Kaiser Aluminum Corporation manufactures and sells semi-fabricated specialty aluminum mill products. The company provides rolled, extruded, and drawn aluminum products used principally for aerospace and defense, automotive, consumer durables, electronics, electrical, and machinery and equipment applications. Its aerospace and high strength products include heat treat plates and sheets, hard alloy extruded shapes, cold finish rods and bars, seamless drawn tubes, and billets for aerospace and defense industries. The company's automotive extrusions include extruded aluminum products for structural components, crash management systems, anti-lock braking systems, and drawn tubes for drive shafts, as well as offers fabrication services, including sawing and cutting to length. Its general engineering products comprise alloy plate, sheet, rod, bar, tube, wire, and standard extrusion shapes used in various applications, including the production of military vehicles, ordnances, semiconductor manufacturing cells, electronic devices, after-market motor sport parts, tooling plates, parts for machinery and equipment, bolts, screws, nails, and rivets. The company also offers extruded, drawn, and cast billet aluminum products for industrial end uses. It sells its products directly to customers through sales personnel located in the United States, Canada, Western Europe, and China, as well as through independent sales agents in other regions of Asia, Latin America, and the Middle East. Kaiser Aluminum Corporation was founded in 1946 and is based in Foothill Ranch, California.
IPO Year:
Exchange: NASDAQ
Website: kaiseraluminum.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/16/2024 | $67.00 | Neutral | UBS |
| 5/8/2023 | $69.00 | Neutral | JP Morgan |
| 4/12/2023 | $67.00 | Peer Perform → Underperform | Wolfe Research |
| 12/15/2022 | Peer Perform | Wolfe Research | |
| 2/28/2022 | $100.00 → $95.00 | Neutral | Credit Suisse |
| 12/10/2021 | $117.00 → $98.00 | Neutral → Underweight | JP Morgan |
| 9/10/2021 | $122.00 | Sell | Goldman Sachs |
4 - KAISER ALUMINUM CORP (0000811596) (Issuer)
FRANKLIN, Tenn., Nov. 05, 2024 (GLOBE NEWSWIRE) -- Kaiser Aluminum Corporation (NYSE:KALU) ("Kaiser" or the "Company"), today announced that Keith Harvey, President and Chief Executive Officer, will participate in Baird's 2024 Global Industrial Conference on Tuesday, November 12, 2024 at the Ritz-Carlton in Chicago, Illinois. Mr. Harvey is scheduled to present at 1:45 p.m. CT and will participate in meetings with investors throughout the day. The live webcast of the presentation will be available on the Investors section of the Company's website at https://investors.kaiseraluminum.com. A replay will be available on the Company's website for a period of 30 days following the event. About
Third Quarter 2024 Highlights: Net Sales $748 Million; Conversion Revenue $362 MillionNet Income $12 Million; Net Income per Diluted Share $0.74Adjusted Net Income $8 Million; Adjusted Net Income per Diluted Share $0.51Adjusted EBITDA $50 Million and Adjusted EBITDA Margin 13.9%; Inclusive of $4 Million GAAP LIFO ChargeDeclared Quarterly Dividend of $0.77 FRANKLIN, Tenn., Oct. 23, 2024 (GLOBE NEWSWIRE) -- Kaiser Aluminum Corporation (NASDAQ:KALU) (the "Company" or "Kaiser"), a leading producer of semi-fabricated specialty aluminum products serving customers worldwide with highly-engineered solutions for aerospace and high-strength, packaging, general engineering,
FRANKLIN, Tenn., Oct. 15, 2024 (GLOBE NEWSWIRE) -- Kaiser Aluminum Corporation (NASDAQ:KALU) today announced that its Board of Directors has declared a quarterly cash dividend of $0.77 per share. The dividend will be payable on November 15, 2024 to stockholders of record as of the close of business on October 25, 2024. About Kaiser Aluminum Corporation Kaiser Aluminum Corporation, headquartered in Franklin, Tenn., is a leading producer of semi-fabricated specialty aluminum products, serving customers worldwide with highly-engineered solutions for aerospace and high-strength, packaging, general engineering, automotive extrusions, and other industrial applications. The Company's North Ame
