secwatch.observer — SEC 8-K summary
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Issuer:     KAISER ALUMINUM CORP (KALU)
CIK:        0000811596
Form:       8-K
Filed at:   2026-02-18T23:59:59+00:00
Accession:  0001193125-26-057221
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/811596/000119312526057221/0001193125-26-057221-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/811596/000119312526057221/kalu-20260218.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-057221

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