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Mar 31, 2022
Kaiser Aluminum Q1 2022 Earnings Report
Reported first quarter results with increased net sales and value added revenue, reflecting strong demand in general engineering and packaging, and continued aerospace recovery.
Key Takeaways
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.
Net sales reached $949 million, and value added revenue was $370 million.
Net income was $8 million, resulting in a net income per diluted share of $0.51.
Adjusted EBITDA stood at $55 million, with an adjusted EBITDA margin of 14.8%.
Strong demand was observed in general engineering and packaging, with aerospace recovery progressing as expected.
Revenue by Segment
Forward Guidance
Kaiser Aluminum anticipates a year-over-year increase in value added revenue of 20% to 25% and a consolidated adjusted EBITDA margin of 17% to 20% for the full year 2022. Expects second quarter major maintenance expense to be approximately $8 million to $10 million higher than the first quarter due to the timing of projects planned at several facilities
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Avg. Return Before/After Earnings
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