Kaiser Expecting Revenue Boost In 2011

Kaiser Aluminum Corp. (NASDAQ: KALU) reported 2Q EBITDA (NRR) of $30.5M over Dahlman Rose's estimate of $21M, which compares to 1Q results of $19.8M over Dahlman's $17.6M.

Higher shipments in aerospace & high strength applications, as well as improved margins due to manufacturing cost efficiencies helped drive strong 2Q performance, according to Dahlman.

Cost reduction efforts have been impressive, says Dahlman, and are expected to get a boost in 2011 after the Kalamazoo facility is completed.

Dahlman maintains its "hold" rating for Kaiser.

Kaiser Aluminum Corp. closed yesterday at $40.80.

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