Kaiser Aluminum Corporation Reports Third Quarter and First Nine Months 2020 Financial Results

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Go back to Kaiser Aluminum Corporation Reports Third Quarter and First Nine Months 2020 Financial Results

Kaiser Aluminum (KALU) Tops Q3 EPS by 9c

October 21, 2020 4:32 PM EDT

Kaiser Aluminum (NASDAQ: KALU) reported Q3 EPS of $0.33, $0.09 better than the analyst estimate of $0.24. Revenue for the quarter came in at $256 million versus the consensus estimate of $257.48 million.

Outlook

Looking to the balance of the year, we reiterate our outlook for the second half of 2020 that we communicated on our second quarter earnings call. We continue to anticipate total value added revenue to be down 10%-15% compared to the second quarter pace driven by lower commercial aerospace and business jet sales, offset by continued... More