NASDAQ$KALU

Kaiser Aluminum Corporation · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported first quarter results with increased net sales and value added revenue, reflecting strong demand in general engineering and packaging, and continued aerospace recovery.

Kaiser Aluminum Corporation reported a strong first quarter in 2022, with net sales increasing to $949 million and value added revenue reaching $370 million. Net income was $8 million, with adjusted EBITDA at $55 million. The company experienced strong demand in general engineering and packaging sectors, and a continued recovery in aerospace.

  • Net sales reached $949 million, and value added revenue was $370 million.
  • Net income was $8 million, resulting in a net income per diluted share of $0.51.
  • Adjusted EBITDA stood at $55 million, with an adjusted EBITDA margin of 14.8%.
  • Strong demand was observed in general engineering and packaging, with aerospace recovery progressing as expected.

Headline financials

Total Revenue

$949M

Previous: $324M+192.8%
EPS (adj)

$0.66

Previous: $0.64+3.1%
Adjusted EBITDA Margin

14.8%

Previous: 21.8%-32.1%
Free Cash Flow

$8.1M

Previous: $4.5M+80.0%
Net Income

$8.1M

Previous: $4.5M+80.0%
Operating Income

$25.2M

Previous: $16.9M+49.1%
Gross Profit

$82.9M

Previous: $61.5M+34.8%
Cash & Equivalents

$261M

Previous: $128M+103.9%
Total Assets

$2.54B

Previous: $2.15B+18.1%
Stock-Based Comp

$4M

Previous: $3.1M+29.0%

Revenue & EPS history

Kaiser Aluminum · Revenue · Quarterly

$949M

Q1 2022+192.8%vs Q1 2021
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Kaiser Aluminum · $24M total across 1 segment · Q1 2022

  • Automotive Extrusions
    $24M

Forward guidance

Kaiser Aluminum anticipates a year-over-year increase in value added revenue of 20% to 25% and a consolidated adjusted EBITDA margin of 17% to 20% for the full year 2022. Expects second quarter major maintenance expense to be approximately $8 million to $10 million higher than the first quarter due to the timing of projects planned at several facilities

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

-0.4%

Avg return

Earnings day

-0.3%

Avg return

5 days after

-1.2%

Avg return

30 days after

46%

32 / 69 earnings

Positive

+19.4%

Q3 2025

Best reaction

-19.7%

Q2 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.1%+6.0%+7.6%
Q4 2025-9.0%-7.8%-23.2%
Q3 2025+19.4%+20.1%+17.8%
Q2 2025-0.3%-1.2%+1.3%
Q1 2025+5.9%+9.7%+18.6%
Q4 2024+4.9%-0.7%-7.1%
Q3 2024-5.9%+6.3%+14.1%
Q2 2024-19.7%-21.3%-23.6%
Q1 2024-1.3%+6.2%+6.8%
Q4 2023+7.4%+9.6%+23.4%
Q3 2023-10.0%-12.1%-7.2%
Q2 2023+5.2%-0.2%-8.4%
Q1 2023+12.1%+10.9%+10.6%
Q4 2022-7.4%-10.3%-17.3%
Q3 2022+10.2%+11.8%+28.8%
Q2 2022+2.9%+6.0%+8.7%
Q1 2022-1.7%-8.8%-5.5%
Q4 2021-7.2%-5.7%-5.8%
Q3 2021-9.1%-13.0%-10.3%
Q2 2021-2.4%+6.2%+6.7%
Q1 2021+0.5%+5.3%+8.1%
Q4 2020-1.3%+1.5%-5.0%
Q3 2020-0.1%-2.7%+16.7%
Q2 2020-4.4%-5.7%-9.9%
Q1 2020-3.4%-5.2%-11.9%
Q4 2019+3.2%+0.2%-46.7%
Q3 2019+2.2%+10.2%+8.8%
Q2 2019+0.2%+1.2%-9.6%
Q1 2019-6.0%-7.2%-13.6%
Q4 2018+2.6%+4.6%-3.5%
Q3 2018-9.6%-7.1%-9.5%
Q2 2018+3.6%+2.6%+0.2%
Q1 2018+0.4%-1.4%+8.7%
Q4 2017-2.0%-0.5%-5.6%
Q3 2017-3.3%-3.9%-8.0%
Q2 2017+3.2%+5.1%+1.8%
Q1 2017+5.9%+6.1%+2.2%
Q4 2016+0.3%-6.4%-1.3%
Q3 2016-12.5%-12.2%+0.7%
Q2 2016-5.8%-7.3%-5.7%
Q1 2016+0.8%
Q4 2015+0.1%
Q3 2015-0.1%
Q2 2015+4.8%
Q1 2015-0.4%
Q4 2014-0.7%
Q3 2014-4.8%
Q2 2014+2.0%
Q1 2014-3.1%
Q4 2013-0.7%
Q3 2013-7.3%
Q2 2013+0.5%
Q1 2013+7.0%
Q4 2012-4.6%
Q3 2012+3.1%
Q2 2012+9.1%
Q1 2012+6.2%
Q4 2008-1.9%
Q4 2011-1.9%
Q3 2011+9.0%
Q2 2011-0.6%
Q1 2010-0.1%
Q1 2011-0.3%
Q4 2010-9.4%
Q3 2010-2.2%
Q3 2009-2.2%
Q2 2010+0.5%
Q2 2009+0.5%
Q4 2009+0.5%

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