Kaiser Aluminum optimistic despite lower profits

Jul 24, 2013 | 08:07 PM | Michael Cowden

Tags  Kaiser Aluminum, Jack Hockema, earnings report, aerospace, inventory overhang, automotive, heat-treat plate, aluminum michael cowden

CHICAGO — Kaiser Aluminum Corp. saw profits narrow in the second quarter but expects improved demand in the second half of the year as ramped-up automotive and aerospace activity compensates for traditional seasonal weakness.

The Foothill Ranch, Calif.-based aluminum company posted net income of $18.6 million for the three months ended June 30, down 11.4 percent from $21 million in the same period last year as sales dipped 4.7 percent to $328.9 million, according to data released after the close of markets July 24.....

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