secwatch.observer — SEC 8-K summary
======================================

Issuer:     KAISER ALUMINUM CORP (KALU)
CIK:        0000811596
Form:       8-K
Filed at:   2023-10-25T23:59:59+00:00
Accession:  0000950170-23-055229
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/811596/000095017023055229/0000950170-23-055229-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/811596/000095017023055229/kalu-20231025.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-055229

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