NASDAQ$KALU
Kaiser Aluminum Corporation · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Reported strong second quarter results driven by focused operational execution and rebounding demand in certain end markets.
Kaiser Aluminum Corporation reported second quarter 2023 results with net sales of $814 million and net income of $18 million. Adjusted EBITDA was $64 million, and liquidity remained strong at $558 million as of June 30, 2023. The company expects third quarter 2023 adjusted EBITDA and adjusted EBITDA margin to be in line with its adjusted first quarter 2023 results.
- Net sales were $814 million; conversion revenue was $379 million.
- Net income was $18 million; net income per diluted share was $1.14.
- Adjusted EBITDA was $64 million; adjusted EBITDA margin was 16.8%.
- Aerospace shipments and conversion revenue exceeded expectations due to strengthened demand.
Headline financials
Revenue & EPS history
Kaiser Aluminum · Revenue · Quarterly
$814M
Revenue by segment
Kaiser Aluminum · $164M total across 2 segments · Q2 2023
- Packaging$134M-13.0%81.7%
- Automotive Extrusions$30M+15.4%18.3%
Forward guidance
The Company expects its consolidated adjusted EBITDA and adjusted EBITDA margin in the third quarter 2023 to be in line with its adjusted first quarter 2023 results.
Tailwinds
- Demand in commercial aerospace is expected to continue to strengthen and approach pre-pandemic levels by the end of 2023.
- Business jet, defense and space markets all remaining strong.
- Expects continued destocking, albeit at a lesser rate due to contractual minimums in place with its customers.
- In automotive, the Company expects the market to continue to recover.
- The Company pursues cost reductions in its operations, improves manufacturing efficiencies and continues commercial actions to improve pricing.
Headwinds
- General engineering demand is expected to decline due to destocking and the anticipated seasonal decline typical of the third quarter.
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 Q2 2023
-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
| Quarter | Report date | Reaction (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% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro