earnings
confidence high
sentiment positive
materiality 0.80
Kaiser Aluminum reports FY2023 net income $47M, adj. EBITDA $210M (+48% YoY); record aerospace conversion revenue
KAISER ALUMINUM CORP
2023-FY EPS reported
$2.92
revenue$3,087,000,000
- Full year net income $47M ($2.92 EPS); adjusted net income $44M ($2.74 EPS).
- Adjusted EBITDA $210M vs $142M in 2022; margin 14.3% vs 10.3%.
- Aerospace/high strength conversion revenue record $533M, up 50% YoY on 36% higher shipments.
- 2024 outlook: conversion revenue +2-3%, adj. EBITDA margin +70-170 bps; destocking abating.
- Liquidity $599M as of Dec 31, 2023; quarterly dividend $0.77/share maintained.