Kaiser Aluminum Corporation Reports Third Quarter and First Nine Months 2019 Financial Results
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Kaiser Aluminum (KALU) Misses Q3 EPS by 8c, Revenues Miss
October 23, 2019 4:44 PM EDTKaiser Aluminum (NASDAQ: KALU) reported Q3 EPS of $1.82, $0.08 worse than the analyst estimate of $1.90. Revenue for the quarter came in at $375 million versus the consensus estimate of $393.94 million.
Third Quarter 2019 Results:
Net Sales $375 Million; Net Income $25 Million; Earnings per Diluted Share $1.57Value Added Revenue $215 Million; Adjusted EBITDA $57 Million; Adjusted EBITDA Margin 26.4%Adjusted Net Income $29 Million; Adjusted Earnings per Diluted Share $1.82Third Quarter 2019 Highlights:
Record Value Added Revenue and Adjusted EBITDA - Strong Aerospace Demand, Value Added PricingWeakening Industrial Demand Exacerbated by Supply Chain DestockingLower Than... More