Kaiser Aluminum Corporation Reports Third Quarter 2026 Financial Results
Business Wire•21/10/2026•16:30 ET
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Key Highlights
- ➤Q3 net sales $1.21 billion, up from $844 million year-over-year
- ➤Conversion Revenue $439 million, up 25% year-over-year
- ➤Adjusted EBITDA $84 million, up 3%; margin fell to 19.1%
- ➤2026 Adjusted EBITDA growth outlook maintained at 45%-55%, now lower end
- ➤Net debt leverage improved to 2.0x from 3.4x at year-end 2025
Expert Statements
Keith A. Harvey, Chairman, President and Chief Executive Officer of Kaiser Aluminum
“Our results reflected continued strength in customer demand, improved Conversion Revenue, and favorable pricing and product mix. While reported EBITDA increased modestly year-over-year, the comparison was significantly affected by the higher favorable metal price lag reflected in the prior year quarter, which, as expected, did not continue in the current quarter. Despite this headwind, as well as other operational challenges that impacted third quarter margins, the business delivered meaningful underlying improvement year over year.”
Keith A. Harvey, Chairman, President and Chief Executive Officer of Kaiser Aluminum
“As we look toward 2027 and beyond, customer visibility continues to improve and conversations are increasingly focused on future growth, long-term supply and expanding capacity requirements. With the investments we have made across the portfolio and the strength of our market positions, we believe Kaiser is exceptionally well positioned to capitalize on the opportunities ahead.”
Kaiser Aluminum Corporation Reports Third Quarter 2026 Financial Results
Adjusted Net Income $32 Million; Adjusted Net Income per Diluted Share $1.89
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