Kaiser Aluminum Posts Record Q2, Lifts Full-Year Outlook on Robust Packaging and Aerospace Demand
KALU has more than doubled off its 52-week low of $71.44.
Summary
Kaiser Aluminum reported record Q2 2026 results with net sales of $1.26B and adjusted EBITDA of $166M, and raised its full-year outlook for both Conversion Revenue and Adjusted EBITDA growth.
Key Events · Earnings and Guidance · KALU
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Record Q2 Results
All quarterly records: net sales of $1.26B, conversion revenue of $437M, net income of $97M, and adjusted EBITDA of $166M.
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Raised Full-Year Outlook
Conversion Revenue now expected at the high end of 10-15% growth; Adjusted EBITDA growth raised to 45-55% year-over-year.
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Strong End-Market Demand
Packaging shipments rose 10% YoY with a favorable mix, while aerospace demand is improving as destocking eases.
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Improved Balance Sheet
Net debt leverage ratio improved to 2.1x from 3.4x at year-end 2025; total liquidity of $628M with no revolver borrowings.
Analysis · KALU · Manufacturing
A massive Q2 beat saw Kaiser Aluminum deliver net sales of $1.26 billion and adjusted EBITDA of $166 million, far exceeding prior-year levels. The company raised its full-year 2026 guidance, now expecting Adjusted EBITDA growth of 45-55% and Conversion Revenue at the high end of its 10-15% growth range. This signals sustained momentum in packaging and aerospace, with improving leverage and ample liquidity. Given the magnitude of the beat and the raised outlook, the results and guidance upgrade are likely to drive a positive stock reaction.
How filings like this one have moved
In the 30 days to Oct 3, 2026, 36.5% of the 1062 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.61%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, KALU was trading at $174.80 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $2.7B. The 52-week trading range was $71.44 to $195.96. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.