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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 reports Q3 earnings $1.16/shr
Wednesday, 18 Oct 2017 04:30pm EDT 

Oct 18 (Reuters) - Kaiser Aluminum Corp :Kaiser Aluminum Corporation reports third quarter and first nine months 2017 financial results.Q3 adjusted earnings per share $0.90 excluding items.Q3 sales $333 million versus I/B/E/S view $335.4 million.Q3 earnings per share view $1.08 -- Thomson Reuters I/B/E/S.Q3 earnings per share $1.16.Kaiser Aluminum Corp qtrly ‍value added revenue $187 million down 5% despite higher shipments​.Kaiser Aluminum Corp - ‍2017 outlook for automotive extrusions and general engineering applications remains unchanged​.Kaiser Aluminum Corp- qtrly shipments 150​ million lbs versus 148 million lbs last year.Kaiser Aluminum Corp - ‍expect 2017 aerospace shipments will be less than prior year due to slower-than-anticipated trentwood ramp-up​.  Full Article

Kaiser Aluminum posts Q2 earnings per share $0.27
Wednesday, 19 Jul 2017 04:30pm EDT 

July 19 (Reuters) - Kaiser Aluminum Corp :Kaiser Aluminum Corporation reports second quarter and first half 2017 financial results.Q2 adjusted earnings per share $1.47 excluding items.Q2 sales $356 million versus I/B/E/S view $349.6 million.Q2 earnings per share view $0.99 -- Thomson Reuters I/B/E/S.Q2 earnings per share $0.27.Kaiser Aluminum Corp qtrly value added revenue $406 million down 3% on higher shipments.Kaiser Aluminum Corp- Qtrly shipments 160 million lbs versus 155 million lbs last year.Kaiser Aluminum Corp - ‍Reported Q2 2017 results included an $18 million pre-tax impairment charge​.Kaiser Aluminum Corp - ‍Reported Q2 2017 results included a $12 million pre-tax mark-to-market loss related to commodity hedges​.Kaiser Aluminum - Continue to anticipate solid aerospace demand growth driven by military and commercial aircraft applications in both 2018 and 2019.Kaiser Aluminum Corp - ‍Looking to second half 2017, strategic project work at trentwood will continue in july​.Kaiser Aluminum Corp - ‍expect to restore normal operations and material flows by end of Q3 at trentwood​.Kaiser Aluminum - ‍In H2, anticipate normal seasonality similar to pattern experienced in 2016 of lower sales and adjusted ebitda compared to H1.Kaiser Aluminum - Co expect that isolated instances of inventory overhang will linger into 2018 creating modest drag on overall industry demand growth.  Full Article

Kaiser Aluminum Q1 adjusted earnings per share $1.52
Wednesday, 19 Apr 2017 04:30pm EDT 

April 19 (Reuters) - Kaiser Aluminum Corp ::Kaiser aluminum corporation reports first quarter 2017 financial results.Q1 adjusted earnings per share $1.52 excluding items.Q1 sales $355 million versus I/B/E/S view $348.4 million.Q1 earnings per share view $1.12 -- Thomson Reuters I/B/E/S.Q1 earnings per share $2.04.Kaiser aluminum corp - in quarter, share repurchases of $33 million; $100 million increase in repurchase authorization.Kaiser Aluminum Corp qtrly value added revenue down 3% on higher shipments.Kaiser Aluminum Corp qtrly shipments 164 million lbs versus 159 million lbs last year.Kaiser Aluminum Corp - "our outlook for first half 2017 remains consistent with our comments on february earnings release".Kaiser Aluminum Corp- "construction activity will have a significant impact on our q2 results".Kaiser Aluminum Corp - "internal headwinds related to trentwood project will be a temporary but significant drag on q2 results".Kaiser Aluminum Corp - "market-driven headwinds are expected to be similar to q1." for 2017.Kaiser Aluminum Corp - we anticipate approximately $5 million to $7 million higher major maintenance expense in q2 compared to q1 2017.Kaiser Aluminum Corp -overall, continue to expect 2017 to be a challenging year due to temporary headwinds.Kaiser Aluminum - consider decline in 2017 demand to be temporary moderation in "steady, long-term" demand growth trajectory for aerospace applications.  Full Article

Kaiser Aluminum says board authorizes additional $100 mln for share repurchases
Monday, 17 Apr 2017 05:00pm EDT 

April 17 (Reuters) - Kaiser Aluminum Corp -:Kaiser Aluminum announces quarterly dividend payment and $100 million increase in share repurchase authorization.Board of directors authorized an additional $100 million for share repurchases.  Full Article

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

BRIEF-Kaiser Aluminum reports Q3 earnings $1.16/shr

* Kaiser Aluminum Corporation reports third quarter and first nine months 2017 financial results