| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 1.3K | 13.5% | 52.7% |
| Total Income | 1.3K | 13.5% | 52.7% |
| Expenditure | 1.1K | 11.3% | 43.0% |
| PBT | 126.30 | 53.3% | 322.4% |
| Net Profit | 96.80 | 54.9% | 317.2% |
| OPM | 10.64% | 1.80pp | 6.02pp |
| NPM | 7.70% | 2.06pp | 4.88pp |
| EPS | 5.92 | 53.8% | 311.1% |
Kaiser Aluminum Reports Record Second Quarter 2026 Financial Results
23 Jul 2026 · 23 Jul, 2:12 am
Summary
Kaiser Aluminum Corporation reported record second quarter 2026 financial results, with Net Sales reaching $1.3 billion and Conversion Revenue at $437 million. The company achieved record Net Income of $97 million ($5.72 per diluted share) and Adjusted EBITDA of $166 million with a margin of 38.1%. Management highlighted strong end-market positioning, disciplined execution, and strategic initiatives as drivers for the record performance, leading them to raise the full-year outlook for both Conversion Revenue and Adjusted EBITDA.
Key Highlights
- 1
Kaiser Aluminum reported record second quarter 2026 results with Net Sales of $1.3 billion and Conversion Revenue of $437 million.
- 2
The company achieved record Net Income of $97 million, or $5.72 per diluted share, and Adjusted Net Income of $94 million, or $5.53 per diluted share.
- 3
Adjusted EBITDA reached a record $166 million, with an Adjusted EBITDA Margin of 38.1% for the second quarter of 2026.
- 4
Shipments for the second quarter of 2026 improved 6% year-over-year, driven by sustained demand in the Packaging end market and strengthening aerospace production.
- 5
Conversion Revenue for the second quarter of 2026 increased 17% year-over-year to $437 million, primarily due to strong pricing and an improved product mix in the Packaging end market.
- 6
The company declared a quarterly dividend of $0.77 per share and its Net Debt Leverage Ratio improved to 2.1x as of June 30, 2026.
- 7
Kaiser Aluminum is raising its full year 2026 outlook, expecting Conversion Revenue at the high end of its previously stated range and Adjusted EBITDA growth of 45% to 55% year-over-year.
Management Comments
Keith A. Harvey
Our record second quarter results reflect the continued strength of our end-market positioning, disciplined execution and the benefits of our strategic initiatives. Higher-value packaging mix, improving aerospace demand, favorable scrap spreads and strong customer activity drove meaningful EBITDA growth, supported by metal lag tailwinds. While we expect aluminum price dynamics to normalize over the balance of the year, our underlying operations remain strong, and we are raising our full year outlook based on continued confidence in the business.
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