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) 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.
FAQ
What is the current stock price of Kaiser Aluminum Corporation (KALU)?
What is the market cap of Kaiser Aluminum Corporation (KALU)?
What does Kaiser Aluminum Corporation manufacture?
Where is Kaiser Aluminum headquartered?
What markets does Kaiser Aluminum serve?
How did Kaiser Aluminum perform in the second quarter of 2023?
What are some of Kaiser Aluminum's recent initiatives?
How financially strong is Kaiser Aluminum?
What stock indices include Kaiser Aluminum?
What are Kaiser Aluminum's future growth prospects?
How does Kaiser Aluminum maintain high product quality?
Where can investors find more information about Kaiser Aluminum?
