Kaiser Aluminum Corp posted a fourth-quarter loss after paying a higher tax rate but saw value-added revenue from aerospace and high strength applications outpacing year-ago results over the next six months.
Kaiser Aluminum's quarterly net loss totaled 2 cents a share, compared with a year-ago profit of $1.20 a share. Fourth quarter revenues rose to $265.8 million from $237.0 million.
In October, Chief Executive Officer Jack Hockema said demand for Kaiser's general engineering, automotive and industrial applications still reflected a slow recovery.
He said at the time that Kaiser anticipated fourth-quarter shipments would be slightly lower than the third.
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