Kaiser Aluminum Q1 net income $25M ($1.51 EPS), adj. EPS $1.02, adj. EBITDA $62M, margins improve

KAISER ALUMINUM CORP

2024-Q1 EPS reported $1.51 revenue$737,500,000

Net sales $738M; conversion revenue $367M, down 1% YoY but up 2% per pound.
Adjusted EBITDA $62M (+$16M YoY); margin 17.0% vs 12.7% in Q1 2023.
Aerospace/high strength conversion revenue +12% YoY on 8% volume growth.
Packaging conversion revenue -11% YoY on 7% volume decline from destocking.
Maintains 2024 outlook: conversion revenue +2-3%, EBITDA margin +70-170 bps.

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 0.95

KAISER ALUMINUM CORP reported the quarter ended March 31, 2024 results: revenue $738 million, net income $25 million, EPS $1.51 per diluted share. Guidance reaffirmed.

Period: the quarter ended March 31, 2024
Revenue: $738 million
Net income: $25 million
EPS: $1.51 per diluted share
Guidance: reaffirmed
Result: preliminary results

Exact text from the filing

Kaiser Aluminum Corporation Reports First Quarter 2024 Financial Results First Quarter 2024 Highlights: o Net Sales $738 Million; Conversion Revenue $367 Million o Net Income $25 Million; Net Income per Diluted Share $1.51 o Adjusted Net Income $17 Million; Adjusted Net Income per Diluted Share $1.02 o Adjusted EBITDA $62 Million; Adjusted EBITDA Margin 17.0% o Improved Cost Controls and Operating Efficiencies Across the Platform o Maintaining Full Year 2024 Outlook

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Source: SEC EDGAR

accession 0000950170-24-047654

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