Kaiser Aluminum reports Q4 adjusted EPS (45c), consensus 22c

Reports Q4 revenue $776M, consensus $820.3M. "The full year 2022 was pivotal in Kaiser’s evolution as we laid the necessary groundwork to position the Company for long-term, sustainable growth despite the numerous challenges we encountered, including unprecedented supply chain disruptions, inflationary cost pressures and labor turnover, which negatively impacted our financial performance," said Keith Harvey, President and Chief Executive Officer. "We continue to work with our customers to negotiate improvements to commodity price adjustments to mitigate the impact of inflationary and volatile commodity costs on our business and improve our margin profile. We are prioritizing investments in our growth through our roll coat capacity expansion project at Warrick, which we expect will become operational by mid-to-late 2024. In addition, we remain well positioned to service the recovery we have been experiencing in aerospace and continued demand for general engineering following the completion of a long planned, major outage at our Trentwood facility in the third quarter of 2022."