Kaiser Aluminum Q2 sales and adjusted net income beat estimates; FY outlook raised
KALU•Outlook and result drivers
Kaiser Aluminum now expects 2026 Conversion Revenue at the high end of 10%-15% year-over-year growth.
The company raised its 2026 Adjusted EBITDA outlook to 45%-55% year-over-year growth and said its outlook assumes neutral metal price lag for the rest of 2026.
Drivers of the quarter included:
- Packaging mix - Higher-value packaging mix and strong pricing in packaging drove conversion revenue growth.
- Aerospace demand - Improving aerospace demand and easing destocking supported shipment growth.
- Metal price lag - Favorable metal price lag provided a tailwind to earnings.
Quarterly results and outlook
Kaiser Aluminum said second-quarter sales and adjusted net income beat analyst expectations, and it raised its full-year outlook on strong demand, pricing and improved product mix.
The company also declared a quarterly dividend and said its net debt leverage ratio improved to 2.1x.
Key quarterly figures and analyst view
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Sales | Beat | $1.25 bln | $1.12 bln (4 Analysts) |
| Q2 EPS | $5.72 | ||