FRANKLIN, Tenn., Oct. 10, 2024 (GLOBE NEWSWIRE) -- Kaiser Aluminum Corporation (NASDAQ:KALU) today announced that it plans to release its third quarter 2024 financial and operating results on Wednesday, October 23, 2024, after the market closes. The Company will host its quarterly conference call on Thursday, October 24, 2024, at 9:00 a.m. Central Time. The conference call can be directly accessed from the U.S. and Canada at (877) 423-9813 and accessed internationally at (201) 689-8573. The conference call ID number is 13748959. A live webcast and related presentation slides will be available through the Investors portion of the Company's website at https://investors.kaiseraluminum.com. A
Second Quarter 2024 Highlights: Net Sales $773 Million; Conversion Revenue $369 MillionNet Income $3 Million; Net Income per Diluted Share $0.19Adjusted Net Income $11 Million; Adjusted Net Income per Diluted Share $0.65Adjusted EBITDA $54 Million; Adjusted EBITDA Margin 14.5% FRANKLIN, Tenn., July 24, 2024 (GLOBE NEWSWIRE) -- Kaiser Aluminum Corporation (NASDAQ:KALU), a leading producer of semi-fabricated specialty aluminum products serving customers worldwide with highly-engineered solutions for aerospace and high-strength, packaging, general engineering, automotive extrusions, and other industrial applications, today announced second quarter 2024 results. Management Commentary "Our
FRANKLIN, Tenn., July 15, 2024 (GLOBE NEWSWIRE) -- Kaiser Aluminum Corporation (NASDAQ:KALU) today announced that its Board of Directors has declared a quarterly cash dividend of $0.77 per share. The dividend will be payable on August 15, 2024 to stockholders of record as of the close of business on July 25, 2024. About Kaiser Aluminum Corporation Kaiser Aluminum Corporation, headquartered in Franklin, Tenn., is a leading producer of semi-fabricated specialty aluminum products, serving customers worldwide with highly-engineered solutions for aerospace and high-strength, packaging, general engineering, automotive extrusions, and other industrial applications. The Company's North American
FRANKLIN, Tenn., July 11, 2024 (GLOBE NEWSWIRE) -- Kaiser Aluminum Corporation (NASDAQ:KALU) today announced that it plans to release its second quarter 2024 financial and operating results on Wednesday, July 24, 2024 after the market closes. The Company will host its quarterly conference call on Thursday, July 25, 2024, at 9:00 a.m. Central Time. The conference call can be directly accessed from the U.S. and Canada at (877) 423-9813, and accessed internationally at (201) 689-8573. The conference call ID number is 13747332. A live webcast and related presentation slides will be available through the Investors portion of the Company's website at https://investors.kaiseraluminum.com. An aud
FRANKLIN, Tenn., May 30, 2024 (GLOBE NEWSWIRE) -- Kaiser Aluminum Corporation (NASDAQ:KALU) today published its 2023 Sustainability Report summarizing the Company's focus and initiatives around its sustainability program and practices, consistent with its corporate values to be a preferred investment, a preferred supplier, a preferred customer, a preferred employer, and a valued corporate citizen. The report is available on the Company's website at https://www.kaiseraluminum.com. "We view sustainability as a strategic imperative that is central to our business and advancing toward a more sustainable future," said Keith A. Harvey, President, and Chief Executive Officer. "Our 2023 report re
FRANKLIN, Tenn., May 21, 2024 (GLOBE NEWSWIRE) -- Kaiser Aluminum Corporation (the "Company") (NASDAQ:KALU) today announced that its upcoming 2024 Annual Meeting of Stockholders (the "Annual Meeting") will now be held at the Company's corporate office at 1550 West McEwen Drive, Suite 500, Franklin, Tennessee 37067. The Annual Meeting will be held at the originally scheduled date and time on Tuesday, June 11, 2024 at 9:00 a.m. Central Time. Further information regarding the change in the location of the Annual Meeting can be found in the proxy supplement filed by the Company with the Securities and Exchange Commission on May 21, 2024. About Kaiser Aluminum Corporation Kaiser Aluminum Co
First Quarter 2024 Highlights: Net Sales $738 Million; Conversion Revenue $367 MillionNet Income $25 Million; Net Income per Diluted Share $1.51Adjusted Net Income $17 Million; Adjusted Net Income per Diluted Share $1.02Adjusted EBITDA $62 Million; Adjusted EBITDA Margin 17.0%Improved Cost Controls and Operating Efficiencies Across the PlatformMaintaining Full Year 2024 Outlook FRANKLIN, Tenn., April 24, 2024 (GLOBE NEWSWIRE) -- Kaiser Aluminum Corporation (NASDAQ:KALU), a leading producer of semi-fabricated specialty aluminum products serving customers worldwide with highly-engineered solutions for aerospace and high-strength, packaging, general engineering, automotive extrusions, a
