KAISER ALUMINUM CORP
Business
Kaiser Aluminum Corporation manufactures and sells semi-fabricated specialty aluminum mill products including flat-rolled plate, sheet and coil, extruded rod, bar and shapes, drawn rod, bar, pipe, tube and wire, and cast aluminum products. The company focuses on four strategic end markets: Aero/HS Products (aerospace and defense), Packaging (beverage and food cans), GE Products (industrial and general engineering), and Automotive Extrusions (lightweight vehicle components). Products are sold primarily in North America and Western Europe through direct sales to original equipment manufacturers, tier-one suppliers, and metal service centers.
Summary from 10-K filed 2026-02-19
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net sales | 3,373 | 3,024 | 3,087 | 3,428 | 2,622 | |
| Cost of products sold, excluding depreciation and amortization | 2,931 | 2,667 | 2,728 | 3,180 | 2,348 | |
| Depreciation and amortization | 123 | 116 | 109 | 107 | 92 | |
| Selling, general, administrative, research and development | 129 | 121 | 123 | 111 | 119 | |
| Restructuring costs | 2 | 8 | 5 | 2 | — | |
| Other operating charges, net | 0 | 400,000 | 0 | 3 | — | |
| Total costs and expenses | 3,184 | 2,912 | 2,965 | 3,424 | 2,558 | |
| Operating income | 189 | 112 | 123 | 4 | 64 | |
| Interest expense | −50 | −44 | −47 | −48 | — | |
| Other income, net - Note 13 | 11 | 20 | 7 | 6 | −39 | |
| Income before income taxes | 150 | 88 | 83 | −38 | −24 | |
| Income tax provision | −38 | −22 | −15 | 8 | 6 | |
| Net income | 113 | 66 | 68 | −30 | −19 | |
| Basic (per share) | 6.96 | 4.08 | 4.25 | −1.86 | −1.17 | |
| Diluted (per share) | 6.77 | 4.02 | 4.21 | −1.86 | −1.17 | |
| Basic (shares) | 16 | 16 | 16 | 16 | 16 | |
| Diluted (shares) | 17 | 16 | 16 | 16 | 16 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 7 | 18 | 82 | 57 | 303 | |
| Trade receivables, net | 395 | 320 | 325 | 297 | 333 | |
| Other | 28 | 22 | 13 | 74 | 53 | |
| Contract assets | 63 | 73 | 59 | 59 | 63 | |
| Inventories | 725 | 602 | 551 | 525 | 405 | |
| Prepaid expenses and other current assets | 43 | 39 | 35 | 31 | 49 | |
| Total current assets | 1,262 | 1,075 | 990 | 1,043 | 1,205 | |
| Property, plant and equipment, net | 1,145 | 1,161 | 1,052 | 1,013 | 955 | |
| Operating lease assets | 22 | 27 | 33 | 39 | 46 | |
| Deferred tax assets, net | 200,000 | 4 | 3 | 8 | 3 | |
| Intangible assets, net | 41 | 46 | 50 | 55 | 68 | |
| Goodwill | 19 | 19 | 19 | 19 | 39 | |
| Other assets | 76 | 79 | 118 | 112 | 105 | |
| Total assets | 2,565 | 2,410 | 2,267 | 2,289 | 2,422 | |
| Accounts payable | 275 | 267 | 253 | 305 | 351 | |
| Accrued salaries, wages and related expenses | 61 | 54 | 53 | 45 | 47 | |
| Other accrued liabilities | 91 | 79 | 64 | 68 | 58 | |
| Total current liabilities | 427 | 401 | 370 | 419 | 457 | |
| Long-term portion of operating lease liabilities | 22 | 25 | 29 | 35 | 41 | |
| Pension and OPEB | 73 | 71 | 77 | 69 | 93 | |
| Deferred tax liabilities | 75 | 44 | 29 | 5 | 11 | |
| Long-term liabilities | 81 | 84 | 82 | 75 | 73 | |
| Long-term debt, net | 1,060 | 1,042 | 1,040 | 1,038 | 1,036 | |
| Total liabilities | 1,739 | 1,667 | 1,615 | 1,658 | 1,730 | |
| Commitments and contingencies - Note 10 | — | — | — | — | — | |
| Preferred stock, 5,000,000 shares authorized at both December 31, 2025 and December 31, 2024; no shares were issued and outstanding at December 31, 2025 and December 31, 2024 | 0 | 0 | — | — | — | |
| Common stock, par value $0.01, 90,000,000 shares authorized at both December 31, 2025 and December 31, 2024; 23,045,729 shares issued and 16,210,443 shares outstanding at December 31, 2025; 22,931,184 shares issued and 16,095,898 shares outstanding at December 31, 2024 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | |
| Additional paid in capital | 1,133 | 1,117 | 1,105 | 1,090 | 1,079 | |
