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Dec 31, 2024
Kaiser Aluminum Q4 2024 Earnings Report
Kaiser Aluminum reported its financial results for the fourth quarter and full year ended December 31, 2024.
Key Takeaways
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.
Net Sales for Q4 2024 increased to $765 million, up from $722 million in the prior year period, driven by a 3% increase in shipments.
Conversion Revenue for Q4 2024 was $358 million, a 1% decrease compared to the prior year period.
Net Income for Q4 2024 was $7 million, with Net Income per Diluted Share at $0.43.
Adjusted EBITDA for Q4 2024 was $50 million, with an Adjusted EBITDA Margin of 14.0%.
Revenue by Segment
Forward Guidance
For the full year 2025, Kaiser Aluminum expects consolidated conversion revenue to increase 5% to 10% and adjusted EBITDA margin to improve 50 to 100 basis points compared to 2024, with approximately 60% of the EBITDA contribution projected in the second half of 2025. The outlook reflects the expectation for overall market demand to stabilize and become more favorable throughout 2025.
Positive Outlook
- Consolidated conversion revenue expected to increase 5% to 10% in 2025.
- Adjusted EBITDA margin expected to improve by 50 to 100 basis points compared to 2024.
- Approximately 60% of the EBITDA contribution is projected in the second half of 2025.
- Overall market demand is expected to stabilize and become more favorable throughout 2025.
- Significant growth investments are nearing completion, enabling capitalization on future demand.
Challenges Ahead
- No specific negative forward guidance was provided in the report.
Revenue & Expenses
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