Kaiser Aluminum Corporation

At this time, all participants are in a listen-only mode. A brief question and answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Kim Orlando, Investor Relations. Thank you, ma'am. You may begin.

Thank you. Good morning, everyone, and welcome to Kaiser Aluminum's fourth quarter and full year 2023 earnings conference call. If you have not seen a copy of our earnings release, please visit the investor relations page on our website at kaiseraluminum.com. We have also posted a PDF version of the slide presentation for this call. Joining me on the call today are President and Chief Executive Officer Keith Harvey, and Executive Vice President and Chief Financial Officer, Neil West. Before we begin, I'd like to refer you to the first four slides of our presentation and remind you that the statements made by management and the information contained in this presentation that constitute forward-looking statements are based on management's current expectations. For a summary of specific risk factors that could cause results to differ materially from the forward-looking statements, Please refer to the company's earnings release and reports filed with the Securities and Exchange Commission, including the company's annual report on Form 10-K for the full year ended December 31, 2023, which will be filed on February 23, 2024. The company undertakes no duty to update any forward-looking statements to conform the statement to actual results or changes in the company's expectations. In addition, we have included non-GAAP financial information in our discussion. Reconciliations to the most comparable GAAP financial measures are included in the earnings release and in the appendix of the presentation. Reconciliations of certain forward-looking non-GAAP financial measures to comparable GAAP financial measures are not provided because certain items required for such reconciliation are outside of our control and or cannot be reasonably predicted or provided without unreasonable effort. Any reference to EBITDA in our discussion today means adjusted EBITDA, which excludes non-run rate items for which we have provided reconciliations in the appendix. Further, slide five contains definitions of terms and measures that will be commonly used throughout today's presentation. At the conclusion of the company's presentation, we will open the call for questions. I would now like to turn the call over to Keith Harvey. Keith?

Thanks, Kim. And thank you all for joining us for a review of our fourth quarter and full year 2023 results. Turning to slide seven, I'm very pleased with the hard work and dedication of the entire Kaiser team this past year, which enabled us to set the foundation for long-term sustainable and increasingly profitable growth in the years to come. Our focus strategy, unwavering execution, and commitment to our customers allowed us to end the year in a solid position with ample resources to implement our growth initiatives. We delivered fourth quarter results above our expectations with $52 million of adjusted EBITDA. Despite continued destocking in some of our markets and inflationary pressures, Our efforts to lower costs and improve operating efficiencies are taking hold across the platform. An exceptionally strong aerospace mix experienced during the quarter also contributed to our strong results. Performance in the fourth quarter and full year 2023 establishes a solid foundation for the company as we transition toward completing our investments and executing our growth strategy for 2024 and the future. I'll now turn the call over to Neil for more details on our 2023 results. Neil.