Kaiser Aluminum Corporation reported third-quarter 2026 net sales of $1,214.5 million, compared with $843.5 million a year earlier, while net income was $31.0 million versus $39.5 million. For the first nine months, sales were $3,577.9 million versus $2,444.0 million and net income was $190.3 million versus $84.3 million. Thus, quarterly net income was lower year over year, while nine-month net income was higher.
Net cash provided by operating activities for the nine months was $248.1 million, compared with $132.0 million in 2025. At September 30, 2026, cash and cash equivalents were $117.3 million and long-term debt, net, was $1,038.7 million. The company reported no Revolving Credit Facility borrowings and $569.9 million of remaining availability.
Environmental accruals were $17.6 million at September 30, 2026. Kaiser said actual remediation costs could exceed current accruals by up to $15.1 million, and implementation and ongoing monitoring could occur over a period of 30 or more years. Dividends declared per common share were $0.77 for each of the first three quarters of 2026.
Kaiser Aluminum Corporation (KALU) reported preliminary, unaudited third-quarter 2026 net sales of $1,214.5 million, compared with $843.5 million a year earlier, and Conversion Revenue of $439.1 million, up 25%. GAAP operating income was $55.2 million versus $48.8 million; GAAP net income was $31.0 million versus $39.5 million, and diluted EPS was $1.84 versus $2.38. Adjusted EBITDA was $84.0 million, up 3%.
Nine-month operating cash flow was $248.1 million and free cash flow was $176 million. As of September 30, 2026, net debt leverage was 2.0x and total liquidity was $687 million, including $117 million in cash. Moody’s upgraded Kaiser’s credit rating to Ba3 with a stable outlook. The declared $0.77-per-share quarterly dividend is payable November 13, 2026, to holders of record October 23, 2026.
For the balance of 2026, Kaiser maintained its outlook for Conversion Revenue growth at the high end of 10% to 15% and Adjusted EBITDA growth of 45% to 55% versus 2025, now expected toward the lower end amid planned outages, execution performance, customer year-end inventory alignment and metal-related headwinds. Fred Stephan will succeed Keith A. Harvey as President and Chief Executive Officer effective November 1, 2026; Harvey will become Executive Chairman.
Kaiser Aluminum Corporation (KALU) declared a quarterly cash dividend of $0.77 per share. The dividend is payable November 13, 2026, to stockholders of record at the close of business October 23, 2026.
On October 1, 2026, Jennifer Kristi Preston, Kaiser Aluminum Corp. (KALU)’s EVP, Human Resources & Labor, reported direct ownership of 5,604 shares of common stock. The reported total includes 3,346 shares acquired pursuant to grants of restricted stock units. The common stock has a par value of $0.01 per share.
Kaiser Aluminum Corporation announced a planned leadership transition. Fred Stephan will become Chief Executive Officer and President effective November 1, 2026, and will join the Board as a Class III director, increasing the Board size from nine to ten. Outgoing CEO Keith A. Harvey will transition to Executive Chairman and serve as a special advisor to Stephan through October 31, 2027.
Stephan’s offer includes an initial annual base salary of $1,150,000, a target annual short-term cash incentive of $1,440,000 (prorated for 2026), and a long-term incentive target of $4,430,000 beginning in 2027. He will receive restricted stock unit grants with target values of $3,767,000 (2026 long-term incentive, generally cliff vesting on March 5, 2029) and a $2,000,000 sign-on grant vesting over two years, plus relocation benefits.
Under the amended Key Employee Severance Plan, Stephan is eligible for severance of 2.0x salary and bonus target for qualifying terminations outside a change in control and 2.5x for qualifying terminations in connection with a change in control, plus prorated bonus and subsidized COBRA coverage. Harvey’s Transition Letter sets reduced compensation during a transition period through October 31, 2027 and preserves vesting of his outstanding long-term incentive awards, which will continue to follow their performance and time-based conditions.
Vanguard Capital Management LLC, together with certain affiliated entities, reports beneficial ownership of 833,479 shares of Kaiser Aluminum Corp common stock, representing 5.1% of the class as of June 30, 2026. Vanguard has sole voting power over 126,318 shares and sole dispositive power over all 833,479 shares, with no shared voting or dispositive power.
The position reflects securities held by Vanguard funds and other client accounts over which Vanguard and specified affiliates exercise voting and/or dispositive authority. Vanguard and related investment companies and accounts have the right to receive or direct dividends and sale proceeds, and no other single person’s interest in these securities exceeds 5% of the class.
Kaiser Aluminum reported higher Q2 2026 results, with net sales of $1,256.6 million versus $823.1 million a year earlier and net income of $96.8 million versus $23.2 million. Diluted EPS was $5.72 compared with $1.41. First‑half net sales reached $2,363.4 million and net income $159.3 million, up from $1,600.5 million and $44.8 million.
Operating cash flow for the first half was $147.4 million versus $72.9 million, alongside $43.8 million of capital spending, and cash and equivalents were $58.5 million at period end. The company carries $1,050.0 million of Senior Notes, no revolver borrowings, total equity of $943.8 million and has declared a quarterly dividend of $0.77 per share.
Kaiser Aluminum Corporation reported record preliminary results for the quarter ended June 30, 2026, with net sales of $1.26 billion ($1,256.6 million) versus $823.1 million a year earlier and shipments up 6% to 305.7 million pounds. Net income rose to $96.8 million, or $5.72 diluted EPS, compared to $23.2 million, or $1.41 per share. Adjusted net income was $93.6 million and adjusted diluted EPS $5.53.
Conversion Revenue reached $437.0 million, a 17% year-over-year increase, and adjusted EBITDA grew to $166.3 million, yielding a 38.1% margin, helped by higher-value packaging mix, improving aerospace demand and favorable metal price lag. In the first half, adjusted EBITDA of $294.8 million and strong cash generation funded $118 million of working capital, $44 million of capital investments and $26 million of dividends. Net debt leverage improved to 2.1x, and total liquidity was $628 million, including $58.5 million of cash and $570 million of revolving credit availability with no outstanding revolver borrowings. The company declared a $0.77 quarterly dividend and raised its 2026 outlook, now expecting Conversion Revenue growth at the high end of its prior 10% to 15% range and adjusted EBITDA growth of 45% to 55% year over year, assuming neutral metal price lag.
Dimensional Fund Advisors LP reports that it may be deemed to beneficially own 775,944 shares of Kaiser Aluminum Corp common stock, representing 4.7% of the class. It has sole voting power over 758,606 shares and sole dispositive power over 775,944 shares, with no shared voting or dispositive power.
The shares are owned by various investment companies, commingled funds, group trusts and separate accounts it advises (the “Funds”). Dimensional states that no individual Fund holds more than 5% of the class and disclaims beneficial ownership of all such securities beyond Section 13(d) purposes.
Kaiser Aluminum Corporation reported that its board of directors declared a quarterly cash dividend of $0.77 per share on its common stock. The dividend will be payable on August 14, 2026 to stockholders of record as of the close of business on July 24, 2026.
The company describes itself as a producer of semi-fabricated specialty aluminum products serving aerospace, packaging, general engineering, automotive extrusions and other industrial markets through its North American facilities. It highlights long-standing traditions of quality, innovation and service and notes that its stock is included in the Russell 2000 index and the S&P Small Cap 600 index.
The release also contains forward-looking statements regarding business conditions, demand drivers in key end markets, and factors that may influence the company’s financial strength, flexibility and its ability to pay or increase future dividends, referencing risk factors summarized in its Form 10-K for the year ended December 31, 2025.