Welcome to our dedicated page for Kaiser Aluminum Corporation news (Ticker: KALU), a resource for investors and traders seeking the latest updates and insights on Kaiser Aluminum Corporation 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) reported fourth quarter 2022 net sales of $776 million, down from $806 million a year earlier, with a net loss of $26 million or $1.66 per diluted share. For the full year, net sales reached $3.4 billion, up from $2.6 billion, but the company still faced a net loss of $30 million. Adjusted EBITDA for Q4 was $30 million, representing an 8.4% margin. Challenges included supply chain disruptions and inflationary pressures. Looking forward, Kaiser anticipates improved demand in aerospace and plans capital investments of $170 million to $190 million in 2023, primarily for growth initiatives.
Kaiser Aluminum Corporation (NASDAQ: KALU) plans to release its fourth quarter and full year 2022 financial results on February 22, 2023, followed by a conference call on February 23, 2023. Notably, the Company is renaming 'value added revenue' to 'Conversion Revenue' and revising its calculation of Hedged Cost of Alloyed Metal as part of an effort to clarify financial reporting. The fourth quarter outlook for Adjusted EBITDA remains consistent with previous projections as stated in November 2022. Changes to Adjusted EBITDA reporting will align with new SEC guidance, impacting other non-GAAP measures as well.
Kaiser Aluminum Corporation (NASDAQ:KALU) has declared a quarterly cash dividend of $0.77 per share. This dividend will be payable on February 15, 2023, to shareholders who are on record by the close of business on January 25, 2023. Kaiser Aluminum, based in Franklin, TN, is a prominent producer of semi-fabricated specialty aluminum products, serving various industries including aerospace and automotive since its inception in 1946.
Kaiser Aluminum Corporation (NASDAQ: KALU) has announced that President and CEO Keith A. Harvey will participate in the Goldman Sachs Metals & Mining Conference on November 17, 2022. His presentation is scheduled for 12:45 p.m. ET, followed by investor meetings. The event will be streamed live, and an audio archive will be available for 30 days on the company’s website. Kaiser Aluminum specializes in semi-fabricated specialty aluminum products for various industries, with its stock included in the Russell 2000 and S&P Small Cap 600 indices.
Kaiser Aluminum Corporation (NASDAQ:KALU) reported third quarter 2022 net sales of $749 million, a slight dip from $751 million in the same period last year due to an 11% decline in shipments. Adjusted net income was $10 million, or $0.60 per diluted share, up from $9 million, or $0.57 per diluted share, a year earlier. The company faced $24 million in incremental costs due to supply chain disruptions, although magnesium supply issues have been resolved. Adjusted EBITDA dropped to $31 million, down from $50 million in Q3 2021, reflecting an 8.8% margin.
Kaiser Aluminum Corporation (NASDAQ:KALU) has declared a quarterly cash dividend of $0.77 per share, payable on November 15, 2022, to shareholders of record as of October 25, 2022. The company, a leading producer of semi-fabricated specialty aluminum products, continues to serve various markets including aerospace and automotive. Founded in 1946 and headquartered in Franklin, Tenn., Kaiser Aluminum is included in both the Russell 2000® and S&P Small Cap 600® indices, reflecting its ongoing commitment to quality and innovation.
Kaiser Aluminum Corporation (NASDAQ:KALU) will release its third quarter and first nine months 2022 financial results on October 19, 2022, post-market. The company has scheduled a quarterly conference call for October 20, 2022, at 10:00 AM Pacific Time. This call will be accessible through U.S. and international lines, with a conference call ID of 67161023. The call will also be available via a live webcast on the company’s website, ensuring investors can stay updated on performance metrics and company strategy.
Kaiser Aluminum Corporation (NASDAQ:KALU) announced the lifting of the force majeure declared on July 7, 2022, at its Warrick Rolling Mill due to magnesium supply issues. The company faced significant production limitations as its primary magnesium supplier, US Magnesium, ceased deliveries in June 2022. Kaiser has now secured alternative magnesium sources and is finalizing agreements for 2023, allowing it to restore full production. The company is collaborating with customers to ramp up output and meet demand after resuming normal operations.
Kaiser Aluminum Corporation (NASDAQ:KALU) has announced that President and CEO Keith A. Harvey will participate in the Jefferies Industrial Conference on August 9, 2022, at 2:30 PM Eastern time. Harvey will also engage in investor meetings throughout the day. A live webcast of his presentation can be accessed on the company's investor relations website, with an audio archive available for 30 days post-event. Kaiser Aluminum, based in Franklin, Tennessee, specializes in semi-fabricated specialty aluminum products across various industries.
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