Foothill Ranch-based Kaiser Aluminum Corp. said it swung to a loss of $237 million last year, from a profit of $72 million for the prior period, on a 2.65% increase in net sales to $1.39 billion.
The company reported 4Q net income of $13 million on net sales of $317 million for 4Q 2015. This was down 41% from the previous quarter; net sales declined 5.7%.
Kaiser shares traded recently at $75.40 and a $1.3 billion market cap, a rebound from about $70 from morning trading but still down about 3% on the day to a $1.3 billion market cap.
