Kaiser Aluminum posts profits in Q3

Kaiser Aluminum has reported a 520 percent year-on-year increase in its net income for the third quarter of this year while also posting a 12.8 percent rise in net sales.

The Franklin, Tennessee-based primary and recycled aluminum producer credits improved underlying business fundamentals for its third quarter 2025 results.

The company provides aluminum products to customers in the aerospace and high strength, packaging, general engineering and automotive extrusions markets, with its aluminum packaging production taking place at its Warrick facility in Newburgh, Indiana, which purchases and melts used beverage cans.

“We are proud to deliver our fourth consecutive quarter of results above our expectations, prompting an upward revision to our full-year 2025 adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) outlook,” Kaiser President and CEO Keith A. Harvey says.

“While our third quarter results included approximately $20 million in non-recurring startup costs tied to our major investments at the Trentwood [Washington] and Warrick facilities, favorable metal tailwinds offset these costs."

In a presentation accompanying its earnings report, Kaiser says its Packaging business unit earned $9 million in conversion revenue in this year’s third quarter, representing a 7 percent year-over-year increase in such revenue despite its volume dropping by 5 percent.

The company says its favorable Packaging results reflect gradual product mix shift from bare to coated products [and] improved pricing with strong underlying market demand.

For all of 2025, Kaiser says conditions in its Packaging business feature conversion revenue that may finish the year with from 12 percent to 15 percent growth compared with 2024.

The company says North American customer demand for aluminum used in packaging applications “remains strong” and the demand in North America exceeds current supply.

“We continue to work closely with our customers, suppliers, and industry partners to promote recycling and increase the use of recycled aluminum in our products," Kaiser writes in its 2024 sustainability report.

After nine months, Kaiser has seen its shipments decline by 5.2 percent. However, its revenue figure has risen by 14 percent and its net income is up more than 80 percent year over year.

Considering the quarter now underway and the year as a whole, Kaiser raised its predicted adjusted EBITDA figure due to strengthening underlying performance and rising metal prices.