Kaiser Aluminum Corporation (NASDAQ:KALU) Q3 2023 Earnings Call Transcript October 26, 2023 10:00 AM ET

Company Participants

Kim Orlando - IR, ADDO IR

Keith Harvey - President and CEO

Neal West - EVP and CFO

Conference Call Participants

Timna Tanners - Wolfe Research

Bill Peterson - JPMorgan

Operator

Greetings, and welcome to the Kaiser Aluminum Corporation’s Third Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Kim Orlando, with ADDO Investor Relation. Please go ahead.

Kim Orlando

Thank you. Good morning, everyone, and welcome to Kaiser Aluminum's Third Quarter 2023 Earnings Conference Call. If you have not seen a copy of our earnings release, please visit the Investor Relations page on our website at kaiseraluminum.com. We have also posted a PDF version of the slide presentation for this call. Joining me on the call today are President and Chief Executive Officer, Keith Harvey, and Executive Vice President and Chief Financial Officer, Neal West.

Before we begin, I'd like to refer you to the first four slides of our presentation, and remind you that the statements made by management and the information contained in this presentation that cause forward-looking statements are based on management's current expectations. For a summary of specific risk factors that could cause results to differ materially from the forward-looking statements, please refer to the company's earnings release and reports filed with the Securities and Emission, including the company's annual report on Form 10-K for the full year ended December 31, 2022.

The company undertakes no duty to update any forward-looking statements to conform the statement to actual results or changes in the company's expectations. In addition, we have included non-GAAP financial information in our discussion. Reconciliations to the most comparable GAAP financial measures are included in the earnings release and in the appendix of the presentation. Reconciliations of certain forward-looking non-GAAP financial measures to comparable GAAP financial measures are not provided because certain items required for such reconciliations are outside of our control, and/or cannot be reasonably predicted or provided without unreasonable efforts.

Any reference to EBITDA in our discussion today means adjusted EBITDA, which excludes non-run rate items for which we have provided reconciliations in the appendix. Further, Slide 5 is a new slide, which contains definitions of terms and measures that will be commonly used throughout today's presentation. At the conclusion of the company's presentation, we will open the call for questions.