Kaiser Aluminum - KALU STOCK NEWS

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.

Kaiser Aluminum Corporation (NASDAQ:KALU) plans to release its fourth quarter and full year 2020 financial results on February 24, 2021, after market close. A quarterly conference call will follow on February 25, 2021, at 10:00 a.m. Pacific. Interested parties can access the call via a U.S. or international number provided in the release. Kaiser Aluminum, based in Foothill Ranch, California, specializes in semi-fabricated specialty aluminum products, serving various industries globally. Its stock 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, marking a 7.5% increase from the previous quarter. The dividend is set to be paid on February 12, 2021, to shareholders of record as of January 25, 2021.

President and CEO Keith A. Harvey highlighted the company's confidence in its long-term outlook and the potential value creation from the planned acquisition of the Warrick Rolling Mill from Alcoa, emphasizing strong demand growth in the packaging sector.

Kaiser Aluminum Corporation (NASDAQ:KALU) has announced an agreement to acquire Alcoa Warrick LLC for $670 million, enhancing its portfolio in the North American aluminum packaging industry. The acquisition, which includes the Warrick Rolling Mill, will be immediately accretive to earnings and is projected to generate positive cash flow. This transaction aligns with Kaiser Aluminum's strategy to diversify and strengthen its operations by entering a non-cyclic packaging sector, driven by the increasing demand for sustainable aluminum packaging.

Kaiser Aluminum Corporation (NASDAQ:KALU) reported third quarter 2020 net sales of $256 million, down 29% year-over-year, with value added revenue decreasing to $154 million.

Net income for the quarter was $0.4 million, or $0.02 per diluted share, a significant drop from $25 million or $1.57 per share in Q3 2019.

Adjusted EBITDA fell to $30 million, reflecting challenging market conditions, particularly in the commercial aerospace sector, where demand declined sharply.

Kaiser Aluminum Corporation (NASDAQ:KALU) has declared a quarterly cash dividend of $0.67 per share. This dividend is set to be paid on November 13, 2020, to shareholders on record as of the close of business on October 23, 2020. The company, located in Foothill Ranch, California, specializes in semi-fabricated specialty aluminum products across various industries including aerospace and automotive. Kaiser Aluminum is part of the Russell 2000 and S&P Small Cap 600 indices.

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.