Kaiser Aluminum Corp. reported a net loss of $0.4 million or $0.02 per share, compared to net income of $23.9 million or $1.19 per share for the year-ago quarter.
The latest quarter net loss reflects the impact of a valuation adjustment on state tax net operating losses which increased the effective tax rate in the quarter.
Net sales for the fourth quarter rose to $ 265.8 million from $237.0 million a year earlier.
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