Kaiser Aluminum Stock Price, News & Analysis

Kaiser Aluminum Corporation (NASDAQ:KALU) will announce its second quarter and first half 2021 financial results on July 21, 2021, after market close. A conference call is scheduled for July 22, 2021, at 10:00 AM Pacific, where investors can gain insights on the company's financial performance and outlook. Interested parties can access the call via a provided U.S. and international phone number or through a webcast on the company's website. Kaiser Aluminum produces specialty aluminum products for various industries, including aerospace and automotive.

Kaiser Aluminum (NASDAQ:KALU) announced that its Warrick facility in Indiana received Provisional Performance Standard Certification from the Aluminum Stewardship Initiative (ASI). This certification is significant as it marks the facility as the first of its kind in the North American packaging industry to meet ASI standards for responsible aluminum sourcing. CEO Keith A. Harvey emphasized the certification as a milestone in promoting sustainable practices in aluminum production, aligning with trends in the beverage and food packaging sectors.

Kaiser Aluminum Corporation (Nasdaq: KALU) has announced the pricing of $550 million in 4.50% senior notes due 2031, marking a $50 million increase over its prior offering size. The offering will be guaranteed by current and future subsidiaries involved in its revolving credit facility. Proceeds will be used to redeem $350 million of its existing 6.500% senior notes due 2025 and for general corporate purposes. The offering is expected to close on May 20, 2021, subject to customary conditions.

Kaiser Aluminum Corporation (Nasdaq: KALU) announced plans to offer $500 million in senior notes due 2031 in a private transaction exempt from registration requirements. The company will use the proceeds to redeem $350 million of its existing 6.500% senior notes due 2025 and for general corporate purposes, including potential acquisitions. The offering is contingent on market conditions, and a conditional notice for the 2025 notes' redemption has been provided. All guarantees will come from Kaiser Aluminum’s existing and future domestic subsidiaries.

Kaiser Aluminum Corporation (NASDAQ:KALU) reported first quarter 2021 net sales of $324 million, a 23% increase compared to the second half of 2020, with value-added revenue reaching $172 million, up 12%. The company achieved an adjusted EBITDA of $38 million, marking a 25% rise, with a 21.8% margin. Notably, KALU completed the $670 million acquisition of Alcoa Warrick LLC, enhancing its packaging market presence. However, net income fell to $5 million ($0.28 per diluted share) compared to $29 million ($1.81) in the prior year due to the impact of COVID-19 on aerospace demand.

Kaiser Aluminum Corporation (NASDAQ:KALU) is set to release its Q1 2021 financial results on April 28, 2021, after market close. A conference call will follow on April 29, 2021, at 10:00 a.m. Pacific Time. The call is accessible via a dedicated phone line or a live webcast on the company's website. As a leading producer of specialty aluminum products, Kaiser Aluminum serves 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) has declared a quarterly cash dividend of $0.72 per share. This dividend will be payable on May 14, 2021, to shareholders of record as of April 23, 2021. Headquartered in Foothill Ranch, California, Kaiser Aluminum specializes in semi-fabricated aluminum products for various sectors, including aerospace and automotive. The company is a part of both the Russell 2000® index and the S&P Small Cap 600® index.

Kaiser Aluminum Corporation (NASDAQ: KALU) has acquired Alcoa Warrick LLC's Warrick Rolling Mill for $670 million, emphasizing a strategic re-entry into the aluminum packaging industry. The acquisition involves a long-term ground lease and includes transition services and a molten aluminum supply agreement. With this expansion, Kaiser aims to enhance its market position and diversify its portfolio, taking advantage of strong demand in the beverage and food packaging markets. The acquisition closed on March 31, 2021, funded through available cash and post-employment benefits liabilities.

Kaiser Aluminum Corporation (NASDAQ:KALU) reported full-year 2020 net sales of $1,173 million, down 20% year-over-year, primarily due to a significant decline in commercial aerospace demand. Adjusted net income fell to $48 million ($3.01 per diluted share) compared to $111 million ($6.85 per diluted share) in 2019. Despite challenges, adjusted EBITDA remained solid at $154 million with a margin of 22.1%. The company anticipates a 5% to 10% increase in value-added revenue for 2021, driven by strong automotive and defense demand, while commercial aerospace is expected to decline by 5% to 8%. A transformative acquisition of Alcoa Warrick LLC is set to close on March 31, 2021.