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KAISER ALUMINUM (KALU)

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Earnings summaries and quarterly performance for KAISER ALUMINUM.

Recent press releases and 8-K filings for KALU.

Kaiser Aluminum Closes New Senior Notes Offering
KALU
Debt Issuance
  • Kaiser Aluminum Corporation closed its offering of $500.0 million aggregate principal amount of 5.875% senior notes due 2034 on November 5, 2025.
  • The company plans to use the net proceeds from this offering, combined with borrowings and/or cash on hand, to redeem its existing 4.625% senior notes due 2028.
  • The notes were issued in a private transaction, exempt from registration requirements, and offered to qualified institutional buyers and non-U.S. persons.
Nov 5, 2025, 9:50 PM
Kaiser Aluminum Closes New Senior Notes Offering
KALU
Debt Issuance
  • Kaiser Aluminum Corporation has closed its offering of $500.0 million aggregate principal amount of 5.875% senior notes due 2034.
  • The notes were offered in a private transaction and will pay interest semiannually.
  • The company intends to use the net proceeds from this offering, along with other funds, to redeem all outstanding amounts of its existing 4.625% senior notes due 2028.
Nov 5, 2025, 9:30 PM
Kaiser Aluminum Prices New Senior Notes
KALU
Debt Issuance
  • Kaiser Aluminum Corporation has priced $500.0 million aggregate principal amount of 5.875% senior notes due 2034.
  • The offering is expected to be completed on November 5, 2025, subject to customary closing conditions.
  • The net proceeds from the new notes will be used to redeem all outstanding amounts of its existing 4.625% senior notes due 2028.
Oct 27, 2025, 9:25 PM
Kaiser Aluminum Plans Senior Notes Offering to Refinance Debt
KALU
Debt Issuance
  • Kaiser Aluminum Corporation plans to issue $500 million in senior notes due 2034 with an interest rate of 5.875%.
  • The primary goal of this offering is to redeem all outstanding 4.625% senior notes due 2028, aiming to optimize its debt structure.
  • This private offering is expected to close in early November 2025.
  • The company reported third-quarter revenue of $844 million, a 12.8% increase year-over-year, and has a debt-to-equity ratio of 1.33.
  • An Altman Z-Score of 2.37 indicates moderate financial stress for Kaiser Aluminum.
Oct 27, 2025, 11:37 AM
Kaiser Aluminum Announces Proposed Private Placement of New Senior Notes and Conditional Redemption of Existing Notes
KALU
Debt Issuance
  • Kaiser Aluminum Corporation plans to offer $500.0 million in new senior notes due 2034 through a private transaction.
  • The company intends to use the net proceeds from this offering, along with borrowings under its revolving credit facility and/or cash on hand, to redeem all outstanding amounts of its existing 4.625% senior notes due 2028.
  • On October 27, 2025, Kaiser Aluminum provided conditional notice of its intent to redeem the 2028 notes on November 6, 2025, subject to the successful issuance of the new debt securities.
Oct 27, 2025, 11:33 AM
Kaiser Aluminum Announces Proposed Private Placement of Senior Notes and Conditional Redemption of Existing Notes
KALU
Debt Issuance
  • Kaiser Aluminum Corporation announced a plan to offer $500.0 million aggregate principal amount of senior notes due 2034 in a private transaction.
  • The company intends to use the net proceeds from this offering, combined with other funds, to redeem all outstanding 4.625% senior notes due 2028.
  • A conditional notice was issued on October 27, 2025, for the redemption of the 2028 notes on November 6, 2025, contingent on the successful issuance of the new debt.
Oct 27, 2025, 11:25 AM
Kaiser Aluminum Reports Strong Q3 2025 Results and Raises Full-Year EBITDA Outlook
KALU
Earnings
Guidance Update
New Projects/Investments
  • Kaiser Aluminum Corporation (KALU) reported a strong third quarter 2025, with adjusted EBITDA of $81 million, a $35 million increase year-over-year, and 23% EBITDA margins.
  • The company raised its full-year 2025 EBITDA outlook by 10%, now anticipating 2%-25% year-over-year growth over its recasted 2024 EBITDA of $241 million, and updated its conversion revenue guidance to be flat to up 5% year-over-year.
  • Strategic investments are nearing completion; the Trentwood Phase VII expansion is almost done, and the Warrick fourth coating line is progressing towards a full run rate by late Q4 2025, with these projects incurring approximately $20 million in Q3 startup costs.
  • Despite an 8% year-over-year reduction in shipments, KALU generated $59 million in cash flow from operations in Q3 2025 and improved its net debt leverage ratio to 3.6x as of September 30, 2025.
Oct 23, 2025, 2:00 PM
Kaiser Aluminum Reports Strong Q3 2025 Results and Raises Full-Year EBITDA Outlook
KALU
Guidance Update
Earnings
New Projects/Investments
  • Kaiser Aluminum Corporation reported Q3 2025 adjusted EBITDA of $81 million, a $35 million increase from the prior year period, achieving 23% EBITDA margins for the quarter.
  • The company is raising its full-year 2025 EBITDA outlook by 10%, now expecting 20% to 25% year-over-year growth over its recasted 2024 EBITDA of $241 million. Full-year conversion revenue guidance is updated to be flat to up 5% year-over-year.
  • Approximately $20 million in startup costs were incurred in Q3 2025 related to the Trittwood Phase 7 aerospace expansion and the Warwick fourth coating line ramp-up. The Trittwood outage specifically reduced Q3 aerospace and general engineering plate conversion revenue by approximately $15 to $20 million.
  • As of September 30, 2025, total liquidity was $577 million, and the net debt leverage ratio improved to 3.6 times from 4.3 times at the end of 2024.
Oct 23, 2025, 2:00 PM
Kaiser Aluminum Corporation Amends Credit Agreement
KALU
Debt Issuance
M&A
Dividends
  • Kaiser Aluminum Corporation (KALU) has entered into an Amended Credit Agreement, which represents the fifth amendment to the original agreement dated October 30, 2019.
  • The Amended Credit Agreement places restrictions on the company's ability to, among other things, grant liens, engage in mergers, sell assets, incur debt, pay dividends, and repurchase shares.
  • A key financial covenant requires the Borrowers to maintain a fixed charge coverage ratio of not less than 1.0 to 1.0 if certain minimum availability thresholds are not met.
  • A "Change in Control" is defined as the acquisition of more than 45% of the aggregate ordinary voting power represented by the issued and outstanding Equity Interests of KAC by any person or group.
Oct 16, 2025, 8:31 PM
Kaiser Aluminum Extends $575 Million Senior Secured Revolving Credit Facility
KALU
Debt Issuance
  • Kaiser Aluminum Corporation (KALU) has extended its $575 million senior secured revolving credit facility for up to an additional five years, now maturing in October 2030.
  • The extension and amendment became effective on October 14, 2025, and the facility was modified to incorporate improved terms offering greater operational flexibility.
  • As of the effective date, gross borrowing availability under the facility was $575 million, with $15 million in outstanding letters of credit and no outstanding loans.
Oct 16, 2025, 8:30 PM