Company Reports Q4 Revenue of $929M
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 18 2026
0mins
Should l Buy KALU?
Reports Q4 revenue $929M vs $765M last year. "Our fourth quarter performance reflected a year of consistent execution, marking our fifth consecutive quarter ahead of internal expectations and full year results that exceeded our 2025 outlook," said Keith A. Harvey, Chairman, President and Chief Executive Officer. "Metal pricing remained a favorable tailwind, and despite non-recurring costs primarily associated with our new roll coat line and Phase VII planned outage, we delivered record full year adjusted EBITDA of $310 million with an adjusted EBITDA margin above 21%. We entered 2026 with a solid foundation, clear visibility into our end markets, and the capacity to capture the benefits from our recent major investments. We remain focused on cost reductions in manufacturing and operations and deleveraging our balance sheet while delivering meaningful value for our customers and shareholders in the year ahead."
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Analyst Views on KALU
Wall Street analysts forecast KALU stock price to fall
2 Analyst Rating
1 Buy
1 Hold
0 Sell
Moderate Buy
Current: 125.090
Low
105.00
Averages
106.50
High
108.00
Current: 125.090
Low
105.00
Averages
106.50
High
108.00
About KALU
Kaiser Aluminum Corporation is a producer of semi-fabricated specialty aluminum products. The Company's fabricated aluminum mill products include flat-rolled (plate, sheet, and coil), extruded (rod, bar, hollows, and shapes), drawn (rod, bar, pipe, tube and wire) and certain cast aluminum products. Its business focuses on producing rolled, extruded, and drawn aluminum products used principally for aerospace and defense, aluminum beverage and food packaging, general engineering that includes consumer durables, electronics and products for electrical and machinery and equipment applications, and automotive products. It provides its products for a range of market applications, including aerospace and high strength (Aero/HS products); beverage and food packaging products (Packaging); general engineering (GE products); automotive (Automotive Extrusions); and other products. Its Automotive Extrusions consist of extruded aluminum products for many North American automotive applications.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Aluminum Prices Surge 9% Amid U.S.-Israel-Iran Conflict
- Aluminum Price Surge: Since the onset of the U.S., Israel, and Iran conflict, aluminum prices have risen over 9%, with spot prices reaching $3,329.3 per ton, the highest since April 2022, indicating significant market concerns over supply disruptions.
- Middle East Supply Risks: Qatalum has initiated a controlled shutdown of its output due to escalating regional conflicts, warning that a full restart could take six to twelve months and issuing force majeure notices to customers, potentially tightening aluminum supplies for Europe and the U.S.
- Market Dependency: Europe relies on Gulf countries for approximately 30% of its aluminum imports, while the U.S. sources over 20%, making both regions vulnerable to supply risks amid heightened tensions, particularly if disruptions occur in the Strait of Hormuz.
- Stock Market Reaction: The surge in aluminum prices has led to Century Aluminium's stock rising over 7%, reaching its highest level since August 2008, while Kaiser Aluminium shares gained 2%, hitting an all-time high, reflecting optimistic market sentiment towards the aluminum sector.
See More
Kaiser Aluminum (KALU) Q4 2025 Earnings Transcript
See More
Kaiser Aluminum Reports Record Q4 2025 Earnings and Strong Outlook
- Consistent Performance Growth: Kaiser Aluminum achieved over 25% EBITDA growth in Q4 2025, with total net sales reaching $3.4 billion, reflecting the company's ability to exceed internal expectations amid favorable metal pricing and moderated startup costs, thereby reinforcing its market position.
- Capital Expenditures and Shareholder Returns: The capital expenditures for 2025 amounted to $137 million, with approximately $51 million returned to shareholders through dividend payments, indicating a commitment to growth investments while prioritizing shareholder interests, which enhances market confidence.
- Optimistic 2026 Outlook: The company projects a 5% to 10% increase in conversion revenue and a 5% to 15% rise in EBITDA for 2026, particularly in aerospace and packaging, where shipments are expected to grow by 10% to 15%, laying a solid foundation for future performance.
- Operational Efficiency Focus: Management emphasized a focus on operational leverage and cost control, and despite risks from metal price volatility, strong market demand and stable pricing strategies are expected to support future cash flow and profitability.
See More
Kaiser Aluminum Q4 Earnings Analysis
- Earnings Performance: Kaiser Aluminum reported a Q4 non-GAAP EPS of $1.53, missing expectations by $0.03, indicating some pressure on profitability that could affect investor confidence.
- Sales Growth: The company achieved net sales of $929 million, a 21.4% year-over-year increase, surpassing market expectations by $19 million, demonstrating strong sales performance amid robust aluminum market demand.
