Kaiser Aluminum (KALU) Misses Q3 EPS by 25c; offers outlook

Kaiser Aluminum (NASDAQ: KALU) reported Q3 EPS of $0.51, $0.25 worse than the analyst estimate of $0.76. Revenue for the quarter came in at $748 million versus the consensus estimate of $787.2 million.

OUTLOOK

For the full year 2024, the Company continues to expect overall conversion revenue to remain stable with growth up to 1% compared to 2023. Adjusted EBITDA margin, less the full year impact from GAAP LIFO charges, is expected to improve 50 to 100 basis points compared to 2023, as it continues to implement cost reduction measures in its operations, increase manufacturing efficiencies and execute its strategic growth initiatives.

For earnings history and earnings-related data on Kaiser Aluminum (KALU) click here.

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