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.
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