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 Corporation (NASDAQ:KALU) announced that its CEO, Keith A. Harvey, will present at the Goldman Sachs Global Metals & Mining Conference on November 18, 2021, at 1:00 PM Eastern Time. The presentation will be virtual, followed by meetings with investors throughout the day. A live webcast will be available on the Company’s website, along with an audio archive for 30 days post-event. Kaiser Aluminum, based in Foothill Ranch, California, specializes in semi-fabricated specialty aluminum products for various industries and is listed in the Russell 2000® and S&P Small Cap 600® indices.
Kaiser Aluminum Corporation (NASDAQ:KALU) reported strong third-quarter 2021 results with net sales of $751 million, up from $256 million YoY. However, the company faced a net loss of $2 million or $0.14 per diluted share. Adjusted net income rose to $9 million ($0.57 per diluted share), reflecting robust demand and integration of the Warrick operation. Nonetheless, supply chain disruptions and rising costs impacted adjusted EBITDA, which stood at $50 million (16.5% margin). For the first nine months, net sales reached $1,816 million, despite challenges with semiconductor shortages affecting automotive revenue. Outlook remains cautious due to ongoing cost pressures.
Kaiser Aluminum Corporation (NASDAQ:KALU) announced a quarterly cash dividend of $0.72 per share, payable on November 15, 2021, to shareholders of record on October 25, 2021. Headquartered in Foothill Ranch, California, Kaiser Aluminum is a leading producer of semi-fabricated specialty aluminum products. The company operates facilities in North America, focusing on engineered solutions for various industries including aerospace and automotive. It is also listed in the Russell 2000® and S&P Small Cap 600® indices.
Kaiser Aluminum Corporation (NASDAQ:KALU) will release its Q3 and 9-month financial results on October 20, 2021, after market close. A conference call to discuss these results will be held on October 21, 2021, at 10:00 a.m. PT. Interested parties can access the call at (800) 697-5978 in the U.S. and (630) 691-2750 internationally, using ID 6914988. The Company specializes in semi-fabricated specialty aluminum products and is a key player in sectors such as aerospace and automotive.
Kaiser Aluminum Corporation (NASDAQ:KALU) announced the appointment of Michael C. Arnold and Kevin W. Williams as independent directors. Arnold, previously CEO of Ryerson Inc., brings extensive metal industry experience, while Williams is the CEO of GAA Manufacturing, offering insights into supply chain management and the automotive sector. Their expertise is expected to enhance Kaiser Aluminum's leadership, as highlighted by Executive Chairman Jack A. Hockema. The company continues to focus on providing high-quality aluminum products across various industries.
Kaiser Aluminum Corporation (NASDAQ: KALU) reported Q2 2021 net sales of $741 million, marking a 184% increase year-over-year. Despite this growth, the company posted a net loss of $22 million or $1.42 per diluted share, influenced by $36 million in pre-tax charges related to senior note refinancing. Adjusted net income stood at $16 million with an adjusted EBITDA of $59 million. Amid rising costs and integration challenges from the acquisition of Warrick Rolling Mill, Kaiser anticipates improving market trends and a projected $2 billion in value-added revenue by the end of the decade.
Kaiser Aluminum Corporation (NASDAQ:KALU) has declared a quarterly cash dividend of $0.72 per share, payable on August 13, 2021, to shareholders of record by the close of business on July 23, 2021. This decision reflects the company's ongoing commitment to returning value to shareholders while navigating the market uncertainties arising from the global pandemic. Kaiser Aluminum is a leading producer of specialty aluminum products, serving various industries including aerospace and automotive.
Kaiser Aluminum Corporation (NASDAQ:KALU) will announce its second quarter and first half 2021 financial results on July 21, 2021, after market close. A conference call is scheduled for July 22, 2021, at 10:00 AM Pacific, where investors can gain insights on the company's financial performance and outlook. Interested parties can access the call via a provided U.S. and international phone number or through a webcast on the company's website. Kaiser Aluminum produces specialty aluminum products for various industries, including aerospace and automotive.
Kaiser Aluminum (NASDAQ:KALU) announced that its Warrick facility in Indiana received Provisional Performance Standard Certification from the Aluminum Stewardship Initiative (ASI). This certification is significant as it marks the facility as the first of its kind in the North American packaging industry to meet ASI standards for responsible aluminum sourcing. CEO Keith A. Harvey emphasized the certification as a milestone in promoting sustainable practices in aluminum production, aligning with trends in the beverage and food packaging sectors.
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