Loading...
•
Sep 30, 2022
Kaiser Aluminum Q3 2022 Earnings Report
Reported third quarter 2022 results, which were significantly impacted by magnesium and molten metal supply chain issues. However, these challenges have been successfully resolved, positioning the company to operate on a more normalized basis for the remainder of the year.
Key Takeaways
Kaiser Aluminum Corporation reported third quarter 2022 results, with net sales of $749 million and a net income of $3 million, or $0.16 per diluted share. The results were impacted by supply chain issues and costs, but the company has resolved these challenges and expects improved performance in the fourth quarter.
Net Sales $749 Million; Value Added Revenue $356 Million
Net Income $3 Million; Net Income per Diluted Share $0.16
Adjusted Net Income $10 Million; Adjusted Income per Diluted Share $0.60
Adjusted EBITDA $31 Million; Adjusted EBITDA Margin 8.8%
Revenue by Segment
Forward Guidance
The company anticipates its adjusted EBITDA and margin in the fourth quarter will be similar to the first half 2022 and they remain focused on continuing to address inflationary challenges through pricing and cost reduction initiatives.
Positive Outlook
- The company has successfully resolved the magnesium and molten metal supply chain issues at its Warrick rolling mill.
- The company is positioned to operate on a more normalized basis.
- The company anticipates its adjusted EBITDA and margin in the fourth quarter will be similar to the first half 2022.
- The company remains focused on continuing to address inflationary challenges through pricing and cost reduction initiatives.
- The fundamentals of the aerospace, packaging, general engineering and automotive end markets continue to be solid.
Challenges Ahead
- Third quarter 2022 results were significantly impacted by the magnesium and molten metal supply chain issues at the Warrick rolling mill.
- The company incurred incremental costs and inefficiencies of ~$24 million driven by outage and supply chain issues.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...