Kaiser Aluminum profits shrink in 3d qtr.

Oct 17, 2013 | 07:34 PM | Michael Cowden

Tags  Kaiser Aluminum, Jack Hockema, aerospace, inventory overhang, capacity expansion, heat treat, plate, automotive extrusion

CHICAGO — Kaiser Aluminum Corp.’s profits narrowed in the third quarter as a continued aerospace inventory overhang, construction projects and maintenance expenses dented results.

The Foothill Ranch, Calif.-based company reported net income of $25.4 million for the three months ended Sept. 30, down 13 percent from $29.2 million in third quarter of 2012, as sales fell 4.7 percent to $319.9 million, the company reported after market close Oct. 17.....





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