Business
Kaiser Aluminum Corporation Reports First Quarter 2025 Financial Results
First Quarter 2025 Highlights: Net Sales $777 Million; Conversion Revenue $363 Million Net Income $22 Million; Net Income per Diluted Share $1.31 Adjusted
About this update from Kaiser Aluminum Corporation
[{"type":"text","content":"\nFirst Quarter 2025 Highlights:\n\n\nNet Sales $777 Million; Conversion Revenue $363 Million\n\n\nNet Income $22 Million; Net Income per Diluted Share $1.31\n\n\nAdjusted Net Income $24 Million; Adjusted Net Income per Diluted Share $1.44\n\n\nAdjusted EBITDA $73 Million; Adjusted EBITDA Margin 20.2%\n\n\n FRANKLIN, Tenn.--(BUSINESS WIRE)--\nKaiser Aluminum Corporation (NASDAQ: KALU) (the \"Company\" or \"Kaiser\"), a leading producer of semi-fabricated specialty aluminum products serving customers worldwide with highly-engineered solutions for aerospace and high strength, packaging, general engineering, and automotive extrusions end market applications, today announced first quarter 2025 results.\n\nManagement Commentary\n\n\"2025 is off to a solid start for Kaiser as our operating performance has continued to strengthen through the uncertain macroeconomic environment,\" said Keith A. Harvey, Chairman, President and Chief Executive Officer. \"Importantly, after years of significant investment, we are excited to embark on our next phase of growth at our Warrick rolling mill, where we are finalizing the commissioning of the fourth coating line and preparing for customer qualifications. Additionally, we look forward to completing the Phase VII expansion at our Trentwood rolling mill later this year, providing additional capacity to support the anticipated recovery in the commercial aerospace and general engineering end markets. Overall, we believe our strong market position, persistent focus on cost discipline, and steady deleveraging will drive improved value for all our stakeholders.\"\n\n\n\nFirst Quarter 2025 Consolidated Results\n\n\n(Unaudited)*\n\n\n(In millions of dollars, except shipments, realized price, and per share amounts)\n\n\n\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\nQuarter Ended\nMarch 31,\n\n\n\n\n\n \n\n\n\n \n\n\n\n2025\n\n\n\n \n\n\n\n20241\n(As Adjusted)\n\n\n\n\n\nShipments (millions of lbs.)\n\n\n\n \n\n\n\n \n\n\n\n276\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n291\n\n\n\n \n\n\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\nNet sales\n\n\n\n \n\n\n\n$\n\n\n\n777\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n738\n\n\n\n \n\n\n\n\n\nLess: Hedged Cost of Alloyed Metal2\n\n\n\n \n\n\n\n \n\n\n\n(414\n\n\n\n)\n\n\n\n \n\n\n\n \n\n\n\n(371\n\n\n\n)\n\n\n\n\n\nConversion Revenue\n\n\n\n \n\n\n\n$\n\n\n\n363\n\n\n\n \n\n\n\n \n\n\...