- Net sales increased to $777 million in Q1 2025 from $738 million in the previous year.
- Kaiser Aluminum (KALU, Financial) reported a net income of $22 million, or $1.31 per diluted share.
- Adjusted EBITDA for Q1 2025 stood at $73 million with a margin of 20.2%.
Kaiser Aluminum Corporation (KALU), a prominent player in the aluminum products sector, announced its first-quarter 2025 financial achievements, marking a promising start to the year. The company reported net sales of $777 million, reflecting an increase from $738 million in the first quarter of 2024, primarily driven by higher average realized sales price.
The company's net income for the quarter increased to $22 million, equating to net income per diluted share of $1.31, compared to $18 million and $1.12 per share in the previous year. Adjusted net income came in at $24 million, or $1.44 per diluted share. Kaiser Aluminum's adjusted EBITDA reached $73 million, demonstrating a significant growth from $54 million the prior year, with an adjusted EBITDA margin of 20.2%.
In terms of liquidity, Kaiser Aluminum reported cash and cash equivalents of $21 million and a large borrowing capacity under its Revolving Credit Facility, totaling $577 million. This position of financial strength supports ongoing strategic initiatives, including the expansion at their Warrick and Trentwood rolling mills, aimed at bolstering capacity for anticipated market recovery.
Looking forward, the company expects consolidated conversion revenue to grow between 5% and 10% and projects a similar improvement in adjusted EBITDA for the full year 2025. This outlook is underpinned by strong Q1 results and stable expectations for metal prices, with a strategic focus on expanding operations and maintaining cost discipline to enhance stakeholder value.