| Retained earnings | 143 | 81 | 66 | 13 | 93 | |
| Treasury stock, at cost, 6,835,286 shares at both December 31, 2025 and December 31, 2024 | −476 | −476 | −476 | −476 | −476 | |
| Accumulated other comprehensive income | 27 | 21 | 13 | 3 | −4 | |
| Total stockholders equity | 826 | 743 | 708 | 631 | 693 | |
| Total liabilities and stockholders' equity | 2,565 | 2,410 | 2,267 | 2,289 | 2,422 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation of property, plant and equipment | 118 | 112 | 103 | 98 | 83 | |
| Amortization of definite-lived intangible assets | 5 | 5 | 5 | 9 | 9 | |
| Amortization and write-off of debt issuance costs | 5 | 2 | 2 | 2 | 2 | |
| Deferred income taxes | 33 | 13 | 14 | −12 | −11 | |
| Non-cash equity compensation | 19 | 14 | 16 | 14 | 13 | |
| Non-cash asset impairment charges | 2 | 4 | — | 24 | — | |
| Gain on disposition of property, plant and equipment and asset write-offs, net | −7 | −3 | −14 | — | — | |
| Bad debt expense | 400,000 | 300,000 | — | — | — | |
| Non-cash postretirement and postemployment defined benefit plan cost | 10 | 9 | 13 | 13 | — | |
| Trade and other receivables | −82 | −5 | 33 | 15 | −90 | |
| Contract assets | 10 | −15 | 100,000 | 5 | −27 | |
| Inventories | −125 | −50 | 22 | −121 | −44 | |
| Prepaid expenses and other current assets | 1 | −10 | −3 | −2 | −900,000 | |
| Accounts payable | 15 | 14 | −43 | −61 | 113 | |
| Accrued liabilities | 13 | 10 | 7 | 4 | 17 | |
| Annual variable cash contributions to Salaried VEBA | −700,000 | −1 | — | — | −2 | |
| Long-term assets and liabilities, net | −16 | 3 | −12 | −10 | −8 | |
| Net cash provided by operating activities | 111 | 167 | 212 | −63 | 79 | |
| Capital expenditures | −137 | −181 | −143 | −143 | −58 | |
| Purchase of equity securities | −400,000 | −100,000 | −300,000 | −300,000 | −400,000 | |
| Proceeds from sale of equity securities | 6 | 300,000 | 100,000 | — | — | |
| Proceeds from disposition of property, plant and equipment | 53 | 6 | 15 | 11 | 2 | |
| Net cash used in investing activities | −78 | −175 | −128 | −126 | −666 | |
| Borrowings under the Revolving Credit Facility | 653 | — | 215 | — | — | |
| Repayment of borrowings under the Revolving Credit Facility | −631 | — | −215 | — | — | |
| Issuance of 5.875% Senior Notes | 500 | — | — | — | — | |
| Repayment of principal of 4.625% Senior Notes | −500 | — | — | — | — | |
| Cash paid for debt issuance costs | −10 | — | — | — | — | |
| Repayment of finance lease | −3 | −3 | −2 | −2 | −2 | |
| Cancellation of shares to cover tax withholdings upon common shares issued | −3 | −2 | −2 | −3 | −3 | |
| Cash dividends and dividend equivalents paid | −51 | −51 | −50 | −50 | −47 | |
| Net cash used in financing activities | −45 | −55 | −54 | −57 | 109 | |
| Net (decrease) increase in cash, cash equivalents and restricted cash during the period | −11 | −63 | 29 | −246 | −477 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is KAISER ALUMINUM CORP's CIK number?
KAISER ALUMINUM CORP's SEC CIK number is 0000811596 (811596). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find KAISER ALUMINUM CORP's SEC filings?
All of KAISER ALUMINUM CORP's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did KAISER ALUMINUM CORP last report earnings?
KAISER ALUMINUM CORP (KALU) most recently filed an earnings 8-K with the SEC on Apr 22, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001193125-26-170615). This is KAISER ALUMINUM CORP's most recent earnings filing of record — not a forecast of its next earnings date.
What is KAISER ALUMINUM CORP's most recent earnings 8-K?
KAISER ALUMINUM CORP's latest earnings 8-K (Item 2.02) was filed Apr 22, 2026 under accession 0001193125-26-170615. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View KAISER ALUMINUM CORP's latest earnings 8-K →
Look up any company's CIK number →