Quarterly ResultJul 22, 2026, 04:42 PM
Kaiser Aluminum Reports Record Q2 Net Sales $1.3B, Net Income $97M; Raises Outlook
AI Summary
Kaiser Aluminum Corporation announced record preliminary financial results for the second quarter of 2026, with net sales reaching $1.26 billion and net income hitting $97 million. The company also reported record Adjusted EBITDA of $166 million and a significant improvement in its net debt leverage ratio to 2.1x. Following these strong results, Kaiser Aluminum raised its full-year outlook for both Conversion Revenue and Adjusted EBITDA, reflecting continued confidence in its business performance.
Key Highlights
- Reported record Q2 Net Sales of $1.26 billion, up from $823 million year-over-year.
- Achieved record Q2 Net Income of $97 million, compared to $23 million in prior year.
- Recorded record Q2 Diluted EPS of $5.72, significantly up from $1.41 year-over-year.
- Delivered record Q2 Adjusted EBITDA of $166 million, a 144% increase year-over-year.
- Conversion Revenue for Q2 increased 17% to $437 million.
- Net Debt Leverage Ratio improved to 2.1x as of June 30, 2026, from 3.4x at year-end 2025.
- Declared a quarterly cash dividend of $0.77 per share.
- Raised full-year Adjusted EBITDA outlook to 45% to 55% year-over-year growth.
Price Impact
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