earnings
confidence high
sentiment positive
materiality 0.75
Kaiser Q2 beats expectations; aerospace conversion revenue up 48% YoY
KAISER ALUMINUM CORP
2023-Q2 EPS reported
$2.12
revenue$1,621,700,000
- Net income $18M ($1.14 EPS); adjusted EPS $1.26; adjusted EBITDA $64M (16.8% margin).
- Conversion revenue $379M (+8% YoY); aerospace segment $131M (+48%) on strengthening demand.
- Liquidity $558M; quarterly dividend $0.77/share declared, payable Aug 15, 2023.
- Outlook: Q3 results expected in line with Q1; full-year improvement cautiously optimistic.
- Capital investments $170-190M in 2023 focused on growth, including Warrick roll coat line.