Kaiser Aluminum Q3 sales slightly miss estimates
KALU•Kaiser Aluminum reported Q3 sales of $1.21 billion, slightly below estimates. Adjusted EPS was $1.89 versus $2.36 expected, and the company maintained its 2026 outlook for conversion revenue growth while expecting adjusted EBITDA growth toward the lower end of its range.
1. Quarterly results
Kaiser Aluminum reported Q3 sales of $1.21 billion, slightly missing analyst expectations. Adjusted EPS was $1.89, below the $2.36 consensus, while adjusted net income of $32 million missed the $37.72 million estimate.
2. Demand and outlook
The company cited strong demand in aerospace and high-strength and general engineering markets. Higher shipments reflected added capacity at its Trentwood facility and recovery from a partial outage the prior year; unfavorable metal price lag and operational headwinds weighed on results. Kaiser Aluminum maintained its 2026 outlook for conversion revenue growth at the high end of 10%-15%, and expects adjusted EBITDA growth toward the lower end of 45%-55% versus 2025.
