By Christopher Kuo

Kaiser Aluminum raised its outlook amid higher shipments and an increase in its average realized sales price during the first quarter.

The aluminum manufacturer on Wednesday raised its full-year outlook for adjusted earnings before interest, taxes, depreciation and amortization, now expecting Ebitda to improve by 20% to 30% year over year.

Kaiser said its improved outlook is due to stronger demand, favorable pricing, an improved mix within its packaging operations, as well as consistent execution across its portfolio, along with metal lag gains, referring to the differences in the current cost of metal purchases and the period in which sales are realized.

The company reported a profit of $62.5 million, or $3.71 a share, compared with $21.6 million, or $1.31 a share, a year earlier.

Adjusted earnings were $3.74 a share. Analysts polled by FactSet were expecting earnings of $1.96 a share.

The company's Ebitda growth was driven by higher value packaging mix, improving aerospace demand, widening scrap spreads and strong customer activity across all end markets, said Chief Executive Keith Harvey.

Revenue rose to $1.12 billion from $777.4 million a year earlier, boosted by higher shipments and an increase in average realized sales prices. Analysts were expecting revenue of $1 billion.

Shipments for the first quarter grew 7% year over year, the company said.

Write to Christopher Kuo at chris.kuo@wsj.com

(END) Dow Jones Newswires

April 22, 2026 17:07 ET (21:07 GMT)

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