Kaiser Aluminum Corp reported second-quarter 2026 results with revenue of $1256.6M, net income of $96.8M and diluted earnings per share of $5.72, all substantially higher versus the year‑ago quarter as higher realized prices and improved shipments lifted sales and margins.
Financial Highlights
- Revenue was $1256.6M, compared with $823.1M in the prior-year quarter; YoY change 52.8%.
- Net income was $96.8M, compared with $23.2M in the prior-year quarter; YoY change 317%.
- Diluted EPS was $5.72, compared with $1.41 in the prior-year quarter; YoY change 306%.
Business Highlights
- Revenue grew 53% YoY in Q2 driven by a 6% increase in shipments and a 44% rise in realized price per pound.
- Packaging shipments rose 10%, supported by coated coil capacity gains at the Warrick facility, contributing to higher-margin sales.
- Product and brand momentum from KaiserSelect® and heat‑treat plate helped price/mix improvement across Aero/HS and GE end markets.
- Operational efficiency improved as Trentwood modernization and reduced major maintenance lowered conversion costs and boosted margins.
- Company outlook: expects FY conversion revenue growth of 10–15% and a 45–55% improvement in Adjusted EBITDA assuming neutral metal prices.
Original SEC Filing:
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