KAISER ALUMINUM CORP (KALU) Form 10-Q — Oct 22, 2026
Kaiser Aluminum reported Q3 2026 net sales of $1.21 billion, up 44% year over year, on 11% higher shipments and a 30% higher average realized price of $4.05 per pound. Q3 net income was $31.0 million ($1.84 diluted EPS), down from $39.5 million a year ago, while nine-month net income more than doubled to $190.3 million. Nine-month Adjusted EBITDA rose to $378.8 million from $222.4 million, and Q3 Adjusted EBITDA of $84.0 million was up $2.7 million sequentially on higher volume, pricing, and mix.
Key figures
- Eps
- 1.84
- Revenue
- 1214.5
- Guidance
- Conversion Revenue growth toward high end of 10-15% outlook; Adjusted EBITDA growth of 45-55% vs 2025 now expected toward the lower end of the range
- Net Income
- 31
- Total Debt
- 1050
- Revenue Yoy
- 44% (Q3 2026 vs Q3 2025)
- Cash Position
- 117.3
- Shares Outstanding
- 16349886
- Total liquidity
- 687.2
- Dividends paid q3
- $12.8 million ($0.77 per share)
- Net income 9m 2026
- 190.3
- Shipments q3 mmlbs
- 300.2
- Diluted eps 9m 2026
- 11.26
- Senior notes 4 50 pct
- 550
- Senior notes 5 875 pct
- 500
- Adjusted ebitda 9m 2026
- 378.8
- Adjusted ebitda q3 2025
- 81.3
- Adjusted ebitda q3 2026
- 84
- Shipments q3 yoy change
- 11%
- Average realized price q3
- $4.05/lb (up 30%)
- Conversion revenue q3 2026
- 439.1
- Revolving credit availability
- 569.9
AI analysis
Red flags5 · Pro
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.