Kaiser Aluminum

Kaiser Aluminum Corp. engages in the manufacture and sale of semi-fabricated specialty aluminum products. The firm caters to the aerospace, general engineering, automotive, and custom industrial applications industries. Its products include plate, sheet, coil, hard alloy shapes, soft alloy extrusions, seamless and structural extruded, drawn tube, hard alloy rod, bar, wire and forge stock. The company was founded by Henry J. Kaiser in 1946 and is headquartered in Foothill Ranch, CA.

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Kaiser Aluminum navigates challenges, focuses on cost management for growth

Kaiser Aluminum faced challenges in Q4 2022 due to Warrick operations but showed resilience in liquidity and progress at Warrick.
Despite a decrease in full-year Adjusted EBITDA, the company is focused on improvement and cost management for profitability in 2023.
Opportunities lie in contract negotiations, operational enhancements, and strategic cost management initiatives.
The company remains vigilant in monitoring input costs and aligning pricing strategies for sustainable growth.

Kaiser Aluminum reports robust Q1 earnings, eyes aerospace growth

Kaiser Aluminum (KALU) delivered a strong Q1 2023 performance driven by pricing traction, demand trends, and cost reduction efforts. The company maintains a healthy liquidity position and is optimistic about the outlook for Q2 2023. Challenges lie in managing EBITDA margins and addressing questions on investment and demand trends.

Kaiser Aluminum reports robust Q2 earnings, eyes aerospace growth

Kaiser Aluminum delivered strong Q2 2023 results with notable EBITDA growth and improved margins.
While facing challenges in packaging and general engineering, the company's focus on aerospace and strategic initiatives offer growth prospects.
Maintaining liquidity and prudent financial management will be crucial amidst capital expenditure plans and segment-specific challenges.
Overall, Kaiser Aluminum's performance reflects resilience and strategic positioning for future growth opportunities.

Kaiser Aluminum faces Q3 challenges but eyes aerospace growth

Kaiser Aluminum faces challenges from destocking and inflationary costs in Q3 2023, impacting financial performance. However, the company's strategic focus on sustainability and growth initiatives, along with opportunities in aerospace demand and business stabilization, position it for future success.

Kaiser Aluminum reports strong 2023 results and strategic growth outlook

Kaiser Aluminum's strong Q4 performance and record 2023 results reflect operational excellence and market resilience. The company's strategic investments in capacity expansion and customer relationships position it for growth in aerospace and engineering markets.
Challenges in packaging and inflationary pressures are being addressed through operational efficiencies and strategic planning. Opportunities in multi-year contracts, market expansion, and margin enhancement pave the way for sustained profitability and growth.
Despite uncertainties in market responses and external factors, Kaiser Aluminum's focus on customer service, operational improvements, and strategic investments underscores its commitment to long-term success. The outlook for 2024 signals a positive trajectory for the company's performance and market positioning.
Balancing challenges with opportunities, Kaiser Aluminum aims to navigate market dynamics and drive profitability through efficient operations and strategic investments. The company's focus on enhancing capacity, customer relationships, and profitability sets the stage for continued success and growth.

Kaiser Aluminum surpasses Q1 expectations, eyes revenue growth in 2024

Kaiser Aluminum delivered strong financial results in Q1 2024, with a focus on operational efficiency and financial discipline. The company aims to optimize its capital structure and drive revenue growth across key segments while maintaining a prudent approach to debt management.

Kaiser Aluminum reports Q2 2024 performance, faces segment challenges

Kaiser Aluminum navigated mixed performance in Q2 2024 with strong demand in certain segments but challenges in others. The company's focus on liquidity and operational adjustments will be crucial for sustaining growth and profitability in the coming quarters.

Kaiser Aluminum reports solid Q3 performance, eyes growth opportunities

Kaiser Aluminum's Q3 performance reflects stability and progress towards revenue goals. Strong leadership, diversified market presence, and financial transparency are key strengths. Challenges include industry-specific issues and external uncertainties, while opportunities exist in market expansion and operational enhancements.

