Kaiser Aluminum reports stable growth, strategic investments By Investing.com
Kaiser (NASDAQ:) Corporation (NASDAQ: KALU) held its Third Quarter 2024 Earnings Conference Call on [insert date], presenting a steady performance with a slight increase in conversion revenue and a significant rise in net income. President and CEO Keith Harvey, alongside CFO Neal West, outlined the company’s stable outlook for the year, strategic capital investments, and sector-specific developments.
Key Takeaways
- Adjusted EBITDA for Q3 2024 stood at approximately $50 million, with a $4 million GAAP LIFO charge.
- Conversion revenue grew 1% year-over-year to $362 million.
- Aerospace and high-strength conversion revenue dropped by 5%, while packaging revenue increased by 9%.
- Net income was $12 million or $0.74 per diluted share, an…
