Business
Kaiser Aluminum Corporation Reports Third Quarter 2025 Financial Results
Third Quarter 2025 Highlights: Net Sales $844 Million; Conversion Revenue $351 Million Net Income $40 Million; Net Income per Diluted Share $2.38 Adjusted
About this update from Kaiser Aluminum Corporation
[{"type":"text","content":"\nThird Quarter 2025 Highlights:\n\n\n\nNet Sales $844 Million; Conversion Revenue $351 Million\n\n\n\nNet Income $40 Million; Net Income per Diluted Share $2.38\n\n\n\nAdjusted Net Income $31 Million; Adjusted Net Income per Diluted Share $1.86\n\n\n\nAdjusted EBITDA $81 Million; Adjusted EBITDA Margin 23.2%\n\n\n\nRaising Full Year 2025 Adjusted EBITDA Outlook\n\n\n\nNet Debt Leverage Ratio Improved to 3.6x\n\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 third quarter 2025 results.\n\n\nThe Company reported third quarter 2025 net income of $40 million, or $2.38 per diluted share, an increase from $9 million and $0.54, respectively from the re-casted results a year ago. Excluding the impact of non-run-rate items, adjusted net income was $31 million or $1.86 per diluted share, up from $5 million and $0.31 per diluted share from the third quarter 2024.\n\n\nManagement Commentary\n\n\n\"We are proud to deliver our fourth consecutive quarter of results above our expectations, prompting an upward revision to our full-year 2025 Adjusted EBITDA outlook. While our third quarter results included approximately $20 million in non-recurring startup costs tied to our major investments at the Trentwood and Warrick facilities, favorable metal tailwinds offset these costs. As we complete this investment cycle, we have a reinvigorated focus on cost discipline, operational excellence, and restoring the strong operating performance that has long differentiated our business,\" said Keith A. Harvey, Chairman, President and Chief Executive Officer.\n\n\n\n\nThird Quarter 2025 Consolidated Results\n\n\n\n\n\n\n\n\n(Unaudited)*\n\n\n\n\n\n\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\n\n\n\n\n \n\n\n\n\n\n\nQuarter Ended\nSeptember 30,\n\n\n\n\n\n\n \n\n\n\n\n\n\nNine Months Ended\nSeptember 30,\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n2025\n\n\n\n\n\n\n \n\n\n\n\n\n\n20241\n(As Adjusted)\n\n\n\n\n\n\n \n\n\n\n\n\n\n2025\n\n\n\n\n\n\n \n\n\n\...