Kaiser’s net skyrockets fivefold in 2d quarter

Jul 26, 2012 | 11:22 AM | Suzy Waite

Tags  Kaiser Aluminum, Jack Hockema, Trentwood facility, Suzy Waite

NEW YORK — Kaiser Aluminum Corp.’s net income skyrocketed in the second quarter compared with the same year-ago period, largely due to solid demand in the aerospace and automotive industries.

The Foothill Ranch, Calif.-based company posted net income of $21 million for the three months ended June 30, more than five times the $4.1 million recorded in the second quarter of 2011, on sales that gained 1.9 percent to $345.2 million from $338.8 million.....

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