Kaiser Aluminum signals 2026 free cash flow to exceed $200M while maintaining ~45% EBITDA growth outlook (NASDAQ:KALU)

Kaiser Aluminum reported 3Q 2026 revenue of $1.21B, up 44% YoY, with net income down 21.5% to $31M and EPS down 22.7% to $1.84. Sales grew in most segments, but Automotive Extrusions shipments fell 15%. Management expects 2026 revenue growth near the high end of its 10–15% range and adjusted EBITDA growth near the low end of its 45–55% range.

Kaiser Aluminum (KALU) reported Q3 2026 revenue of $439M, up 25% YoY, with strong demand across aerospace, packaging, and general engineering. Adjusted net income was $32M ($1.89 per share), up slightly from last year. The company expects robust long-term demand and is investing in capacity expansion.

Kaiser Aluminum (KALU) shares dropped 23% after Q3 earnings missed estimates, with adjusted EPS at $1.89 and EBITDA margin falling to 19.1% from 23.2%. The decline was driven by a $29M swing in metal price lag and operational challenges, including plant outages and startup costs. The company now expects 2026 EBITDA growth near the low end of its 45-55% range.

Kaiser Aluminum (KALU) reported Q3 revenue growth in aerospace, packaging, and general engineering segments, but EBITDA declined sequentially due to metal costs and operational outages. The company maintained its full-year EBITDA growth outlook but expects results near the lower end. CEO Keith Harvey will transition to executive chair, with Fred Stephan taking over as CEO. Kaiser is a producer of semi-fabricated aluminum products.

Kaiser Aluminum (KALU) reported Q3 2026 earnings with strong demand but missed expectations due to margin pressures. Adjusted earnings were $1.89 per share, below the $2.37 estimate. Shares fell 21.62% to $120.67. Despite challenges, the company reported record conversion revenue of $439 million and raised full-year free cash flow guidance to over $200 million. Management expects demand to remain robust, with capacity investments planned for 2027.

Kaiser (KALU) reported Q3 EPS of $1.89, missing estimates by $0.48, while revenue matched expectations at $1.21B. The stock is down 5.39% over 3 months but up 98.18% year-over-year. Analysts revised EPS estimates 3 times positively and once negatively in the last 90 days.