Shares of Kaiser Aluminum (NASDAQ:KALU) moved lower in after-market trading after the company reported Q2 results.
Quarterly Results
Earnings per share rose 177.78% over the past year to $1.00, which missed the estimate of $1.44.
Revenue of $741,000,000 up by 168.77% year over year, which beat the estimate of $519,180,000.
Looking Ahead
Kaiser Aluminum hasn’t issued any earnings guidance for the time being.
Revenue guidance hasn’t been issued by the company for now.
Recent Stock Performance
52-week high: $141.07
52-week low: $50.49
Price action over last quarter: down 1.61%
Company Profile
Kaiser Aluminum Corp produces and sells semi-fabricated specialty aluminum products primarily to industrial customers. The firm purchases primary and scrap aluminum, primarily from its five largest suppliers, and processes it into specialized value-added products. The company hedges its aluminum costs in an attempt to match commodity price changes between the time it purchases the raw materials and sells the finished products. Kaiser produces high-strength aluminum products for the aerospace industry, specialized aluminum extrusions for the automotive industry, and also sells products to customers in the general engineering industry. Nearly all of Kaiser’s revenue is generated in the US, with the remainder coming from Canada. The company’s operations are also located in the US and Canada.
