Foothill Ranch-based aluminum products maker Kaiser Aluminum Corp. on Monday reported fourth-quarter earnings and revenue that beat Wall Street expectations.
Kaiser reported an adjusted profit of $10 million, up 11% from a year earlier.
Analysts on average had expected an adjusted profit of $7.2 million.
Kaiser’s fourth-quarter revenue was up 12% from a year earlier to $266 million.
Analysts had been forecasting $263 million in sales for the quarter.
Kaiser lost money in the quarter on a net basis after factoring in a tax issue. The company reported a net loss of $300,000.
The company did not provide first-quarter guidance with its results for the recently ended quarter.
Analysts on average expect an adjusted profit of $10.7 million and revenue of $307.5 million.
Kaiser shapes aluminum into custom pieces for the defense, aviation and auto industries.
Customers include Boeing Co., Airbus SAS, Lockheed Martin Corp., Honda Motor Co. and truck maker Paccar Inc.
Shipbuilding industrialist Henry J. Kaiser, who’s known for building Hoover Dam and founding healthcare provider Kaiser Permanente, started Kaiser Aluminum in 1946.
In 2005, Kaiser Aluminum moved its headquarters from Houston to Orange County.
