Kaiser Aluminum delivered its fourth consecutive quarter of results above expectations, driven by increased net sales and net income. The company reported $844 million in net sales and $40 million in net income, with adjusted EBITDA reaching $81 million. Despite non-recurring startup costs, favorable metal tailwinds contributed to the strong performance, leading to an upward revision of the full-year 2025 Adjusted EBITDA outlook.
Kaiser Aluminum Corporation announced robust second quarter 2025 results, with net sales reaching $823 million and net income at $23 million. The company's performance was bolstered by strong underlying business fundamentals and favorable metal tailwinds, leading to sustained margin levels and an upward revision of its full-year 2025 Adjusted EBITDA outlook.
Kaiser Aluminum Corporation reported a net income of $18.2 million for the first quarter of 2024, with basic EPS of $1.13. The company also announced a change in its inventory accounting methodology from LIFO to weighted average cost, effective January 1, 2025, which is expected to improve comparability of operational results.
Kaiser Aluminum reported a slight increase in net sales for Q4 2024, reaching $765 million, primarily driven by a 3% increase in shipments. However, conversion revenue saw a 1% decrease. The company's net income was $7 million, with adjusted net income at $6 million. Adjusted EBITDA for the quarter was $50 million, reflecting a slight decrease compared to the prior year.
Kaiser Aluminum Corporation reported a net sales increase to $748 million, a net income of $12 million, and an adjusted EBITDA of $50 million for Q3 2024. The company is optimistic about the coming year and their ability to continue to advance their strategic plan.
Kaiser Aluminum's second quarter 2024 results showed a decrease in net sales to $773 million compared to $814 million in the prior year period, driven by a 6% reduction in shipments. Net income was $3 million, impacted by a $9 million unfavorable non-cash LIFO charge. The company is revising its financial outlook due to reduced commercial jet build rates and an extended outage at the Warrick facility.
Kaiser Aluminum's first quarter 2024 results exceeded internal expectations, driven by improved operating efficiencies. Net income increased to $25 million, or $1.51 per diluted share, compared to $16 million, or $0.99 per diluted share, in the prior year period. Adjusted EBITDA was $62 million with a margin of 17.0%. The company is maintaining its full year 2024 outlook.
Kaiser Aluminum reported fourth-quarter results with net sales of $722 million and conversion revenue of $361 million. Net income was $8 million, or $0.47 per diluted share, while adjusted net income was $10 million, or $0.60 per diluted share. Adjusted EBITDA was $52 million, with a margin of 14.3%. The company saw strong performance in its aerospace/high strength applications but faced challenges in other markets due to destocking activities.
Kaiser Aluminum Corporation reported third quarter 2023 results with net sales of $744 million and net income of $5 million. Adjusted EBITDA was $48 million, an increase of $19 million over the prior year period. The company saw strong demand for aerospace products, while demand for packaging and general engineering faced headwinds.
Kaiser Aluminum Corporation reported second quarter 2023 results with net sales of $814 million and net income of $18 million. Adjusted EBITDA was $64 million, and liquidity remained strong at $558 million as of June 30, 2023. The company expects third quarter 2023 adjusted EBITDA and adjusted EBITDA margin to be in line with its adjusted first quarter 2023 results.
Kaiser Aluminum Corporation reported first quarter results with net sales of $808 million and net income of $16 million, or $0.99 per diluted share. The company's performance was driven by strengthening aerospace demand and a strong market position, which helped offset destocking in the packaging market. The company remains focused on cost reductions, improving manufacturing efficiencies, and commercial actions to improve margins.
Kaiser Aluminum Corporation reported a net sales of $776 million and a net loss of $26 million for the fourth quarter of 2022. The adjusted EBITDA was $30 million with a margin of 8.4%. The company faced challenges including supply chain disruptions and inflationary cost pressures.
Kaiser Aluminum Corporation reported third quarter 2022 results, with net sales of $749 million and a net income of $3 million, or $0.16 per diluted share. The results were impacted by supply chain issues and costs, but the company has resolved these challenges and expects improved performance in the fourth quarter.
Kaiser Aluminum Corporation reported a net sales increase to $954 million compared to $741 million in the prior year period. However, the company faced challenges due to metal and magnesium supply chain issues, resulting in a net loss of $14 million, or $0.87 loss per diluted share.
Kaiser Aluminum Corporation reported a strong first quarter in 2022, with net sales increasing to $949 million and value added revenue reaching $370 million. Net income was $8 million, with adjusted EBITDA at $55 million. The company experienced strong demand in general engineering and packaging sectors, and a continued recovery in aerospace.
Kaiser Aluminum Corporation reported an increase in net sales for the fourth quarter of 2021, driven by a significant rise in shipments and a modest increase in average selling price per pound. Value added revenue also saw substantial growth, primarily due to the company's packaging business. However, the adjusted EBITDA margin decreased compared to the prior year period due to higher costs related to magnesium and metal supply chain issues.
Kaiser Aluminum reported a net loss of $2 million for Q3 2021, impacted by supply chain issues and rising costs, despite strong end market demand. Adjusted net income was $9 million, and adjusted EBITDA was $50 million.
Kaiser Aluminum Corporation reported a net loss of $22 million for Q2 2021, which includes pre-tax charges of $36 million related to senior notes refinancing. However, the company's adjusted net income was $16 million, or $1.00 per diluted share, and adjusted EBITDA was $59 million, driven by the Warrick Rolling Mill acquisition and improvements in end markets.
Kaiser Aluminum Corporation reported first quarter 2021 results with net sales of $324 million and net income of $5 million, or $0.28 per diluted share. Adjusted net income was $10 million, or $0.64 per diluted share. The company successfully completed the acquisition of Alcoa Warrick LLC, adding the packaging end market to its portfolio.
Kaiser Aluminum Corporation reported fourth quarter and full year 2020 results, reflecting solid execution under very challenging business conditions. Value added revenue for the fourth quarter 2020 decreased to $152 million from $213 million in the prior year period, primarily driven by the decline in commercial aerospace demand.
Kaiser Aluminum Corporation reported a net income of $0.4 million and adjusted earnings per diluted share of $0.33 for the third quarter of 2020. The results were driven by a rebound in automotive demand and continued strength in demand for defense and general engineering applications, but were impacted by the ongoing pandemic, particularly in the commercial aerospace sector.
Kaiser Aluminum Corporation reported a net loss of $7 million for the second quarter of 2020, with adjusted earnings per diluted share of $0.36. The company's value added revenue decreased to $175 million, reflecting a 24% decrease in shipments due to COVID-19 impacts. Despite the challenges, the company maintained a strong liquidity position of approximately $1.0 billion.
Kaiser Aluminum Corporation reported a net income of $29 million, or $1.81 per diluted share, for the first quarter of 2020. The company's adjusted EBITDA reached a record $59 million, with an adjusted EBITDA margin of 27.4%.
Kaiser Aluminum Corporation reported a net loss of $11 million for Q4 2019, which includes pre-tax charges of $45 million related to senior notes refinancing and goodwill impairment. However, adjusted net income was $29 million, or $1.79 per diluted share, compared to $30 million, or $1.77 per diluted share, for the prior year period. Value added revenue increased to $213 million, driven by strong aerospace demand.