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Kaiser Aluminum Corp (KALU)
NASDAQ:KALU
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Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.41Last Year’s EPS
$0.6Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 23, 2024
|% Change Since: 5.41%
|Next Earnings Date:Feb 19, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a generally positive outlook for Kaiser Aluminum, with growth in packaging and automotive segments, improved net income, and an increase in EBITDA margin. However, challenges remain in the aerospace segment and due to increased energy costs. The strategic investments and positive market position suggest a promising future.Company Guidance
During the Kaiser Aluminum Corporation's third quarter 2024 earnings call, the company provided several key metrics and guidance for the upcoming period. The company reported a third-quarter EBITDA of approximately $50 million, with a GAAP LIFO expense of $4 million. Conversion revenue reached $362 million, a 1% increase from the prior year, with aerospace and high strength conversion revenue at $128 million, packaging at $128 million, general engineering products at $76 million, and automotive conversion revenue at $29 million. Operating income was reported at $17 million, with adjusted operating income at $21 million. The adjusted net income for the quarter was $8 million or $0.51 per diluted share. The adjusted EBITDA margin improved to 13.9% from 13.3% in the prior year. Kaiser Aluminum's balance sheet showed total liquidity of approximately $595 million, with a net debt leverage ratio of 4.6x. The company anticipates full-year 2024 EBITDA margin to increase by 50 to 100 basis points year-over-year, excluding GAAP LIFO impacts, and capital expenditures are forecasted between $180 million to $190 million for the year. The company remains confident in its strategy to drive long-term sustainable growth and margin expansion and expects the upcoming year to be transformational, particularly with the completion of the fourth coating line at the Warrick facility.Stable Conversion Revenue Growth
Overall conversion revenue grew by 1% year-over-year, with notable improvements in the packaging segment which saw a 9% increase in conversion revenue.
Improved Net Income
Reported net income for Q3 2024 was $12 million or $0.74 per diluted share, compared to $5 million or $0.34 per diluted share in the prior year quarter.
Positive Packaging Segment Outlook
Strong demand in the packaging market, with shipment levels rising for the fourth consecutive quarter and the completion of a fourth coating line expected to significantly contribute to future performance.
Automotive Segment Stability
Automotive conversion revenue grew by 3% compared to Q3 2023, driven by higher pricing and improved product mix.
Increased EBITDA Margin
EBITDA margin for Q3 2024 was 13.9%, up from 13.3% in the prior year period, driven by higher conversion revenue.
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KALU Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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KALU Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 23, 2024 | $66.78 | $66.54 | -0.36% |
| Jul 24, 2024 | $90.97 | $77.17 | -15.17% |
| Apr 24, 2024 | $85.61 | $86.75 | +1.33% |
| Feb 21, 2024 | $64.22 | $68.63 | +6.87% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Kaiser Aluminum Corp (KALU) report earnings?
Kaiser Aluminum Corp (KALU) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
What is Kaiser Aluminum Corp (KALU) earnings time?
Kaiser Aluminum Corp (KALU) earnings time is at Feb 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is KALU EPS forecast?
KALU EPS forecast for the fiscal quarter 2024 (Q4) is $0.41.
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