NASDAQ$KALU
Kaiser Aluminum Corporation · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Kaiser Aluminum reported second quarter 2024 results, with net sales of $773 million and net income of $3 million.
Kaiser Aluminum's second quarter 2024 results showed a decrease in net sales to $773 million compared to $814 million in the prior year period, driven by a 6% reduction in shipments. Net income was $3 million, impacted by a $9 million unfavorable non-cash LIFO charge. The company is revising its financial outlook due to reduced commercial jet build rates and an extended outage at the Warrick facility.
- Net sales were $773 million; conversion revenue was $369 million.
- Net income was $3 million, or $0.19 per diluted share.
- Adjusted net income was $11 million, or $0.65 per diluted share.
- Adjusted EBITDA was $54 million with a margin of 14.5%.
Headline financials
Revenue & EPS history
Kaiser Aluminum · Revenue · Quarterly
$773M
Revenue by segment
Kaiser Aluminum · $146M total across 2 segments · Q3 2023
- Packaging$118M-19.7%80.8%
- Automotive Extrusions$28M+7.7%19.2%
Forward guidance
The Company expects demand across its end markets in 2024 to remain relatively consistent with 2023 with the potential for a modest upside. Accordingly, for the full year 2024, the Company expects conversion revenue to be flat to up 1% and adjusted EBITDA margins to improve 50 to 100 basis points over 2023.
Tailwinds
- Demand across end markets expected to remain consistent with 2023.
- Potential for a modest upside in demand.
- Shipments expected to improve from current levels in the packaging market.
- Conversion revenue expected to be flat to up 1% for the full year 2024.
- Adjusted EBITDA margins expected to improve 50 to 100 basis points over 2023.
Headwinds
- Cautious near-term outlook for the commercial aerospace market.
- Lower than expected 2024 build rates resulting in reduced anticipated shipments and conversion revenue year-over-year in aerospace.
- Typical seasonality in general engineering market expected to result in a slight headwind to shipments.
- Summer shutdowns in automotive extrusions market expected to result in a slight headwind to shipments.
- Outages during the first half of 2024 negatively impacted shipments in the packaging market.
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 2024
-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% | — | — |
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