Kaiser Aluminum(US:KALU)2021-04-30 16:40Financial Performance - Q1 2021 - Value Added Revenue (VAR) reached $172 million, a 12% increase compared to the 2H20 run-rate, driven by a 20% increase in shipments[7, 8] - Adjusted EBITDA margin was 21.8%, reflecting strong operating leverage on higher volume[7, 8] - Net Sales were $324 million in 1Q21[20, 29] - Adjusted Net Income was $10 million, resulting in an adjusted EPS of $0.64[20] Segment Performance - General Engineering VAR increased by 23% due to strong service center customer demand, supported by restocking of the supply chain, growth in semiconductor and automotive[8] - Automotive VAR increased by 10% due to new program launches and a favorable product mix[8] - Aerospace/High Strength VAR improved slightly, up 3% from the 2H20 run-rate, with a 23% increase in shipments[9, 10] Acquisition and Outlook - Successfully completed the acquisition of Alcoa Warrick LLC for $670 million on March 31, 2021[6, 21] - The company anticipates the acquisition to add approximately $375 million to $400 million to total consolidated value added revenue[26] - The company anticipates organic business up 5%-10% year-over-year[26]