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4 - KAISER ALUMINUM CORP (0000811596) (Issuer)
4 - KAISER ALUMINUM CORP (0000811596) (Issuer)
4 - KAISER ALUMINUM CORP (0000811596) (Issuer)
4 - KAISER ALUMINUM CORP (0000811596) (Issuer)
4 - KAISER ALUMINUM CORP (0000811596) (Issuer)
4 - KAISER ALUMINUM CORP (0000811596) (Issuer)
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Third Quarter 2024 Highlights: Net Sales $748 Million; Conversion Revenue $362 MillionNet Income $12 Million; Net Income per Diluted Share $0.74Adjusted Net Income $8 Million; Adjusted Net Income per Diluted Share $0.51Adjusted EBITDA $50 Million and Adjusted EBITDA Margin 13.9%; Inclusive of $4 Million GAAP LIFO ChargeDeclared Quarterly Dividend of $0.77 FRANKLIN, Tenn., Oct. 23, 2024 (GLOBE NEWSWIRE) -- Kaiser Aluminum Corporation (NASDAQ:KALU) (the "Company" or "Kaiser"), a leading producer of semi-fabricated specialty aluminum products serving customers worldwide with highly-engineered solutions for aerospace and high-strength, packaging, general engineering,
FRANKLIN, Tenn., Oct. 15, 2024 (GLOBE NEWSWIRE) -- Kaiser Aluminum Corporation (NASDAQ:KALU) today announced that its Board of Directors has declared a quarterly cash dividend of $0.77 per share. The dividend will be payable on November 15, 2024 to stockholders of record as of the close of business on October 25, 2024. About Kaiser Aluminum Corporation Kaiser Aluminum Corporation, headquartered in Franklin, Tenn., is a leading producer of semi-fabricated specialty aluminum products, serving customers worldwide with highly-engineered solutions for aerospace and high-strength, packaging, general engineering, automotive extrusions, and other industrial applications. The Company's North Ame
FRANKLIN, Tenn., Oct. 10, 2024 (GLOBE NEWSWIRE) -- Kaiser Aluminum Corporation (NASDAQ:KALU) today announced that it plans to release its third quarter 2024 financial and operating results on Wednesday, October 23, 2024, after the market closes. The Company will host its quarterly conference call on Thursday, October 24, 2024, at 9:00 a.m. Central Time. The conference call can be directly accessed from the U.S. and Canada at (877) 423-9813 and accessed internationally at (201) 689-8573. The conference call ID number is 13748959. A live webcast and related presentation slides will be available through the Investors portion of the Company's website at https://investors.kaiseraluminum.com. A
Second Quarter 2024 Highlights: Net Sales $773 Million; Conversion Revenue $369 MillionNet Income $3 Million; Net Income per Diluted Share $0.19Adjusted Net Income $11 Million; Adjusted Net Income per Diluted Share $0.65Adjusted EBITDA $54 Million; Adjusted EBITDA Margin 14.5% FRANKLIN, Tenn., July 24, 2024 (GLOBE NEWSWIRE) -- Kaiser Aluminum Corporation (NASDAQ:KALU), a leading producer of semi-fabricated specialty aluminum products serving customers worldwide with highly-engineered solutions for aerospace and high-strength, packaging, general engineering, automotive extrusions, and other industrial applications, today announced second quarter 2024 results. Management Commentary "Our
FRANKLIN, Tenn., July 15, 2024 (GLOBE NEWSWIRE) -- Kaiser Aluminum Corporation (NASDAQ:KALU) today announced that its Board of Directors has declared a quarterly cash dividend of $0.77 per share. The dividend will be payable on August 15, 2024 to stockholders of record as of the close of business on July 25, 2024. About Kaiser Aluminum Corporation Kaiser Aluminum Corporation, headquartered in Franklin, Tenn., is a leading producer of semi-fabricated specialty aluminum products, serving customers worldwide with highly-engineered solutions for aerospace and high-strength, packaging, general engineering, automotive extrusions, and other industrial applications. The Company's North American
FRANKLIN, Tenn., July 11, 2024 (GLOBE NEWSWIRE) -- Kaiser Aluminum Corporation (NASDAQ:KALU) today announced that it plans to release its second quarter 2024 financial and operating results on Wednesday, July 24, 2024 after the market closes. The Company will host its quarterly conference call on Thursday, July 25, 2024, at 9:00 a.m. Central Time. The conference call can be directly accessed from the U.S. and Canada at (877) 423-9813, and accessed internationally at (201) 689-8573. The conference call ID number is 13747332. A live webcast and related presentation slides will be available through the Investors portion of the Company's website at https://investors.kaiseraluminum.com. An aud