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Kaiser Aluminum Corp. engages in the manufacture and sale of semi-fabricated specialty aluminum products. The firm caters to the aerospace, general engineering, automotive, and custom industrial applications industries. Its products include plate, sheet, coil, hard alloy shapes, soft alloy extrusions, seamless and structural extruded, drawn tube, hard alloy rod, bar, wire and forge stock. The company was founded by Henry J. Kaiser in 1946 and is headquartered in Franklin, TN.

FOOTHILL RANCH, Calif., April  29, 2020  (GLOBE NEWSWIRE) -- Kaiser Aluminum Corporation (Nasdaq:KALU) announced today that it plans to offer an additional $50.0 million aggregate principal amount of senior notes due 2025 (the “notes”) in a private transaction that is exempt from the registration requirements of the Securities Act of 1933 (the “Act”). The notes will be issued under the indenture pursuant to which Kaiser Aluminum previously issued $300.0 million aggregate principal amount of 6.500% senior notes due 2025 (the "initial notes"), all of which remains outstanding. The notes will be treated as the same class and series as, and otherwise identical to, the initial notes other than with respect to the date of issuance and issue price.

Kaiser Aluminum Corporation Announces Proposed  Private Placement of Additional Senior Notes

FOOTHILL RANCH, Calif., April  21, 2020  (GLOBE NEWSWIRE) -- Kaiser Aluminum Corporation (Nasdaq:KALU) announced today that it has priced $300.0 million aggregate principal amount of 6.500% senior notes due 2025 (the “notes”) in a private transaction that is exempt from the registration requirements of the Securities Act of 1933 (the “Act”).

Kaiser Aluminum Corporation Announces Pricing of New Senior Notes

FOOTHILL RANCH, Calif., April  21, 2020  (GLOBE NEWSWIRE) -- Kaiser Aluminum Corporation (Nasdaq:KALU) announced today that it plans to offer $300.0 million aggregate principal amount of senior notes due 2025 (the “notes”) in a private transaction that is exempt from the registration requirements of the Securities Act of 1933 (the “Act”).

Kaiser Aluminum Corporation Announces Proposed Private Placement of New Senior Notes

Kaiser Aluminum Corporation (KALU) CEO Jack Hockema on Q1 2020 Results - Earnings Call Transcript

Kaiser Aluminum's (KALU) CEO Jack Hockema on Q4 2019 Results - Earnings Call Transcript

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Kaiser (KALU) rewards shareholders with a 12% hike in the quarterly dividend rate. This underpins its strong cash position.

Kaiser's Board Okays 12% Hike in Quarterly Dividend Rate

FOOTHILL RANCH, Calif., Jan.  14, 2020  (GLOBE NEWSWIRE) -- Kaiser Aluminum Corporation (NASDAQ:KALU) today announced that its Board of Directors has declared a quarterly cash dividend of $0.67 per share representing a 12% increase over the prior quarter's dividend. The dividend will be payable on February 14, 2020 to shareholders of record as of the close of business on January 24, 2020.

Kaiser Aluminum Corporation Announces a 12 Percent Increase in Quarterly Dividend Payment

FOOTHILL RANCH, Calif., Dec.  16, 2019  (GLOBE NEWSWIRE) -- Kaiser Aluminum Corporation (NASDAQ:KALU) today announced that union members at the Company’s Newark, OH and Spokane, WA (“Trentwood”) facilities have ratified a new five-year labor agreement.

Kaiser Aluminum Corporation Announces the United Steelworkers Ratification of a New Five-Year Labor Agreement

FOOTHILL RANCH, Calif., Nov.  26, 2019  (GLOBE NEWSWIRE) -- Kaiser Aluminum Corporation (Nasdaq:KALU) announced today that it has closed its offering of $500.0 million aggregate principal amount of 4.625% senior notes due 2028 (the “notes”) in a private transaction that is exempt from the registration requirements of the Securities Act of 1933 (the “Act”). The notes are or will be guaranteed by each of Kaiser Aluminum’s existing and future domestic subsidiaries that is a borrower or guarantor under Kaiser Aluminum’s revolving credit facility.

Kaiser Aluminum Corporation Announces Closing of New Senior Notes Offering

Kaiser (KALU) prices $500 million worth of senior notes offerings. The proceeds will likely be used for the redemption of existing senior notes and general corporate purposes.

