secwatch.observer — SEC 8-K summary
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Issuer:     KAISER ALUMINUM CORP (KALU)
CIK:        0000811596
Form:       8-K
Filed at:   2024-02-21T23:59:59+00:00
Accession:  0000950170-24-017999
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kaiser Aluminum reports FY2023 net income $47M, adj. EBITDA $210M (+48% YoY); record aerospace conversion revenue
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/811596/000095017024017999/0000950170-24-017999-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/811596/000095017024017999/kalu-20240221.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-017999

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