- Market Reaction: Despite the EPS miss, the sales growth may attract investor attention, especially given the overall strong performance in the aluminum sector, potentially providing support for the stock price.
- Analyst Rating Changes: Kaiser Aluminum continues to be rated as a buy among analysts, reflecting optimism about its future growth potential despite the earnings pressure, indicating market confidence in its long-term strategy.
See More
Kaiser Aluminum Anticipates 5% to 10% Increase in Conversion Revenue for Full Year 2026
- Company Overview: Kaiser Aluminum is focused on improving its conversion revenue.
- Financial Expectations: The company anticipates a revenue increase of 5% to 10% for the fully year 2026.
See More
Kaiser Aluminum Reports Q4 Net Income of $28 Million
- Company Overview: Kaiser Aluminum reported a net income of USD 28 million for the fourth quarter.
- Financial Performance: The financial results indicate a positive performance for the company in the specified quarter.
See More
Aluminum Prices Surge 9% Amid U.S.-Israel-Iran Conflict
- Aluminum Price Surge: Since the onset of the U.S., Israel, and Iran conflict, aluminum prices have risen over 9%, with spot prices reaching $3,329.3 per ton, the highest since April 2022, indicating significant market concerns over supply disruptions.
- Middle East Supply Risks: Qatalum has initiated a controlled shutdown of its output due to escalating regional conflicts, warning that a full restart could take six to twelve months and issuing force majeure notices to customers, potentially tightening aluminum supplies for Europe and the U.S.
- Market Dependency: Europe relies on Gulf countries for approximately 30% of its aluminum imports, while the U.S. sources over 20%, making both regions vulnerable to supply risks amid heightened tensions, particularly if disruptions occur in the Strait of Hormuz.
- Stock Market Reaction: The surge in aluminum prices has led to Century Aluminium's stock rising over 7%, reaching its highest level since August 2008, while Kaiser Aluminium shares gained 2%, hitting an all-time high, reflecting optimistic market sentiment towards the aluminum sector.
See More
Kaiser Aluminum (KALU) Q4 2025 Earnings Transcript
See More
Kaiser Aluminum Reports Record Q4 2025 Earnings and Strong Outlook
- Consistent Performance Growth: Kaiser Aluminum achieved over 25% EBITDA growth in Q4 2025, with total net sales reaching $3.4 billion, reflecting the company's ability to exceed internal expectations amid favorable metal pricing and moderated startup costs, thereby reinforcing its market position.
- Capital Expenditures and Shareholder Returns: The capital expenditures for 2025 amounted to $137 million, with approximately $51 million returned to shareholders through dividend payments, indicating a commitment to growth investments while prioritizing shareholder interests, which enhances market confidence.
- Optimistic 2026 Outlook: The company projects a 5% to 10% increase in conversion revenue and a 5% to 15% rise in EBITDA for 2026, particularly in aerospace and packaging, where shipments are expected to grow by 10% to 15%, laying a solid foundation for future performance.
- Operational Efficiency Focus: Management emphasized a focus on operational leverage and cost control, and despite risks from metal price volatility, strong market demand and stable pricing strategies are expected to support future cash flow and profitability.
See More
Kaiser Aluminum Q4 Earnings Analysis
- Earnings Performance: Kaiser Aluminum reported a Q4 non-GAAP EPS of $1.53, missing expectations by $0.03, indicating some pressure on profitability that could affect investor confidence.
- Sales Growth: The company achieved net sales of $929 million, a 21.4% year-over-year increase, surpassing market expectations by $19 million, demonstrating strong sales performance amid robust aluminum market demand.
- Market Reaction: Despite the EPS miss, the sales growth may attract investor attention, especially given the overall strong performance in the aluminum sector, potentially providing support for the stock price.
- Analyst Rating Changes: Kaiser Aluminum continues to be rated as a buy among analysts, reflecting optimism about its future growth potential despite the earnings pressure, indicating market confidence in its long-term strategy.
See More
Kaiser Aluminum Anticipates 5% to 10% Increase in Conversion Revenue for Full Year 2026
- Company Overview: Kaiser Aluminum is focused on improving its conversion revenue.
- Financial Expectations: The company anticipates a revenue increase of 5% to 10% for the fully year 2026.
See More
Kaiser Aluminum Reports Q4 Net Income of $28 Million
- Company Overview: Kaiser Aluminum reported a net income of USD 28 million for the fourth quarter.
- Financial Performance: The financial results indicate a positive performance for the company in the specified quarter.
See More
