The earnings call presented a mix of positive and challenging aspects. Kaiser Aluminum exceeded expectations for the second quarter and improved their full year EBITDA outlook. They showed strong performance in the packaging and general engineering segments and maintained a solid liquidity position. However, they faced delays in the Warrick mill start-up, declines in aerospace and automotive revenues, and revised down their free cash flow projection due to higher working capital requirements.

Company Guidance -

Q3 2025

During the Kaiser Aluminum Corporation's Second Quarter 2025 Earnings Conference Call, the company provided updated guidance reflecting an increase in their full-year EBITDA outlook, now anticipating a growth of 10% to 15% year-over-year compared to the initial February outlook. This increase is attributed to favorable metal pricing, strong pricing, and an improving product mix, along with effective operating efficiencies and cost management, which have sustained margin levels above 19% in the first half of 2025. Despite challenges such as higher-than-anticipated working capital requirements tied to metal pricing and tariff-related uncertainties impacting the automotive segment, Kaiser projects free cash flow for the full year 2025 to be between $50 million and $70 million, down from the initial projection of $100 million. In terms of capital expenditures, the company expects to spend between $120 million and $130 million for the year, including significant investments in strategic initiatives at the Trentwood and Warrick rolling mills. Overall, Kaiser remains focused on long-term goals, aiming for mid- to high 20% EBITDA margins, and anticipates continued progress through demand cycles and investments coming online in the upcoming quarters.

Exceeded Expectations in Q2 2025

Kaiser delivered second quarter results that exceeded expectations, leading to an increased full year EBITDA outlook.

Improvement in Margins

Sustained margin levels above 19% in the first half of 2025, roughly 180 basis points stronger than in the prior year same period.

Growth in Packaging Segment

Packaging conversion revenue increased by approximately 9% year-over-year with an improved mix of higher value-added products.

Strong General Engineering Performance

General engineering conversion revenue was up $3 million or 3% year-over-year on a 5% increase in shipments.

Liquidity Position

Total liquidity of approximately $538 million as of June 30, 2025, including $525 million of borrowing availability.

Dividend Declaration

The Board of Directors declared a quarterly dividend of $0.77 per common share, showing confidence in long-term strategy.

Positive Full Year EBITDA Outlook

Full year EBITDA outlook increased by 5% versus February outlook, reflecting growth of 10% to 15% year-over-year.

Kaiser Aluminum (KALU) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

KALU Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 22, 2025	2025 (Q3)	1.05 / -	0.51	―	―	―
Jul 23, 2025	2025 (Q2)	0.77 / 1.21	0.65	86.15% (+0.56)
Apr 23, 2025	2025 (Q1)	0.60 / 1.44	1.02	41.18% (+0.42)
Feb 19, 2025	2024 (Q4)	0.41 / 0.33	0.6	-45.00% (-0.27)
Oct 23, 2024	2024 (Q3)	0.65 / 0.51	0.46	10.87% (+0.05)
Jul 24, 2024	2024 (Q2)	0.94 / 0.65	1.26	-48.41% (-0.61)
Apr 24, 2024	2024 (Q1)	0.56 / 1.02	0.42	142.86% (+0.60)
Feb 21, 2024	2023 (Q4)	-0.44 / 0.60	-0.45	233.33% (+1.05)
Oct 25, 2023	2023 (Q3)	0.50 / 0.46	0.6	-23.33% (-0.14)
Jul 25, 2023	2023 (Q2)	0.46 / 1.26	-0.03	4300.00% (+1.29)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

KALU Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 23, 2025	$91.83	$87.35	-4.88%
Apr 23, 2025	$57.68	$61.11	+5.95%
Feb 19, 2025	$69.86	$73.27	+4.88%
Oct 23, 2024	$64.69	$64.46	-0.36%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Kaiser Aluminum Corp (KALU) report earnings?

Kaiser Aluminum Corp (KALU) is schdueled to report earning on Oct 22, 2025, After Close (Confirmed).

What is Kaiser Aluminum Corp (KALU) earnings time?

Kaiser Aluminum Corp (KALU) earnings time is at Oct 22, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is KALU EPS forecast?

KALU EPS forecast for the fiscal quarter 2025 (Q3) is 1.05.

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