secwatch.observer — SEC 8-K summary
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Issuer:     KAISER ALUMINUM CORP (KALU)
CIK:        0000811596
Form:       8-K
Filed at:   2023-04-26T23:59:59+00:00
Accession:  0000950170-23-014865
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/811596/000095017023014865/0000950170-23-014865-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/811596/000095017023014865/kalu-20230426.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-014865

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