Kaiser Aluminum is trading 19.38% lower at $126.21 after its October 21 earnings release showed adjusted Q3 EPS of $1.89, below roughly $2.37 consensus.
- The company maintained its 2026 outlook, but now expects adjusted EBITDA growth toward the lower end of its 45%–55% range.
- A shift from a $28 million favorable metal-price lag last year to a $1 million headwind, alongside operational issues, weighed on quarterly margins.
- Broader markets were also sharply lower on October 22.