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%.
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.
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