Kaiser Aluminum Corporation

Pre-Market Stock Futures: Futures are trading higher as we head into a new week that will finish out October, with traders trying to rally stocks after last week's losing effort. With Halloween on Saturday, this week may be as scary as last week. All major indices closed lower again on Friday after a midday attempt

Kaiser Aluminum is upgraded to 'BUY' following a sharp valuation-driven selloff, with a $120/share price target. Despite margin pressure and a 20% EPS miss, KALU's aerospace and packaging demand remains robust, supporting a conservative $10/share normalized EPS. I model normalized EBITDA at $400M, viewing recent operational inefficiencies as largely external and temporary, not thesis-breaking.

Kaiser sees stronger aerospace demand and rising cash flow, but metal costs and operational disruptions pressure margins despite improving 2027 visibility.

Kaiser Aluminum Corporation ( KALU ) Q3 2026 Earnings Call October 22, 2026 10:00 AM EDT Company Participants Keith Harvey - CEO, President & Chairman Neal West - Executive VP & CFO Fred Stephan Conference Call Participants Kimberly Orlando - ADDO Investor Relations Samuel McKinney - KeyBanc Capital Markets Inc., Research Division William Peterson - JPMorgan Chase & Co, Research Division Timna Tanners - Wells Fargo Securities, LLC, Research Division Alex Stansbury - UBS Investment Bank, Research Division Presentation Operator Greetings. Welcome to the Kaiser Aluminum Corporation Third Quarter 2026 Earnings Conference Call.