First Quarter 2025 Earnings Call April 30, 2025 Forward-Looking Statements Certain statements contained in this presentation may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. This presentation may contain "forward-looking statements" with respect to our business, results of operations and financial condition, and our expectations or beliefs concerning future events and conditions. You can identify forward-looking statements because they con ...

Core Viewpoint - Constellium SE reported solid financial results for Q1 2025 despite ongoing demand weakness in most end markets, with a focus on cost reduction and operational performance [2][3][4] Financial Performance - Q1 2025 shipments totaled 372 thousand metric tons, a decrease of 2% compared to Q1 2024 [4][43] - Revenue for Q1 2025 was $1.979 billion, representing a 5% increase from $1.880 billion in Q1 2024 [3][6] - Net income increased to $38 million in Q1 2025 from $22 million in Q1 2024 [3][14] - Adjusted EBITDA rose to $186 million in Q1 2025, up from $146 million in Q1 2024 [3][6] Segment Performance - Aerospace & Transportation (A&T) segment reported Adjusted EBITDA of $75 million, down 14% from $87 million in Q1 2024, with shipments decreasing by 11% [7] - Packaging & Automotive Rolled Products (P&ARP) segment saw Adjusted EBITDA increase by 25% to $60 million, with shipments up 2% [8] - Automotive Structures & Industry (AS&I) segment's Adjusted EBITDA fell 50% to $16 million, with shipments down 12% [9] Cash Flow and Capital Management - Cash from operations was $58 million, while Free Cash Flow was negative at $(3) million [15][16] - The company repurchased 1.4 million shares for $15 million during the quarter [5][17] - Leverage ratio stood at 3.3x as of March 31, 2025 [5] Outlook - The company maintains its guidance for 2025, expecting Adjusted EBITDA between $600 million and $630 million, and Free Cash Flow exceeding $120 million [2][20] - Long-term targets include Adjusted EBITDA of $900 million and Free Cash Flow of $300 million by 2028 [20]

Hydro’s adjusted EBITDA for the first quarter of 2025 was NOK 9,516 million, up from NOK 5,411 million in the same quarter last year. The results increased from higher alumina and all-in aluminium prices, and positive currency effects. This was partly offset by higher raw material costs, lower Extrusions volumes and margins, lower alumina sales volumes, and higher fixed cost resulting in an adjusted RoaCE of 10.7 percent over the last twelve months and a free cash flow of NOK 1.3 billion. Strong upstream re ...

Core Viewpoint - The article emphasizes the importance of value investing and highlights Kaiser Aluminum (KALU) as a strong value stock based on its financial metrics and Zacks Rank [1][2][7]. Group 1: Value Investing - Value investing is a preferred strategy for identifying strong stocks, relying on traditional analysis of key valuation metrics to find undervalued stocks [2]. - Zacks has developed a Style Scores system to identify stocks with specific traits, particularly in the "Value" category, where stocks with "A" grades and high Zacks Ranks are considered strong [3]. Group 2: Kaiser Aluminum (KALU) Metrics - Kaiser Aluminum (KALU) has a Zacks Rank of 1 (Strong Buy) and a Value grade of A, indicating strong potential [4]. - KALU's P/E ratio is 15.87, significantly lower than the industry average of 20.36, suggesting it may be undervalued [4]. - The stock's Forward P/E has ranged from 11.50 to 26.64 over the past year, with a median of 14.31 [4]. - KALU's P/S ratio is 0.32, compared to the industry's average of 0.73, further indicating undervaluation [5]. - The P/CF ratio for KALU is 6.18, while the industry average is 19.95, reinforcing the notion of KALU being undervalued [6]. - Over the past 52 weeks, KALU's P/CF has fluctuated between 4.97 and 10.36, with a median of 7.32 [6]. - These financial metrics collectively suggest that KALU is likely undervalued and has a strong earnings outlook, making it an impressive value stock [7].

Group 1: Nomad Foods Limited - Nomad Foods Limited manufactures and distributes frozen foods primarily in the United Kingdom, Italy, Germany, Sweden, France, and Norway [1] - The company has a Zacks Rank 1 (Strong Buy) and has seen a 6.2% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - Nomad Foods has a price-to-earnings ratio (P/E) of 9.36 compared to 21.15 for the S&P, and possesses a Value Score of A [2] Group 2: Yara International ASA - Yara International ASA is the world's leading supplier of mineral fertilizers, particularly strong in nitrogen-based fertilizers [2] - The company carries a Zacks Rank 1 and has experienced a 12% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2] - Yara International has a price-to-earnings ratio (P/E) of 10.90 compared to 21.15 for the S&P, and also possesses a Value Score of A [3] Group 3: Kaiser Aluminum - Kaiser Aluminum is a leading producer of semi-fabricated specialty aluminum products, serving customers in aerospace, high-strength general engineering, and custom automotive and industrial applications [4] - The company holds a Zacks Rank 1 and has seen a 13% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [4] - Kaiser Aluminum has a price-to-earnings ratio (P/E) of 17.43 compared to 21.15 for the S&P, and possesses a Value Score of A [5]

Here are three stocks with buy rank and strong income characteristics for investors to consider today, April 28th:Kaiser Aluminum (KALU) : This company which is a leading producer of semi-fabricated specialty aluminum products, serving customers worldwide with highly-engineered solutions for aerospace and high-strength, general engineering, and custom automotive and industrial applications, has witnessed the Zacks Consensus Estimate for its current year earnings increasing 13% over the last 60 days. ...

