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Kaiser Aluminum Corp

KALU · Materials

Last earnings Oct 21, 2026

Key results

Net incomequarter

$40 million

The 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.

SEC original ↗Kaiser Aluminum Corp — Earnings release (8-K exhibit)EX-99Oct 22, 2025

Adjusted net incomequarter

$31 million

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.

SEC original ↗Kaiser Aluminum Corp — Earnings release (8-K exhibit)EX-99Oct 22, 2025

Conversion revenuequarter

$ 351

) 270 292 834 880 Net sales $ 844 $ 748 $ 2,444 $ 2,259 Less: Hedged Cost of Alloyed Metal 2 (493 ) (386 ) (1,356 ) (1,161 ) Conversion revenue $ 351 $ 362 $ 1,088 $ 1,098 Realized price per pound ($/lb.

SEC original ↗Kaiser Aluminum Corp — Earnings release (8-K exhibit)EX-99Oct 22, 2025

) Net sales $ 3.12 $ 2.56 $ 2.93 $ 2.57 Less: Hedged cost of alloyed metal (1.82 ) (1.32 ) (1.63 ) (1.32 ) Conversion revenue $ 1.30 $ 1.24 $ 1.30 $ 1.25 As reported Operating income $ 49 $ 13 $ 128 $ 74 Net income $ 40 $ 9 $ 84 $ 46 Net income per share, diluted 3 $ 2.38 $ 0.54 $ 5.10 $ 2.81 Adjusted 4 Operating income $ 49 $ 17 $ 131 $ 88 EBITDA 5,7 $ 81 $ 46 $ 222 $ 174 EBITDA margin 6 23.2 % 12.7 % 20.4 % 15.9 % Net income $ 31 $ 5 $ 75 $ 42 EPS, diluted 3 $ 1.86 $ 0.31 $ 4.51 $ 2.56 1.

SEC original ↗Kaiser Aluminum Corp — Earnings release (8-K exhibit)EX-99Oct 22, 2025

Conversion Revenue for the third quarter 2025 was $351 million, reflecting a 3% decrease compared to the prior year period.

SEC original ↗Kaiser Aluminum Corp — Earnings release (8-K exhibit)EX-99Oct 22, 2025

AI analysis

Q3 2025 · reported Oct 22, 2025

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

Diluted EPS · Q3 2025
$2.38
EX-99 · Oct 22, 2025
Net income · Q3 2025
$40M
EX-99 · Oct 22, 2025
Adjusted net income · Q3 2025
$31M
EX-99 · Oct 22, 2025
Conversion revenue · Q3 2025
$ 351
EX-99 · Oct 22, 2025

Headline figures

MetricQ3 2025Prior qtrYear ago
Net income$40 million——
Adjusted net income$31 million——
Conversion revenue$ 351——

EX-99 · Oct 22, 2025

Guidance · company-stated

Direction: Raised

Revenue$844 Million

“htm EX-99.1 EX-99.1 Exhibit 99.1 Kaiser Aluminum Corporation Reports Third Quarter 2025 Financial Results Third Quarter 2025 Highlights: o Net Sales $844 Million; Conversion Revenue $351 Million o Net Income $40 Million; Net Income per Diluted Share $2.38 o Adjusted Net Income $31 Million; Adjusted Net Income per Diluted Share $1.86 o Adjusted EBITDA $81 Million; Adjusted EBITDA Margin 23.2% o Raising Full Year 2025 Adjusted EBITDA Outlook o Net Debt Leverage Ratio Improved to 3.6x FRANKLIN, Tenn.”

Revenue

“2025 Outlook For the full year 2025, the Company now expects Conversion Revenue to be flat to up 5% year-over-year and raises the Adjusted EBITDA outlook to improve 20% to 25% year-over-year.”

Company outlook — Raised

“Management Commentary 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.”

Classified from the release's primary full-year outlook statement.