Kaiser Prices Notes Offering, to Use Proceeds for Redemption

FOOTHILL RANCH, Calif., Nov.  19, 2019  (GLOBE NEWSWIRE) -- Kaiser Aluminum Corporation (Nasdaq:KALU) announced today that it has priced $500.0 million aggregate principal amount of 4.625% senior notes due 2028 (the “notes”) in a private transaction that is exempt from the registration requirements of the Securities Act of 1933 (the “Act”). The notes will be guaranteed by each of Kaiser Aluminum’s existing and future domestic subsidiaries that is a borrower or guarantor under Kaiser Aluminum’s revolving credit facility. The consummation of the offering of the notes is expected to be completed on November 26, 2019, subject to customary closing conditions.

Kaiser Aluminum Corporation  Announces Pricing of New Senior Notes

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FOOTHILL RANCH, Calif., Oct.  30, 2019  (GLOBE NEWSWIRE) -- Kaiser Aluminum Corporation (NASDAQ:KALU) today announced that it has entered into a $375 million, five-year senior secured revolving credit facility replacing its previously existing facility that was due to mature in December 2020. The new facility increases the lending commitment by $75 million and provides more favorable pricing and greater flexibility than the previous facility. As of the October 30, 2019 effective date, borrowing availability under the new facility, net of outstanding letters of credit, was approximately $353 million based upon a borrowing base of eligible accounts receivable and inventory and certain machinery and equipment. There are no borrowings under the revolving credit facility.

Kaiser Aluminum Corporation Announces New Five-Year, $375 Million, Senior Secured Revolving Credit Facility

Kaiser Aluminum's (KALU) CEO Jack Hockema on Q3 2019 Results - Earnings Call Transcript

Kaiser (KALU) delivered earnings and revenue surprises of -7.61% and -5.57%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

Kaiser Aluminum (KALU) Q3 Earnings and Revenues Lag Estimates

FOOTHILL RANCH, Calif., Oct.  15, 2019  (GLOBE NEWSWIRE) -- Kaiser Aluminum Corporation (NASDAQ:KALU) today announced that its Board of Directors has declared a quarterly cash dividend of $0.60 per share. The dividend will be payable on November 15, 2019 to shareholders of record as of the close of business on October 25, 2019.

Kaiser Aluminum Corporation  Announces  Quarterly Dividend Payment

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Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Kaiser Aluminum (KALU) have what it takes?

Why Kaiser Aluminum (KALU) is a Great Dividend Stock Right Now

FOOTHILL RANCH, Calif., Sept.  19, 2019  (GLOBE NEWSWIRE) -- Kaiser Aluminum Corporation (NASDAQ:KALU) today announced that its board of directors increased the number of authorized members of its board of directors from 11 to 12 and appointed Leo W. Gerard to fill the vacancy on the Board resulting from the increase of authorized members of the Board. Mr. Gerard served as International President of the United Steel, Paper and Forestry, Rubber, Manufacturing, Energy, Allied Industrial and Service Workers International Union, AFL-CIO, CLC (formerly known as the United Steelworkers of America, AFL-CIO, CLC) (the “USW”) from 2001 until his retirement in July 2019.  During that time, Mr. Gerard was a co-founder of the BlueGreen Alliance, an alliance uniting America’s largest labor unions with influential environmental organizations dedicated to expanding the number and quality of jobs in the clean energy economy.

Kaiser Aluminum Corporation Announces Appointment of Leo W. Gerard to its Board of Directors

Kaiser Aluminum (KALU) is a Top Dividend Stock Right Now: Should You Buy?

Why Kaiser Aluminum (KALU) is a Top Dividend Stock for Your Portfolio

CEO of Kaiser Aluminum Corp (30-Year Financial, Insider Trades) Jack A Hockema (insider trades) sold 12,500 shares of KALU on 07/31/2019 at an average price of $95.96 a share.

Kaiser Aluminum Corp (KALU) CEO Jack A Hockema Sold $1.2 million of Shares

Kaiser Aluminum Corporation (KALU) CEO Jack Hockema on Q2 2019 Results - Earnings Call Transcript

Kaiser (KALU) delivered earnings and revenue surprises of 5.26% and -4.16%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?

News for Kaiser Aluminum Stock (KALU)