Union Members at Kaiser Aluminum’s Warrick Mill Ratify Four-Year Labor Agreement with United Steelworkers
May 18, 2023
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Kaiser Aluminum ($NASDAQ:KALU) is a publicly traded American aluminum producer and distributor with an extensive presence in the global aluminum industry. Recently, the company’s Warrick Mill Union, a United Steelworkers union, and Kaiser Aluminum have agreed to a four-year labor agreement which was approved by the Union Members. The agreement promises to strengthen morale among Union Members and maintain a high level of safety for employees at the Warrick Mill. The new agreement includes wages increases, health care benefits, and improved overtime policies. The Union Members are also ensured job security for the duration of the agreement and will be protected against any potential job losses.
Furthermore, both parties have agreed to a grievance process that will provide a means of communication between the Union Members and the company. The collaboration between Kaiser Aluminum and the United Steelworkers Union at the Warrick Mill is an example of both parties coming together to reach a beneficial agreement. This four-year labor agreement promises to bring stability and prosperity to the Union Members while also protecting the rights of employees.
Price History
After the announcement, KAISER ALUMINUM stock opened at $60.3 and closed at $62.1, up by 4.3% from its last closing price of 59.5. The agreement includes wage increases, a cost of living adjustment, and improvements to job security and benefits. It also includes a commitments to good faith bargaining, as well as a two-year extension of the union’s contract with Kaiser Aluminum.
The new agreement follows months of negotiations between the company and union representatives. The ratification of the agreement marks a significant development in the future of Kaiser Aluminum’s Warrick Mill. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Kaiser Aluminum. More…
| Total Revenues | Net Income | Net Margin |
| 3.29k | -21.8 | -0.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Kaiser Aluminum. More…
| Operations | Investing | Financing |
| -63.1 | -125.8 | -56.8 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Kaiser Aluminum. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.33k | 1.69k | 39.79 |
Key Ratios Snapshot
Some of the financial key ratios for Kaiser Aluminum are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 30.2% | -47.7% | 0.5% |
| FCF Margin | ROE | ROA |
| -6.3% | 1.7% | 0.5% |
Analysis
At GoodWhale, we conducted an analysis of Kaiser Aluminum‘s fundamentals to give a Risk Rating. Based on our research, we concluded that investing in Kaiser Aluminum has medium risk, and this is due to a few key points detected from the income sheet and balance sheet. These risk warnings show that there are certain areas where the company needs to improve. If you’re considering investing in Kaiser Aluminum, we highly recommend that you register with us so you can check out the details of these warnings and make a more informed decision. Our analysis will help you to better understand the risks associated with investing in Kaiser Aluminum and help you make a decision that is right for you. More…
Peers
In the aluminum industry, Kaiser Aluminum Corp competes against Nippon Light Metal Holdings Co Ltd, Alumetal SA, and AMAG Austria Metall AG. Each company produces a variety of aluminum products that are used in a number of industries. While Kaiser Aluminum Corp is the largest aluminum producer in the United States, its competitors are also large producers with a global presence.
– Nippon Light Metal Holdings Co Ltd ($TSE:5703)
Nippon Light Metal Holdings Co. is a holding company that operates through its subsidiaries. The company is engaged in the smelting and refinement of metals, as well as the production and sale of metals and chemical products. Nippon Light Metal also manufactures and sells aluminum products, such as aluminum cans, aluminum foil, and aluminum sheets. The company was founded in 1950 and is headquartered in Tokyo, Japan.
– Alumetal SA ($LTS:0QWL)
Alumetal SA is a publicly traded company with a market capitalization of 1.04 billion as of 2022. The company’s primary business is the production and distribution of aluminum products. Alumetal SA has a return on equity of 18.83%.
– AMAG Austria Metall AG ($LTS:0Q7L)
AMAG Austria Metall AG is a leading metals and mining company with operations in Europe, North America, and Australia. The company has a market capitalization of 1.09 billion as of 2022 and a return on equity of 15.65%. AMAG produces a range of metals and minerals, including aluminum, copper, iron ore, and uranium. The company has a long history of operations and is a well-established player in the global metals and mining industry.
Summary
Investing in Kaiser Aluminum is a sound decision for any investor looking for a long-term return. The recent approval of a four-year labor agreement between the company and the United Steelworkers union has been a major catalyst behind the positive movement of the stock price. This agreement gives Kaiser Aluminum the stability it needs to move forward with its business and production plans. The safety of the workers is also paramount to the company’s success, making this agreement a win-win for all parties involved.
In addition, investors can count on consistent dividends, which will provide a steady income stream and further increase their return.
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