First Quarter 2024 Highlights: Net Sales $738 Million; Conversion Revenue $367 MillionNet Income $25 Million; Net Income per Diluted Share $1.51Adjusted Net Income $17 Million; Adjusted Net Income per Diluted Share $1.02Adjusted EBITDA $62 Million; Adjusted EBITDA Margin 17.0%Improved Cost Controls and Operating Efficiencies Across the PlatformMaintaining Full Year 2024 Outlook FRANKLIN, Tenn., April 24, 2024 (GLOBE NEWSWIRE) -- Kaiser Aluminum Corporation (NASDAQ:KALU), a leading producer of semi-fabricated specialty aluminum products serving customers worldwide with highly-engineered solutions for aerospace and high-strength, packaging, general engineering, automotive extrusions, a
FRANKLIN, Tenn., April 15, 2024 (GLOBE NEWSWIRE) -- Kaiser Aluminum Corporation (NASDAQ:KALU) today announced that its Board of Directors has declared a quarterly cash dividend of $0.77 per share. The dividend will be payable on May 15, 2024 to stockholders of record as of the close of business on April 25, 2024. About Kaiser Aluminum Corporation Kaiser Aluminum Corporation, headquartered in Franklin, Tenn., is a leading producer of semi-fabricated specialty aluminum products, serving customers worldwide with highly-engineered solutions for aerospace and high-strength, packaging, general engineering, automotive extrusions, and other industrial applications. The Company's North Ameri
FRANKLIN, Tenn., April 11, 2024 (GLOBE NEWSWIRE) -- Kaiser Aluminum Corporation (NASDAQ:KALU) today announced that it plans to release its first quarter 2024 financial and operating results on Wednesday, April 24, 2024, after the market closes. The Company will host its quarterly conference call on Thursday, April 25, 2024, at 9:00 a.m. Central Time. The conference call can be directly accessed from the U.S. and Canada at (877) 423-9813, and accessed internationally at (201) 689-8573. The conference call ID number is 13745245. A live webcast and related presentation slides will be available through the Investors portion of the Company's website at https://investors.kaiseraluminum.com. An
Fourth Quarter 2023 Highlights: Net Sales $722 Million; Conversion Revenue $361 MillionNet Income $8 Million; Net Income per Diluted Share $0.47Adjusted Net Income $10 Million; Adjusted Net Income per Diluted Share $0.60Adjusted EBITDA $52 Million; Adjusted EBITDA Margin 14.3%Aerospace / High Strength Achieved Record Net Sales and Conversion Revenue Full Year 2023 Highlights: Net Sales $3.1 Billion; Conversion Revenue $1.47 BillionNet Income $47 Million; Net Income per Diluted Share $2.92Adjusted Net Income $44 Million; Adjusted Net Income per Diluted Share $2.74Adjusted EBITDA $210 Milli
FRANKLIN, Tenn., June 07, 2023 (GLOBE NEWSWIRE) -- Kaiser Aluminum Corporation (NASDAQ:KALU), a leading producer of semi-fabricated specialty aluminum products serving customers worldwide with highly-engineered solutions for aerospace and high-strength, packaging, general engineering, automotive extrusions, and other industrial applications, today announced the appointment of Vijai Narayan to Vice President and Chief Accounting Officer, effective June 7, 2023, in connection with the Company's recent relocation of its corporate headquarters to Franklin, TN. Mr. Narayan previously served as the Company's Vice President – Finance since November 2022. As part of the planned transition, Jennife
FOOTHILL RANCH, Calif., Sept. 07, 2021 (GLOBE NEWSWIRE) -- Kaiser Aluminum Corporation (NASDAQ:KALU) today announced that its Board of Directors has appointed Michael C. Arnold and Kevin W. Williams to serve as independent directors. Mr. Arnold was the President and Chief Executive Officer of Ryerson Inc., a metal processor and distributor, until he retired in 2015, and Mr. Williams serves as President and Chief Executive Officer of GAA Manufacturing and Supply Chain Management, a third party logistics and supply chain management company, and one of the country's largest African American owned businesses. "As highly respected leaders with a deep understanding of manufacturing and supply