Next earningsNo verified date on fileNo date is estimated or imported

Capital allocation

Net revenue$844M
Conversion revenue$351M
Net income$40M
Adjusted net income$31M
Dividend$39M

htm EX-99.1 EX-99.1 Exhibit 99.1 Kaiser Aluminum Corporation Reports Third Quarter 2025 Financial Results Third Quarter 2025 Highlights: o Net Sales $844 Million; Conversion Revenue $351 Million o Net Income $40 Million; Net Income per Diluted Share $2.38 o Adjusted Net Income $31 Million; Adjusted Net Income per Diluted Share $1.86 o Adjusted EBITDA $81 Million; Adjusted EBITDA Margin 23.2% o Raising Full Year 2025 Adjusted EBITDA Outlook o Net Debt Leverage Ratio Improved to 3.6x FRANKLIN, Tenn.

General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

The 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

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

Guidance & outlook

Direction: Raised

Revenue: “htm EX-99.1 EX-99.1 Exhibit 99.1 Kaiser Aluminum Corporation Reports Third Quarter 2025 Financial Results Third Quarter 2025 Highlights: o Net Sales $844 Million; Conversion Revenue $351 Million o Net Income $40 Million; Net Income per Diluted Share $2.38 o Adjusted Net Income $31 Million; Adjusted Net Income per Diluted Share $1.86 o Adjusted EBITDA $81 Million; Adjusted EBITDA Margin 23.2% o Raising Full Year 2025 Adjusted EBITDA Outlook o Net Debt Leverage Ratio Improved to 3.6x FRANKLIN, Tenn.”

Revenue: “2025 Outlook For the full year 2025, the Company now expects Conversion Revenue to be flat to up 5% year-over-year and raises the Adjusted EBITDA outlook to improve 20% to 25% year-over-year.”

Revenue — Raised (“Raising”)
“htm EX-99.1 EX-99.1 Exhibit 99.1 Kaiser Aluminum Corporation Reports Third Quarter 2025 Financial Results Third Quarter 2025 Highlights: o Net Sales $844 Million; Conversion Revenue $351 Million o Net Income $40 Million; Net Income per Diluted Share $2.38 o Adjusted Net Income $31 Million; Adjusted Net Income per Diluted Share $1.86 o Adjusted EBITDA $81 Million; Adjusted EBITDA Margin 23.2% o Raising Full Year 2025 Adjusted EBITDA Outlook o Net Debt Leverage Ratio Improved to 3.6x FRANKLIN, Tenn.”

Company outlook — Raised (“upward”)
“Management Commentary 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.”

Revenue — Raised (“raises”)
“2025 Outlook For the full year 2025, the Company now expects Conversion Revenue to be flat to up 5% year-over-year and raises the Adjusted EBITDA outlook to improve 20% to 25% year-over-year.”

Classified from the release's primary full-year outlook statement.

Capital allocation

htm EX-99.1 EX-99.1 Exhibit 99.1 Kaiser Aluminum Corporation Reports Third Quarter 2025 Financial Results Third Quarter 2025 Highlights: o Net Sales $844 Million; Conversion Revenue $351 Million o Net Income $40 Million; Net Income per Diluted Share $2.38 o Adjusted Net Income $31 Million; Adjusted Net Income per Diluted Share $1.86 o Adjusted EBITDA $81 Million; Adjusted EBITDA Margin 23.2% o Raising Full Year 2025 Adjusted EBITDA Outlook o Net Debt Leverage Ratio Improved to 3.6x FRANKLIN, Tenn.

SEC original ↗Kaiser Aluminum Corp — Earnings release (8-K exhibit)EX-99Oct 22, 2025

Cash Flow and Liquidity Adjusted EBITDA of $222 million reported in the first nine months of 2025 and cash on hand funded $71 million of working capital, $106 million of capital investments, $33 million of interest payments, and $39 million of cash returned to stockholders through quarterly dividends.

SEC original ↗Kaiser Aluminum Corp — Earnings release (8-K exhibit)EX-99Oct 22, 2025

As of September 30, 2025, the Company's net debt leverage ratio improved to 3.6x from 4.3x at December 31, 2024.

