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Get filing alertsKaiser Aluminum Q3 sales jump 44% to $1.21B, but net income falls to $31M
Filed October 21, 2026 · Period ending October 21, 2026 · ~1 min read
Key Changes
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Net sales rose 44% year-over-year to $1.21 billion, driven by higher realized prices and an 11% increase in shipments.
Item 2.02 verify on EDGAR → -
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GAAP net income was $31 million, or $1.84 per diluted share, down from $39.5 million, or $2.38 per diluted share, a year earlier.
Item 2.02 verify on EDGAR → -
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Adjusted EBITDA was $84 million, up 3% from $81.3 million, but adjusted EBITDA margin fell to 19.1% from 23.2%.
Item 2.02 verify on EDGAR → -
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Net debt leverage improved to 2.0x from 3.4x at year-end 2025, with total liquidity of $687 million.
Item 2.02 verify on EDGAR → -
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Declared a quarterly cash dividend of $0.77 per share, payable November 13, 2026 to stockholders of record October 23, 2026.
Item 2.02 verify on EDGAR →
Summary
Kaiser Aluminum reported preliminary third-quarter 2026 results, with net sales surging 44% to $1.21 billion on higher prices and shipments. However, net income declined to $31 million from $39.5 million a year earlier, and adjusted EBITDA margin compressed to 19.1% from 23.2%, reflecting unfavorable metal price lag and higher costs.
The company strengthened its balance sheet, reducing net debt leverage to 2.0x from 3.4x, and declared a $0.77 quarterly dividend. The results were furnished in a press release as Exhibit 99.1 and are not filed for purposes of Section 18 of the Exchange Act.
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
Kaiser Aluminum reported preliminary Q3 2026 results via press release furnished as Exhibit 99.1.
Added in current filing · verify on EDGAR →
On October 21, 2026, Kaiser Aluminum Corporation (the “Company”) issued a press release reporting its preliminary, unaudited financial results for the quarter ended September 30, 2026.
The company issued a press release with preliminary, unaudited financial results for the quarter ended September 30, 2026. The press release is furnished as Exhibit 99.1 and incorporated by reference into Item 2.02. The filing does not include the actual figures in the body; they are in the exhibit.
Event · Exhibit 99.1
Kaiser Aluminum reports Q3 2026 results with net sales of $1.2B, net income of $31M, and maintains full-year outlook.
Added in current filing · view on EDGAR → · paraphrased
Net income $31 Million; Net Income per Diluted Share $1.84
GAAP net income was $31 million, or $1.84 per diluted share, compared to $39.5 million, or $2.38 per diluted share, in the prior-year quarter. Adjusted net income was $32 million, or $1.89 per diluted share.
Added in current filing · view on EDGAR →
Adjusted EBITDA $84 Million; Adjusted EBITDA Margin 19.1%
Adjusted EBITDA was $84 million, up 3% from $81.3 million in the prior-year quarter. Adjusted EBITDA margin was 19.1%, down from 23.2% a year ago, reflecting an approximate $29 million unfavorable metal price lag change and a 640-basis point impact from higher metal consumption costs and lower operating efficiencies.
Added in current filing · view on EDGAR →
Strengthened Balance Sheet, Reducing Net Debt Leverage to 2.0x From 3.4x at Year End 2025
Net debt leverage improved to 2.0x from 3.4x at year-end 2025. Cash and cash equivalents improved to $117 million, and total liquidity was $687 million, including $570 million of borrowing availability under the revolving credit facility.
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Figures/quotes linked to EDGAR · Narrative written by AI · Oct 22, 2026 · How we verify