Kaiser Aluminum Posts 3Q Adjusted EPS of $1.89
KALU sits 99% above its 52-week low of $77.24.
Summary
Kaiser Aluminum reported third-quarter adjusted EPS of $1.89, alongside GAAP EPS of $1.84, net income of $31M and sales of $1.21B, with adjusted EBITDA of $84M. That follows a record Q2 in July — $1.26B in net sales and $96.8M net income — that led management to raise full-year guidance, so the bar was already high. The company now guides to the low end of its full-year outlook. This also lands three weeks after the company declared a $0.77 quarterly dividend and ahead of Fred Stephan taking over as CEO on November 1.
At the time of this announcement, KALU was trading at $153.95 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $2.5B. The 52-week trading range was $77.24 to $199.89. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.