Kaiser Aluminum

Q3 FY2026 EarningsQ3 FY26 results delivered a slight beat on top-line revenue ($1,214.5M vs. $1,213.4M expected) but significantly missed on the bottom line, with Diluted EPS of $1.84 falling short of the $2.46 consensus. While Aero/HS and Packaging segments saw volume growth, the bottom-line miss was driven by a sharp contraction in gross margin to 9.5% (vs. 11.8% expected) due to unfavorable metal consumption costs and lower scrap utilization. Management maintained its FY26 Adjusted EBITDA growth guidance of 45%-55% YoY, but cautioned that results are now expected at the lower end of that range.