Oct 21, 4:40 PM ET
Kaiser Aluminum reported preliminary unaudited third quarter 2026 results, with net sales up sharply from a year earlier on higher metal costs passed through to customers and higher shipments. Net income and diluted EPS fell from the prior-year quarter, though Adjusted EBITDA rose slightly, and the company now expects full-year Adjusted EBITDA growth toward the lower end of its 45% to 55% range. The filing also confirms a CEO change effective November 1, 2026.
- Net sales were $1,215 million versus $844 million a year earlier; Conversion Revenue was $439 million, up 25%.
- Net income was $31 million, or $1.84 per diluted share, versus $40 million, or $2.38, in the prior-year quarter.
- Adjusted EBITDA was $84 million versus $81 million; the 2026 Adjusted EBITDA growth outlook of 45% to 55% is maintained but now expected toward the lower end.
- Fred Stephan succeeds Keith A. Harvey as President and CEO effective November 1, 2026; a $0.77 quarterly dividend was declared.
Read the filing on SEC.gov ↗
Aug 17, 4:16 PM ET
Kaiser Aluminum said Fred Stephan, 61, a former Chief Operating Officer of Amcor's flexible packaging unit, will become CEO and President on November 1, 2026, succeeding Keith A. Harvey, who will become Executive Chairman. The Board will grow from nine to ten directors when Stephan joins, and the company amended its Key Employee Severance Plan, which covers Stephan's severance terms.
- Stephan's offer letter sets a base salary of $1,150,000, a short-term cash incentive target of $1,440,000 and a long-term incentive target of $4,430,000 beginning in 2027.
- Stephan receives a sign-on restricted stock unit grant with a target value of $2,000,000 on the November 1, 2026 effective date.
- Harvey, CEO since July 31, 2020, will serve as a special advisor to Stephan through October 31, 2027.
- The Board will increase from nine to ten directors on the effective date.
Read the filing on SEC.gov ↗
Jul 22, 4:40 PM ET
Kaiser Aluminum reported preliminary, unaudited second-quarter 2026 results, with net sales of $1.26 billion and net income of $97 million, up from $823 million and $23 million a year earlier. The company raised its full-year 2026 outlook, now expecting Adjusted EBITDA growth of 45% to 55% year over year, which benefits shareholders while noting that metal price tailwinds are not assumed to continue.
- Net sales rose to $1.26 billion from $823 million; shipments increased 6% to 306 million pounds.
- Diluted EPS was $5.72 versus $1.41; adjusted diluted EPS was $5.53 versus $1.21.
- Full-year 2026 Adjusted EBITDA growth outlook raised to 45% to 55%; Conversion Revenue expected at the high end of the 10% to 15% range.
- Quarterly dividend of $0.77 per share declared, payable August 14, 2026; net debt leverage ratio improved to 2.1x.
Read the filing on SEC.gov ↗
Jun 4, 4:30 PM ET
At its June 4, 2026 annual meeting, Kaiser Aluminum stockholders re-elected three Class I directors, approved an advisory vote on executive pay, ratified Deloitte & Touche LLP as auditor for 2026, and approved an amended 2021 Equity and Incentive Compensation Plan. The amendment adds 395,000 shares for equity awards, bringing the total available under the plan to 1,183,000 shares, which sets the pool for future stock-based pay that could dilute existing holders.
- Plan amendment adds 395,000 shares; total available under the Amended 2021 Plan is 1,183,000 shares
- Plan approved with 94.43% of votes cast for
- Say-on-pay advisory vote approved with 98.68% of votes cast for
- Deloitte & Touche LLP ratified as independent auditor for 2026 with 98.20% of votes cast for
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.