Kaiser Aluminum Corporation

Greetings and welcome to the Kaiser Aluminum Corporation third quarter 2024 earnings conference call. At this time, all participants are in a listen-only mode. A brief question and answer session will follow the formal presentation. Should anyone 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 with Addo Investor Relations. Thank you. You may begin.

Thank you. Good morning, everyone, and welcome to Kaiser Aluminum's third quarter 2024 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. 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 reconciliations 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 a trusted EBITDA, which excludes non-run rate items for which we have provided reconciliations in the appendix. Further, slide 5 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 third quarter 2024 results. Turning to slide seven, our business performed largely in line with our expectations in the third quarter as we continued to execute against our strategy to drive long-term sustainable growth and margin expansion for the company. We generated approximately $50 million of EBITDA in the quarter, which includes an approximate $4 million GAAP LIFO expense, which Neil will discuss in a few moments. As we move into our fourth quarter, we are on track to meet our conversion revenue outlook for the year, as well as our outlook for year-over-year margin expansion. The long-term outlook for the markets we serve remains robust. The products we provide are industry-leading, and we are continuing our disciplined approach in investing capital to meet the needs of our customers and to deliver profitable growth and margin expansion to our shareholders. We believe we have laid the foundation for continued strong progress towards these goals next year and for many years to come. I'll now turn the floor over to Neil to discuss the quarter in more detail, and then I'll be back to discuss our outlook.