earnings
confidence high
sentiment neutral
materiality 0.70
Kaiser Aluminum Q2 net income $3M, adj. EBITDA $54M; guides FY conversion revenue flat to up 1%
KAISER ALUMINUM CORP
2024-Q2 EPS reported
$1.69
revenue$1,510,900,000
- Net sales $773M, conversion revenue $369M; net income $3M ($0.19 diluted EPS); adjusted EPS $0.65.
- Adjusted EBITDA $54M, margin 14.5% vs 16.8% a year ago; impacted by $9M non-cash LIFO charge.
- Aerospace/high strength conversion revenue up 2% YoY; packaging down 11% due to Warrick outage.
- FY2024 guidance: conversion revenue flat to up 1%, adj. EBITDA margin improve 50-100 bps over 2023.
- Quarterly dividend $0.77/share declared, payable Aug 15, record Jul 25.