Kaiser Aluminum reports Q3 net income $5M, adjusted EBITDA $48M; aerospace demand strong, packaging slows

KAISER ALUMINUM CORP

2023-Q3 EPS reported $2.46 revenue$2,365,300,000

Net income $5M ($0.34 diluted EPS); adjusted net income $7M ($0.46 adjusted EPS).
Conversion revenue $357M (+11% YoY); aerospace/high-strength up 72% to $134M, packaging down 9% to $118M.
Adjusted EBITDA $48M (13.3% margin) vs $29M (8.9%) in Q3 2022; total liquidity $574M as of Sept 30.
Q4 2023 outlook: consolidated adjusted EBITDA expected in line to slightly higher vs Q4 2022.
Full-year 2023 capex guided at $170M-$180M, primarily for new roll coat line at Warrick facility.

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 1.0

KAISER ALUMINUM CORP reported third quarter 2023 results: revenue $744 million, net income $5 million, EPS $0.34 per diluted share.

Period: third quarter 2023
Revenue: $744 million
Net income: $5 million
EPS: $0.34 per diluted share
Result: preliminary results

Exact text from the filing

reference. --- EX-99.1 (EX-99.1) --- EX-99.1 Exhibit 99.1 Kaiser Aluminum Corporation Reports Third Quarter 2023 Financial Results Third Quarter 2023 Highlights: o Net Sales $744 Million; Conversion Revenue $357 Million o Net Income $5 Million; Net Income per Diluted Share $0.34 o Adjusted Net Income $7 Million; Adjusted Income per Diluted Share $0.46 o Adjusted

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

KAISER ALUMINUM CORP reported the quarter ended September 30, 2023 results: revenue $744 million, net income $5 million, EPS $0.34.

Period: the quarter ended September 30, 2023
Revenue: $744 million
Net income: $5 million
EPS: $0.34
Result: preliminary results

Exact text from the filing

reference. --- EX-99.1 (EX-99.1) --- EX-99.1 Exhibit 99.1 Kaiser Aluminum Corporation Reports Third Quarter 2023 Financial Results Third Quarter 2023 Highlights: o Net Sales $744 Million; Conversion Revenue $357 Million o Net Income $5 Million; Net Income per Diluted Share $0.34 o Adjusted Net Income $7 Million; Adjusted Income per Diluted Share $0.46 o Adjusted

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Source: SEC EDGAR

accession 0000950170-23-055229

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