By Connor Hart
Kaiser Aluminum logged higher revenue in the fourth quarter on increased shipments, as it forecast continued stabilization across aluminum markets this year.
The aluminum-products purveyor on Wednesday posted a profit of $7.1 million, or 43 cents a share, compared with $7.6 million, or 47 cents a share, a year earlier.
Adjusted per-share earnings came in at 33 cents.
Revenue increased 6% to $765.4 million. Shipments rose to 292 million pounds from 284 million pounds last year.
Chief Keith Harvey said he is pleased with the company's performance in 2024. "As we progress into 2025, we expect market conditions to stabilize and become more favorable, enabling us to capitalize on significant growth investments that are nearing completion," he said.
In the current year, Kaiser said it expects consolidated conversion revenue to increase 5% to 10% compared with 2024.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
February 19, 2025 16:58 ET (21:58 GMT)
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