Kaiser Aluminum KALU Q4 2024 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Wed, April 22, 2026 astatine 11:30 AM CDT 31 min read

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Thursday, February 20, 2025 astatine 10 a.m. ET

• Chief Executive Officer — Keith Harvey

• Executive Vice President and Chief Financial Officer — Neal West

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Keith Harvey; and Executive Vice President and Chief Financial Officer, Neal West. Before we begin, I’d similar to notation you to the archetypal 4 slides of our presumption and punctual you that the statements made by absorption and the accusation contained successful this presumption that represent forward-looking statements are based connected management’s existent expectations. For a summary of circumstantial hazard factors that could origin results to disagree materially from the forward-looking statements, delight notation to the company’s net merchandise and reports filed with the Securities and Exchange Commission, including the company’s yearly study connected Form 10-K for the afloat twelvemonth ended December 31, 2023.

The institution undertakes nary work to update immoderate forward-looking connection to conform the connection to existent results oregon changes successful the company’s expectations. In addition, we person included non-GAAP fiscal accusation successful our discussion. Reconciliations to the astir comparable GAAP fiscal measures are included successful the net merchandise and successful the appendix of the presentation. Reconciliations of definite forward-looking non-GAAP fiscal measures to comparable GAAP fiscal measures are not provided due to the fact that definite items required for specified reconciliations are extracurricular of our power and/or cannot beryllium reasonably predicted oregon provided without unreasonable effort. Any notation to EBITDA successful our treatment contiguous means adjusted EBITDA, which excludes non-run complaint items for which we person provided reconciliations successful the appendix.

Further, Slide 5 contains definitions of presumption and measures that volition beryllium commonly utilized passim today’s presentation. At the decision of the company’s presentation, we volition unfastened up the telephone for questions. I would present similar to crook the telephone implicit to Keith Harvey. Keith?

Keith Harvey: Thanks, Kim, and convey you each for joining america for reappraisal of our 4th fourth and afloat twelvemonth 2024 results. Turning to Slide 7, our results for the twelvemonth met our expectations for some conversion gross and borderline expansion. This was our 2nd consecutive twelvemonth of EBITDA borderline expansion, expanding by astir 60 ground points year-over-year. More notably, it has expanded by 460 ground points since the debased established during the pandemic successful 2022. In 2025, we expect to proceed our advancement towards achieving our EBITDA borderline goals successful the mid-20% range, which I volition picture later. The marketplace backdrop successful 2024, truly since the commencement of the pandemic, has been analyzable and rapidly changing.