Kaiser Aluminum Corporation

Welcome to the Kaiser Aluminum Corporation third quarter 2026 earnings conference call. At this time, all participants are in a listen-only mode. A 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. Please note, this conference is being recorded. I will now turn the conference over to Kim Orlando with Investor Relations. Thank you, Kim. You may begin.

Thank you. Hello everyone and welcome to Kaiser Aluminum's third quarter 2026 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 Chairman, President, and Chief Executive Officer Keith Harvey, Executive Vice President and Chief Financial Officer, Neal West, and Incoming President and Chief Executive Officer, Fred Steppen. Before we begin, I'd like to refer you to our 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, 2025. 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 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?

Good morning, everyone, and thank you for joining us. I'll begin on slide seven. Third quarter results were largely in line with our expectations and reflected continued strength across the majority of our portfolio. More importantly, customer activity remained robust throughout the quarter, and in many cases, strengthened further from the levels we discussed in July. Demand across aerospace and high-strength packaging and general engineering continues to exceed the expectations we established at the beginning of the year. Lead times remain extended, bookings continue to move further into 2027, and the investments we have made across the portfolio continue to position Kaiser as a preferred supplier across most of our end markets. As we continue to work through our planning process for 2027 and beyond, We are more optimistic about the opportunities across our markets today than at any point in recent years. Over the last several quarters, we've spoken about the transition from recovery to growth. As we look at the business today, we believe many of our markets have moved beyond that discussion. Demand remains robust, customer investment activity is high, and increasingly, are centered on how we partner together to support their future growth plans, secure long-term supply, and meet expanding capacity requirements. In many cases, the discussion is no longer whether demand will materialize, but rather how that demand will be supported in the years ahead. These conversations continue to strengthen our confidence in the long-term outlook for Kaiser. As customers evaluate growth opportunities and look for partners capable of supporting them, Kaiser is uniquely positioned given the breadth and quality of our product offering, our technical capabilities, our commitment to customer service, and our reputation as a trusted supplier across the markets we serve. Deal will now provide additional details on our third quarter performance, after which I will return and provide a brief update on our markets and what we're seeing as we look ahead. Neal.