earnings
confidence high
sentiment positive
materiality 0.75
Kaiser Aluminum Q3 net income $12M ($0.74 EPS); adjusted EBITDA $50M, margin 13.9%
KAISER ALUMINUM CORP
2024-Q3 EPS reported
$2.44
revenue$2,258,600,000
- Net sales $748M (+0.5% YoY); conversion revenue $362M (+1%); net income $12M vs $5M YoY.
- Adjusted EBITDA $50M (13.9% margin) vs $48M (13.3%) YoY; includes $4M GAAP LIFO charge.
- Aerospace/high-strength conversion revenue $128M (-5% YoY on 7% lower shipments); packaging $128M (+9%).
- Quarterly dividend $0.77/share declared, payable Nov 15, 2024 to holders of record Oct 25.
- Full-year 2024 guidance: conversion revenue stable to +1%; adj. EBITDA margin improvement 50-100 bps excl. LIFO.