Kaiser Aluminum Q1 net sales $808M, conversion rev $369M, adj. EBITDA $47M; aerospace strength

KAISER ALUMINUM CORP

2023-Q1 EPS reported $0.99 revenue$807,600,000

Q1 net sales $808M (-15% YoY); conversion revenue $369M (+4% YoY). Net income $16M ($0.99 GAAP EPS).
Adjusted net income $7M ($0.42 adj. EPS); adjusted EBITDA $47M (12.7% margin) vs $52M (14.8%) in Q1 2022.
Aerospace/high strength conversion revenue up 39% YoY on 28% shipment increase; packaging conversion rev down 8% on destocking.
Dividend of $0.77/share declared, payable May 15; 2023 capex guidance $170M-$190M, focused on Warrick expansion.
Q2 outlook: adj. EBITDA margin flat to slightly higher; expects aerospace recovery to continue but packaging destocking persists.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

KAISER ALUMINUM CORP reported quarter ended March 31, 2023 results: revenue $808 Million, net income $16 Million, EPS $0.99.

Period: quarter ended March 31, 2023
Revenue: $808 Million
Net income: $16 Million
EPS: $0.99
Result: preliminary results

Exact text from the filing

First Quarter 2023 Highlights: o Net Sales $808 Million; Conversion Revenue $369 Million o Net Income $16 Million; Net Income per Diluted Share $0.99

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44 earnings releases filed in the last 30 days. Browse all earnings releases →

KAISER ALUMINUM CORP filing history →

Source: SEC EDGAR

accession 0000950170-23-014865

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