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Jun 30, 2022
Kaiser Aluminum Q2 2022 Earnings Report
Second quarter 2022 results reflected a challenging environment due to metal and magnesium supply chain issues, which negatively impacted results.
Key Takeaways
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.
Net sales reached $954 million, with value added revenue of $376 million.
The company experienced a net loss of $14 million, with a net loss per diluted share of $0.87.
Adjusted EBITDA was $41 million, with an adjusted EBITDA margin of 10.9%.
Strong demand persisted for general engineering and packaging, and the aerospace recovery continued as expected.
Revenue by Segment
Forward Guidance
The company continues to aggressively address supply chain issues, while executing on strategic plans for further growth. The company remains well positioned for continued long-term growth with a diversified portfolio and strong secular growth trends in each of our served end markets.
Positive Outlook
- Warrick transformation into a highly efficient and independent operation
- Execution of strategic plans for further growth
- Diversified portfolio
- Strong secular growth trends in served end markets
- Solid fundamentals in aerospace, packaging, automotive and general engineering end markets
Challenges Ahead
- Warrick rolling mill’s supply chain issues remain challenging
- Specific challenges with the September 2021 force majeure declaration of its primary magnesium supplier US Magnesium, LLC,
- Significant reduction in deliveries
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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