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 Corporation will release its first quarter 2025 financial results on Wednesday, April 23, 2025, after market close.
A conference call will be held on Thursday, April 24, 2025, at 10:00 a.m. Eastern Time to discuss the results.
The company changed its inventory accounting method from LIFO to weighted average cost, effective January 1, 2025.
This accounting change is expected to improve comparability of operational results and simplify the financial close process.
The company did not provide specific forward guidance in this announcement, which primarily focused on the earnings release schedule and an accounting methodology change.
Analyze how earnings announcements historically affect stock price performance