Kaiser Aluminum Q4 revenue rises 21%

Overview

• Specialty aluminum producer's Q4 revenue rose 21% yr/yr

• Company reported record full year adjusted EBITDA of $310 mln

• Company declared quarterly dividend of $0.77 per share

Outlook

• Company expects 2026 Conversion Revenue to improve by 5% to 10%

• Company forecasts 2026 Adjusted EBITDA growth of 5% to 15%

Result Drivers

• METAL PRICING - Favorable metal pricing provided a tailwind for Q4 results, aiding in record full year adjusted EBITDA of $310 mln

• PACKAGING SHIPMENTS - Improved coated packaging shipments contributed positively to Q4 performance

• AEROSPACE CHALLENGES - Aerospace shipments declined due to OEM destocking and slow ramp-up of new coating line

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the aluminum peer group is "buy."

• Wall Street's median 12-month price target for Kaiser Aluminum Corp is $120.00, about 14.6% below its February 17 closing price of $140.57

• The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 13 three months ago

Press Release: ID:nBw9Rwwhva

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