live webcast will be available on the company's website, along with an audio archive following the call. Kaiser Aluminum specializes in semi-fabricated specialty aluminum products for various industries.

Kaiser Aluminum Corporation (NASDAQ:KALU) reported first quarter 2022 net sales of $949 million, significantly up from $324 million in the prior year, driven by a 145% increase in shipments. Net income rose to $8 million or $0.51 per diluted share.

Adjusted EBITDA was $55 million, reflecting a 20% sequential increase. However, the company faced approximately $6 million in higher freight costs and ongoing supply chain challenges impacting operations.

Management anticipates a year-over-year increase in value-added revenue of 20% to 25% and an adjusted EBITDA margin of 17% to 20% for 2022.

Kaiser Aluminum Corporation (NASDAQ:KALU) announced a quarterly cash dividend of $0.77 per share, payable on May 13, 2022, to shareholders of record by April 25, 2022. The company, based in Franklin, TN, specializes in semi-fabricated specialty aluminum products for various industries, including aerospace and automotive. Its stock is part of the Russell 2000® and S&P Small Cap 600® indices. The announcement underscores the company's commitment to returning value to its shareholders, despite existing market challenges.

Kaiser Aluminum Corporation (NASDAQ:KALU) will release its Q1 2022 financial results on April 20, 2022, after market close. A conference call to discuss these results is scheduled for April 21, 2022, at 10:00 AM Pacific / 1:00 PM Eastern. Investors can join the call via U.S. and Canada at (866) 374-5140 or internationally at (404) 400-0571, with the conference ID 17782023. The company, known for its specialty aluminum products, emphasizes its commitment to quality and service since its founding in 1946.

Kaiser Aluminum Corporation (NASDAQ:KALU) reported a net loss of $19 million for 2021 on net sales of $2.6 billion, a 123% increase from 2020. Adjusted net income was $39 million, yielding adjusted EPS of $2.40. Supply chain disruptions and labor constraints impacted results, while the acquisition of the Warrick Rolling Mill marked a strategic milestone. The company increased its dividend by 7.0% to $0.77/share, reflecting its commitment to shareholder value. Expectations for 2022 include a 20-25% rise in value-added revenue and improved EBITDA margins of 17-20% as market conditions stabilize.

Kaiser Aluminum Corporation (NASDAQ:KALU) will announce its fourth quarter and full year 2021 financial results on February 23, 2022, after market close. The company will host a quarterly conference call on February 24, 2022, at 10:00 a.m. Pacific Time. Interested parties can access the call using the provided phone numbers or via the company's website. Kaiser Aluminum is a leading producer of semi-fabricated specialty aluminum products for various sectors, including aerospace and automotive, and is part of the Russell 2000 and S&P Small Cap 600 indices.

Kaiser Aluminum Corporation (NASDAQ: KALU) declared a quarterly cash dividend of $0.77 per share, marking a 7% increase over the previous quarter. The dividend is payable on February 15, 2022, to shareholders of record by January 24, 2022. CEO Keith A. Harvey emphasized the Board's decision reflects confidence in the company's long-term outlook and opportunities for shareholder value. Kaiser Aluminum continues to focus on sustainable growth, capital investments, and consistent cash flow generation to enhance its market position.