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Kaiser Aluminum Corp (KALU.OQ)

KALU.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Kaiser Aluminum Corp reports Q4 earnings per share $1.37
Tuesday, 21 Feb 2017 04:30pm EST 

Kaiser Aluminum Corp : Kaiser Aluminum Corporation reports fourth quarter and full year 2016 financial results . Q4 adjusted earnings per share $1.27 excluding items . Q4 sales $332 million versus i/b/e/s view $328.4 million . Q4 earnings per share view $1.18 -- Thomson Reuters I/B/E/S . Q4 earnings per share $1.37 . Qtrly shipments 152 million lbs versus 147 million lbs . Kaiser Aluminum Corp says qtrly value added revenue $201 million versus. $190 million last year . Kaiser Aluminum -significant planned equipment outages,construction activity during h1 2017 that are integral to trentwood efficiency and modernization project . "We expect supply chain destocking to more than offset real demand growth in 2017" . "industry demand for our applications expected to be down approximately 5pct year-over-year in 2017" . "in 2017, while we expect double-digit growth in shipments, we anticipate single-digit growth in value added revenue" . Kaiser Aluminum - "overall, we expect 2017 to be a challenging year with headwinds from commercial aerospace supply chain inventory overhang" .Kaiser Aluminum - "for our automotive applications, we expect that north american build rates will be down approximately 1pct to 2pct in 2017".  Full Article

Kaiser (China) Culture proposes FY 2016 dividend payment
Thursday, 12 Jan 2017 12:48am EST 

Kaiser (China) Culture Co., Ltd.<002425.SZ>:Says controlling shareholder proposed to pay a cash dividend of 0.5 yuan for every 10 shares and use additional paid-in capital to distribute 20 new shares for every 10 shares, as the dividend payment plan for FY 2016.  Full Article

Kaiser Aluminum Corp Q2 earnings per share $1.43
Wednesday, 20 Jul 2016 04:30pm EDT 

Kaiser Aluminum Corp : Qtrly value added revenue $206 million . Kaiser aluminum corp qtrly shipments 155 million lbs versus 160 million lbs . Reiterates Outlook For Value Added Revenue Growth Of 3%-5% year-over-year . Kaiser aluminum corporation reports second quarter and first half 2016 financial results . Q2 adjusted earnings per share $1.02 excluding items . Q2 sales $335 million versus i/b/e/s view $351.7 million . Q2 earnings per share view $1.38 -- Thomson Reuters I/B/E/S . Q2 earnings per share $1.43 .Kaiser Aluminum Corp full year outlook remains unchanged.  Full Article

Kaiser Aluminum Corporation announces upsizing and pricing of senior notes
Thursday, 28 Apr 2016 12:00pm EDT 

Kaiser Aluminum Corporation:Priced its previously announced offering of $375.0 million in aggregate principal amount of 5.875% senior notes due 2024 in a private transaction that is exempt from the registration requirements of the Securities Act of 1933.This represents an increase of $50.0 million over the amount previously announced.Notes will be guaranteed by each of Kaiser Aluminum's existing and future domestic subsidiaries that is a borrower or guarantor under Kaiser Aluminum's revolving credit facility.Kaiser Aluminum intends to use the net proceeds for general corporate purposes.  Full Article

Kaiser Aluminum Corp announces private placement of senior notes
Thursday, 28 Apr 2016 07:51am EDT 

Kaiser Aluminum Corp:Plans to offer $325.0 million aggregate principal amount of senior notes due 2024.To use net proceeds to redeem all outstanding amounts of Kaiser Aluminum's existing 8.250% senior notes due 2020, consisting of aggregate principal amount of $197.8 million and a redemption premium of $8.2 million, and for general corporate purposes.  Full Article

Kaiser Aluminum Corp - Noranda refinery under fire for mercury releases - AMMMKT
Monday, 8 Feb 2016 01:20am EST 

Kaiser Aluminum Corp:An environmental organization has put Noranda Aluminum Holding Corp. and Kaiser Aluminum Corp. on notice that it intends to sue both companies over alleged mercury emissions coming from an alumina refinery in -Gramercy, La. - AMMMKT.A notice of intent to sue directed at Noranda president and chief executive officer Layle “Kip” Smith and Kaiser chief executive officer Jack Hockema was sent Feb. 1 on behalf of the Louisiana Environmental Action Network (LEAN), - AMMMKT.which alleged that the refinery (which is currently owned by Noranda) is depositing high levels of mercury pollution into the surrounding river, groundwater, and air - AMMMKT.The notice further claims that the site has been doing so since 1959, when the refinery first began production under Kaiser’s ownership - AMMMKT.The allegedly high levels of mercury pollution come from the process of refining bauxite into alumina, LEAN said in the letter, causing the water of a nearby river to show signs of contamination, as well as a fishing advisory dating back to 1993 - AMMMKT.One of LEAN’s goals is to prompt Noranda to undertake cleanup activities at the site, Richard Webster, an attorney with Public Justice, a nonprofit legal organization representing LEAN in the litigation, told AMM Feb. 4 - AMMMKT.  Full Article

Kaiser Aluminum Appoints Keith A. Harvey President and Chief Operating Officer
Tuesday, 5 Jan 2016 04:30pm EST 

Kaiser Aluminum Corporation:Says appointment of Keith A. Harvey as President and Chief Operating Officer.Harvey has served as the Company's Executive Vice President - Fabricated Products since June 2014 with full responsibility for the sales, marketing, manufacturing and advanced engineering functions of the Company's Fabricated Products business.  Full Article

Kaiser Aluminum Corp renews a senior secured revolving credit facility
Tuesday, 1 Dec 2015 04:30pm EST 

Kaiser Aluminum Corp:Announces renewal of a five-year, $300 million, senior secured revolving credit facility.Says amended facility extends the maturity date from September 2016 to December 2020.  Full Article

Kaiser Aluminum Corp raises FY 2015 revenue guidance
Tuesday, 21 Jul 2015 04:30pm EDT 

Kaiser Aluminum Corp:Increases FY 2015 revenue growth from 6%-8% to 7%-9%.Reported revenue of $1.35 bln in FY 2014.FY 2015 revenue of $1.44 bln - Thomson Reuters I/B/E/S.  Full Article

Kaiser Aluminum Corp announces quarterly dividend payment
Wednesday, 15 Jul 2015 02:00am EDT 

Kaiser Aluminum Corp:Says on July 14 has declared a quarterly cash dividend of $0.40 per share payable on Aug 14, to shareholders of record as of the close of business on July 24.  Full Article

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BRIEF-Kaiser Aluminum Corp reports Q4 earnings per share $1.37

* Kaiser Aluminum Corporation reports fourth quarter and full year 2016 financial results