【国内电解铝行业动态一览】截至 3 月底，MYSTEEL 调研显示，国内电解铝建成产能约 4551 万吨， 运行产能约 4379 万吨，行业开工率环比提升 0.2%，较去年同期提升 2.9%。上周电解铝产量延续小幅 提升。 截至 4 月 24 日，国内铝锭社会库存 66.4 万吨，周环比减少 2.4 万吨；铝棒库存 18.9 万吨，周环 比减少 3.3 万吨。华东现货升水 0 元/吨，环比下调 50 元/吨。LME 铝库存 42.2 万吨，环比减 1.2 万 吨，Cash/3M 贴水 41.2 美元/吨。 上周沪铝进口亏损有所扩大。2025 年 3 月，中国原铝进口量为 22.2 万吨，同比减少 11.0%，1-3 月累计进口量为 58.4 万吨，同比减少 19.1%。 产业在线数据表明，我国三 大白色家电 4 月份总排产量达 3681 万台，同比增长 16.6%。其中，家用空调 4 月计划排产 2219 万台， 同比增长 22.7%；冰箱排产计划 820 万台，同比增长 14.2%；洗衣机排产计划 642 万台，同比微增 2.0%。 国内政治局会议表态未超预期，叠加美国"对等关税"政策预计反复，短期情绪面或 ...

2Q25 Outlook: Finding Certainty In Uncertainty We expect tariff impact to weigh on the materials space in 2Q25. We prefer gold, cement, building materials and steel for 2Q25, and in 2H25 metals-related stocks may outperform when further stimulus comes through. April 22, 2025 09:00 PM GMT China Materials | Asia Pacific Demand showed signs of recovery in 1Q, outlook for 2Q is uncertain due to tariff concerns: Multiple signs show demand seems to have bottomed in China in 2024. 3M 2025 domestic excavator sales ...

Financial Data and Key Metrics Changes - The company reported non-GAAP earnings per diluted share of $3.77, exceeding expectations and reflecting a gross profit margin increase of 140 basis points quarter over quarter [5][21][23] - Cash flow from operations was $64.5 million, despite a significant working capital investment [26][27] - The company revised its LIFO estimate for 2025 to reflect a $100 million expense, up from a prior estimate of $60 million income due to rising carbon steel and aluminum costs [24] Business Line Data and Key Metrics Changes - Tons sold in Q1 2025 reached a record, increasing 12.8% compared to Q4 2024, and 9% year-over-year, significantly outperforming the service center industry's decline of 0.5% [11][12] - The nonresidential construction market, which includes carbon steel tubing, plate, and structural products, represented about one-third of sales and showed strong growth [13] - The general manufacturing business also represented roughly one-third of total sales, with strong demand in industrial machinery and military sectors [15] Market Data and Key Metrics Changes - Demand in the nonresidential construction market remained solid, supported by data center construction and publicly funded infrastructure projects [14] - The aerospace sector saw stable demand, with commercial aerospace increasing sequentially and defense-related aerospace remaining strong [17] - The semiconductor industry faced pressure due to excess inventories, impacting shipments [19] Company Strategy and Development Direction - The company maintains a focus on growth and profitability, with a capital expenditure budget of $325 million for 2025, aiming for strategic acquisitions [6][31] - The management emphasized the importance of sourcing metal primarily from domestic producers, with over 95% of purchases made domestically [38] - The company is exploring opportunities for value-added processing and fabrication to better serve customer needs [64] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate macroeconomic uncertainties, highlighting strong customer relationships and operational execution [46][90] - The outlook for Q2 2025 anticipates stable demand across diversified end markets, with tons sold expected to be down 1% to up 1% compared to Q1 2025 [31][32] - Non-GAAP earnings per diluted share for Q2 2025 are projected to be in the range of $4.50 to $4.70, inclusive of LIFO expense [33] Other Important Information - The company funded stockholder return activities totaling $318 million, including a 9.1% increase in quarterly dividends [7][28] - Share repurchases have resulted in a cumulative 2.3% reduction in total shares outstanding since December 31, 2024 [29] Q&A Session Summary Question: Discussion on exposure within COGS and CapEx related to imports impacted by tariffs - Management confirmed that over 95% of metal purchases are from domestic producers, resulting in limited exposure to imports [38] Question: Impact of tariffs on long-term CapEx decisions - Management indicated that while tariffs can influence decisions, the majority of sourcing remains domestic, and no major shifts in CapEx strategy are anticipated [41] Question: Customer conversations regarding reshoring activity - Management noted increased discussions with customers about reshoring, with some experiencing higher volumes due to domestic manufacturing growth [44] Question: Changes in LIFO assumptions for aerospace - Management stated that baseline assumptions regarding LIFO income for aerospace remain relatively unchanged [52] Question: Current inventory levels and restocking needs - Management reported that inventory levels are slightly above target, with strong relationships with domestic mills ensuring access to inventory [82] Question: General market conditions and performance amidst economic challenges - Management acknowledged macroeconomic challenges but emphasized the company's ability to grow and service customers effectively [90]

Kaiser Aluminum (KALU) Q1 2025 Earnings Call April 24, 2025 10:00 AM ET Company Participants Kimberly Orlando - Senior Managing DirectorKeith Harvey - CEO, President & DirectorNeal West - Executive VP & CFOBill Peterson - Equity Research Operator Greetings, and welcome to the Kaiser Aluminum Corporation First Quarter twenty twenty five Earnings Call. At this time, participants are in a listen only mode. A question and answer session will follow the formal presentation. As a reminder, this conference is bein ...