secwatch.observer — SEC 8-K summary
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Issuer:     KAISER ALUMINUM CORP (KALU)
CIK:        0000811596
Form:       8-K
Filed at:   2023-02-22T23:59:59+00:00
Accession:  0000950170-23-003796
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kaiser Aluminum reports Q4 net loss $26M, full-year net loss $30M; adjusted EBITDA down 23% YoY
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- Q4 net loss $26M ($1.66 loss per diluted share); adjusted net loss $7M ($0.45 loss per share).
- Full-year net loss $30M ($1.86 loss per diluted share); adjusted net loss $2M ($0.14 loss per share).
- Q4 adjusted EBITDA $30M (8.4% margin) vs $49M (15.5% margin) in prior year; full-year adjusted EBITDA $142M (10.3% margin) vs $185M (16.6% margin).
- Conversion revenue Q4 $356M (+13% YoY); full-year $1.4B (+24% YoY) but impacted by change in alloyed metal cost presentation.
- 2023 outlook: Q1 adjusted EBITDA margin expected to improve ~200 bps from Q4; capex $170-190M; no full-year EBITDA guidance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/811596/000095017023003796/0000950170-23-003796-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/811596/000095017023003796/kalu-20230222.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-003796

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer