Welcome to our dedicated page for Kaiser Aluminum news (Ticker: KALU), a resource for investors and traders seeking the latest updates and insights on Kaiser Aluminum stock.
Kaiser Aluminum Corporation (NASDAQ: KALU) is a prominent producer of semi-fabricated specialty aluminum products, headquartered in Franklin, Tennessee. Since its founding in 1946, Kaiser Aluminum has been dedicated to quality, innovation, and customer service, which are the pillars of its long-standing reputation.
The company primarily serves industrial customers, offering a diverse range of highly-engineered aluminum solutions for various markets including aerospace, high-strength packaging, general engineering, automotive extrusions, and other industrial applications. Their product portfolio includes fabricated aluminum mill products such as flat-rolled (plate, sheet, and coil), extruded (rod, bar, hollows, and shapes), drawn (rod, bar, pipe, tube, and wire), and certain cast aluminum products.
Kaiser Aluminum's operations are strategically located across North America, where each facility specializes in specific markets and processes. This specialization allows Kaiser to maintain high standards of quality and efficiency. The company's innovative approach is powered by its metallurgists, engineers, and sales personnel, who work closely with customers to exceed their expectations.
Highlighted by recent achievements, Kaiser Aluminum reported strong second quarter 2023 results, with adjusted EBITDA increasing significantly over the previous year. This success was driven by rebounding demand in key markets, particularly aerospace, where conversion revenue surpassed pre-pandemic levels. The company’s ability to flex capacity to accommodate rising demand positions it strongly for future growth.
Financially, Kaiser Aluminum remains robust. As of June 30, 2023, the company had cash and cash equivalents of $20 million and borrowing availability of $538 million under its revolving credit facility. This financial strength supports ongoing investments in growth initiatives, such as the new roll coat line at the Warrick facility, which is expected to enhance product quality and operational efficiency.
The company's stock is included in the Russell 2000® index and the S&P Small Cap 600® index, reflecting its stable market presence. For ongoing updates and detailed financial information, investors are encouraged to visit the investor relations section of Kaiser Aluminum's website.
Kaiser Aluminum (NASDAQ: KALU) will release its second quarter 2024 financial and operating results on July 24, 2024, after the market closes. The company will hold a conference call to discuss these results on July 25, 2024, at 9:00 a.m. Central Time. Investors can access the call from the U.S. and Canada at (877) 423-9813 or internationally at (201) 689-8573, using the conference call ID number 13747332. A live webcast and presentation slides will be available on the company's investor relations website, with an audio archive accessible following the call.
Kaiser Aluminum (NASDAQ: KALU) released its 2023 Sustainability Report, highlighting significant achievements in sustainability aligned with its corporate values.
Key points include the completion of a materiality assessment to integrate stakeholder perspectives, a 4% reduction in Scope 1 and 2 GHG emissions, progress towards 2030 GHG reduction targets, and efforts to use lower carbon electricity sources.
CEO Keith A. Harvey emphasized that the infinite recyclability of aluminum positions the company well for sustainable growth.
Kaiser Aluminum (NASDAQ: KALU) announced a change in the location for its 2024 Annual Meeting of Stockholders.
The meeting will now take place at the company's corporate office in Franklin, Tennessee, at 1550 West McEwen Drive, Suite 500.
The date and time remain unchanged: Tuesday, June 11, 2024, at 9:00 a.m. Central Time.
Further details are available in the proxy supplement filed with the SEC on May 21, 2024.
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