earnings
confidence high
sentiment positive
materiality 0.65
Kaiser Aluminum Q3 adj. EPS $0.60; Warrick/Trentwood issues resolved, Q4 outlook improves
KAISER ALUMINUM CORP
2022-Q3 EPS reported
-$0.20
revenue$2,651,900,000
- Adjusted EBITDA $31M (8.8% margin) vs $50M (16.5%) prior year; impacted by $24M supply chain costs.
- Warrick magnesium/metal supply issues resolved and Trentwood planned outage completed; capacity fully restored.
- Q4 adjusted EBITDA and margin expected similar to first half 2022, indicating improvement from Q3.
- Reported net income $3M ($0.16 diluted EPS); adjusted net income $10M ($0.60 diluted EPS).
- Cash $129M; no revolver borrowings; full-year capex outlook lowered to $165-175M.