Romeo Power, Inc. ("Romeo Power") (NYSE:RMO), an energy technology leader delivering advanced electrification solutions for complex commercial vehicle applications, today announced the appointment of seasoned executive leader Kerry A. Shiba to the role of Chief Financial Officer, effective July 6, 2021. Mr. Shiba brings more than 30 years of financial expertise to the Romeo Power team including extensive public company management experience. In connection with this appointment, current CFO Lauren Webb will transition to a new role as Chief Strategy and Commercial Officer where she will develop, implement, and manage Romeo Power's corporate strategy and business development efforts. "We are
FOOTHILL RANCH, Calif., Jan. 14, 2021 (GLOBE NEWSWIRE) -- Kaiser Aluminum Corporation (NASDAQ:KALU) today announced that its Board of Directors has declared a quarterly cash dividend of $0.72 per share representing a 7.5% increase over the prior quarter's dividend. The dividend will be payable on February 12, 2021 to shareholders of record as of the close of business on January 25, 2021. “The increase in the quarterly dividend reflects our continued confidence in the long-term outlook for our business, the end markets we serve and opportunities to create value for our shareholders,” said Keith A. Harvey, President and CEO. “In addition, our planned acquisition of the Warrick Rolling Mill
Kaiser Aluminum (NASDAQ:KALU) reported quarterly earnings of $0.65 per share which missed the analyst consensus estimate of $0.91 by 28.57 percent. The company reported quarterly sales of $773.400 million which missed the analyst consensus estimate of $773.650 million by 0.03 percent. This is a 5.00 percent decrease over sales of $814.100 million the same period last year.
Kaiser Aluminum's (NYSE:KALU) short percent of float has risen 22.73% since its last report. The company recently reported that it has 654 thousand shares sold short, which is 5.94% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.7 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interes
Benchmark analyst Josh Sullivan maintains Kaiser Aluminum (NASDAQ:KALU) with a Buy and raises the price target from $84 to $100.
In the world of aerospace, when a giant like Boeing Co (NYSE:BA) hits turbulence — the shockwaves are felt far and wide. One such ripple effect has landed squarely on Kaiser Aluminum Corp (NASDAQ:KALU). Kaiser has a long-term contract with Boeing. Kaiser supplies sheet and light gauge aluminum plate for use in Boeing commercial aircraft products. Read Also: How Boeing’s Guilty Plea Could Impact US Defense Contracts Boeing’s plight in recent months has led investors to cast a doubt on its suppliers’ prospects. A prime example of this is seen in Kaiser Aluminium’s stock. Kaiser’s short interest has surged to a 12-month high, according to JPMorgan analyst Bill Peterson’s latest Short
Kaiser Aluminum's (NYSE:KALU) short percent of float has risen 13.4% since its last report. The company recently reported that it has 522 thousand shares sold short, which is 4.74% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.21 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interes
Kaiser Aluminum (NASDAQ:KALU) reported quarterly earnings of $1.02 per share which beat the analyst consensus estimate of $0.57 by 78.95 percent. The company reported quarterly sales of $738.000 million which beat the analyst consensus estimate of $696.050 million by 6.03 percent. This is a 8.62 percent decrease over sales of $807.600 million the same period last year.
- Bloomberg
Benchmark analyst Josh Sullivan reiterates Kaiser Aluminum (NASDAQ:KALU) with a Buy and maintains $84 price target.
UBS initiated coverage of Kaiser Alum with a rating of Neutral and set a new price target of $67.00
JP Morgan initiated coverage of Kaiser Alum with a rating of Neutral and set a new price target of $69.00
Wolfe Research downgraded Kaiser Alum from Peer Perform to Underperform and set a new price target of $67.00
Wolfe Research initiated coverage of Kaiser Alum with a rating of Peer Perform
Credit Suisse reiterated coverage of Kaiser Aluminum with a rating of Neutral and set a new price target of $95.00 from $100.00 previously
JP Morgan downgraded Kaiser Aluminum from Neutral to Underweight and set a new price target of $98.00 from $117.00 previously
Goldman Sachs initiated coverage of Kaiser Aluminum with a rating of Sell and set a new price target of $122.00
JP Morgan resumed coverage of Kaiser Alum with a rating of Neutral and set a new price target of $124.00