Have you been paying attention to shares of Kaiser Aluminum (KALU) ? Shares have been on the move with the stock up 12.5% over the past month. The stock hit a new 52-week high of $101.95 in the previous session. Kaiser Aluminum has gained 42.2% since the start of the year compared to the 10.6% move for the Zacks Industrial Products sector and the 20.9% return for the Zacks Metal Products - Procurement and Fabrication industry. What's Driving the Outperformance? Zacks Rank We also need to consider the stock' ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even ...

Momentum investing is essentially an exception to the idea of "buying low and selling high." Investors following this style of investing are usually not interested in betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time.Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves ahead ...

Have you been paying attention to shares of Kaiser Aluminum (KALU) ? Shares have been on the move with the stock up 7.3% over the past month. The stock hit a new 52-week high of $96.41 in the previous session. Kaiser Aluminum has gained 33.7% since the start of the year compared to the 8% move for the Zacks Industrial Products sector and the 16.8% return for the Zacks Metal Products - Procurement and Fabrication industry.What's Driving the Outperformance?The stock has a great record of positive earnings sur ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 (Registrant's telephone number, including area code) (Former name, former address and former fiscal year, if changed since last report) Securities registered pursuant to Section 12(b) of the Act: ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the ...

Financial Data and Key Metrics Changes - The first quarter adjusted EBITDA was $62 million, surpassing internal expectations, reflecting a 34% increase from the prior year [10][18] - Reported net income for Q1 2024 was $25 million, or $1.51 per diluted share, compared to $16 million, or $0.99 per diluted share in the prior year [17] - Adjusted operating income was $34 million, up 70% year-over-year, despite a $2.5 million increase in depreciation [15] Business Line Data and Key Metrics Changes - Aerospace and high-strength conversion revenue totaled $137 million, a 12% improvement on an 8% increase in shipments year-over-year [12] - Packaging conversion revenue was $118 million, down 11% year-over-year due to a 7% reduction in shipments of higher-priced coated food products [13] - General engineering products conversion revenue was $80 million, slightly up year-over-year, with a 2% increase in shipments [14] - Automotive conversion revenue remained flat at $31 million, driven by a 4% reduction in shipments, offset by improved pricing [14] Market Data and Key Metrics Changes - The general engineering market is expected to see a 5% to 6% increase in shipments year-over-year, with conversion revenue anticipated to be flat to up 1% compared to 2023 [22] - Aerospace and high-strength shipments and conversion revenue are expected to be flat year-over-year for 2024 [21] - Packaging shipments and conversion revenue are expected to improve by 5% to 7% year-over-year in 2024 [28] - Automotive shipments and conversion revenue are projected to increase by 3% to 5% compared to 2023 [29] Company Strategy and Development Direction - The company is focused on executing a revised metal sourcing strategy and improving operating efficiencies to drive profitable growth [24] - The full commissioning of the roll coat number four investment at the Warrick packaging facility is expected in 2025 [12] - The company aims for a 2% to 3% improvement in conversion revenue over 2023 for the full year 2024 [23] Management's Comments on Operating Environment and Future Outlook - Management noted that business conditions are normalizing, with improved operating efficiencies across all platforms [10] - There is cautious optimism regarding aerospace demand, with expectations for Boeing's production rates to stabilize in the second half of the year [27][54] - The company is monitoring trade tariff impacts but believes its diverse supply arrangements will mitigate significant effects [40] Other Important Information - Total cash as of March 31, 2024, was approximately $102 million, with total liquidity of approximately $619 million [19] - The Board of Directors declared a quarterly dividend of $0.77 per common share, reflecting confidence in the long-term strategy [20] - Capital expenditures for Q1 totaled $30 million, with expectations for the second quarter to be the highest spend of the year [26][70] Q&A Session Summary Question: Details on improved metal sourcing and margin impact - Management confirmed progress in metal sourcing strategies, expecting a 300 to 400 basis points margin impact by 2025 [36] Question: Outlook on aerospace supply chain and Boeing's production - Management expressed caution regarding aerospace supply chain dynamics but remains confident in Boeing's commitment to stabilize production [44][54] Question: Insights on general engineering market visibility - Management highlighted the end of destocking in key product lines, indicating improved supply-demand alignment [66][68] Question: Capital expenditure trajectory for the year - Management indicated that the second quarter will see the highest capital expenditures, with normalization expected in the latter half of the year [70]

▪ General Engineering rebounded from 2H:23 depressed levels; offset modestly by lower valued mix ▪ Committed to initial Phase VII investment at Trentwood RESULTS ABOVE EXPECTATIONS; EXECUTING INITIATIVES 7 Q1 2024 FINANCIAL RECAP NEAL E. WEST EXECUTIVE VICE PRESIDENT & CHIEF FINANCIAL OFFICER END MARKET SUMMARY 299 291 5 1 11 1 2 1Q23 Aero/High Strength Packaging General Engineering Automotive Other 1Q24 +8% (7%) +2% (4%) (61%) | --- | --- | --- | --- | --- | --- | --- | |-------|--------------------|------ ...

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors rely on traditional forms of analysis on key ...

Exhibit 99.1 Kaiser Aluminum Corporation Reports First Quarter 2024 Financial Results First Quarter 2024 Highlights: FRANKLIN, Tenn., April 24, 2024 - Kaiser Aluminum Corporation (NASDAQ:KALU), a leading producer of semi- fabricated specialty aluminum products serving customers worldwide with highly-engineered solutions for aerospace and high-strength, packaging, general engineering, automotive extrusions, and other industrial applications, today announced first quarter 2024 results. Management Commentary " ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even though momentum is a popular stock char ...