Kaiser Aluminum Stock Price, News & Analysis

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.

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.