---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-057221"
form_type: "8-K"
ticker: "KALU"
cik: "0000811596"
company_name: "KAISER ALUMINUM CORP"
filed_at: "2026-02-18T23:59:59+00:00"
generated_at: "2026-05-16T02:15:27.560403+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Kaiser Aluminum Q4 net income $28M; record full year adj. EBITDA $310M; guides 2026 up 5-15%

## Summary
- Q4 net sales $929M (+21% YoY); net income $28M ($1.68 diluted EPS) vs $20M ($1.21) prior year.
- Full year 2025 net sales $3.37B (+12%); net income $113M ($6.77 EPS); record adj. EBITDA $310M (21.3% margin).
- Net debt leverage improved to 3.4x from 4.3x at Dec 31, 2024; liquidity $547M.
- Quarterly dividend $0.77 per share declared and paid on Feb 13, 2026.
- FY 2026 outlook: conversion revenue +5-10%, adjusted EBITDA +5-15% YoY, driven by stronger ops.

## SEC filing metadata
- accession: 0001193125-26-057221
- form_type: 8-K
- ticker: KALU
- cik: 0000811596
- company_name: KAISER ALUMINUM CORP
- filed_at: 2026-02-18T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/811596/000119312526057221/0001193125-26-057221-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/811596/000119312526057221/kalu-20260218.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-057221
- JSON: https://secwatch.observer/filing/0001193125-26-057221.json
- Plain text: https://secwatch.observer/filing/0001193125-26-057221.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.