SEC original ↗Kaiser Aluminum Corp — Earnings release (8-K exhibit)EX-99Oct 22, 2025

On October 14, 2025, the Company amended and extended its $575 million Revolving Credit Facility which will mature in October 2030, subject to certain conditions.

SEC original ↗Kaiser Aluminum Corp — Earnings release (8-K exhibit)EX-99Oct 22, 2025

As of October 14, 2025, the Company had total liquidity of $602 million consisting of cash and cash equivalents of $42 million and borrowing availability under the Company's Revolving Credit Facility of $560 million.

SEC original ↗Kaiser Aluminum Corp — Earnings release (8-K exhibit)EX-99Oct 22, 2025

There were outstanding letters of credit totaling $15 million and no outstanding borrowings under the Revolving Credit Facility as of October 14, 2025.

SEC original ↗Kaiser Aluminum Corp — Earnings release (8-K exhibit)EX-99Oct 22, 2025

Strategy & priorities

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.

SEC original ↗Kaiser Aluminum Corp — Earnings release (8-K exhibit)EX-99Oct 22, 2025

The increase in Adjusted EBITDA is due to strengthening underlying performance and rising metal prices, which are partially offset by start-up costs associated with the Company's key strategic investments.

SEC original ↗Kaiser Aluminum Corp — Earnings release (8-K exhibit)EX-99Oct 22, 2025

2023-06 ( ASU 2023-06 ), Codification Amendments in Response to the SEC s Disclosure Update and Simplification Initiative.

SEC original ↗Kaiser Aluminum Corp — 10-Q Quarterly report10-QOct 22, 2026

These statements appear throughout this Report and can be identified by the use of forward-looking terminology such as believes, expects, may, estimates, will, should, plans or anticipates, or the negative of the foregoing or other variations of comparable terminology, or by discussions of strategy.

SEC original ↗Kaiser Aluminum Corp — 10-Q Quarterly report10-QOct 22, 2026

Risks & headwinds

Legal Proceedings 33 Item 1A.

SEC original ↗Kaiser Aluminum Corp — 10-Q Quarterly report10-QOct 22, 2026

Uncertainties with respect to such estimates and assumptions are inherent in the preparation of our consolidated financial statemen ts; accordingly, it is possible that the actual results could differ from these estimates and assumptions, which could have a material effect on the reported amounts of our consolidated financial position and results of operations.

SEC original ↗Kaiser Aluminum Corp — 10-Q Quarterly report10-QOct 22, 2026

We are party to various lawsuits, claims, investigations and administrative proceedings that arise in connection with past and current operations.

SEC original ↗Kaiser Aluminum Corp — 10-Q Quarterly report10-QOct 22, 2026

While uncertainties are inherent in the final outcome of such matters and it is presently impossible to determine the actual cost that may ultimately be incurred, we believe that we have sufficiently accrued for such matters and that the ultimate resolution of pending matters will not have a material impact on our consolidated financial position, operating results or liquidity.

SEC original ↗Kaiser Aluminum Corp — 10-Q Quarterly report10-QOct 22, 2026

Readers are cautioned that any such forward looking statements are not guarantees of future performance and involve significant risks and uncertainties and that actual results may vary from those in the forward-looking statements as a result of various factors.

SEC original ↗Kaiser Aluminum Corp — 10-Q Quarterly report10-QOct 22, 2026

Competitors

Competitors & peers

Same GICS sector — classification peers, not declared competitors

Rio Tinto (RIO) MaterialsCemex Sab De Cv (CX) MaterialsWheaton Precious Metals (WPM) MaterialsNucor (NUE) MaterialsFranco-Nevada (FNV) MaterialsKinross Gold (KGC) MaterialsBarrick Mining (B) MaterialsCarpenter Technology (CRS) Materials
Documents

Filings

30 documents

Earnings releases

9 documents

Presentations

0 documents

No presentations for Kaiser Aluminum Corp are held in this edition of the library.

Transcripts

0 documents

No transcripts for Kaiser Aluminum Corp are held in this edition of the library.

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