Exhibit 99.1

Kaiser Aluminum Corporation Reports
Fourth Quarter and Full Year 2013 Financial Results



Full Year 2013 Results:
Results Comparable to Record 2012
Net Sales $1.3 Billion; Value Added Revenue $734 Million
Operating Income $173 Million; Adjusted EBITDA $174 Million; EBITDA Margin 24%

Full Year 2013 Business Highlights:
Record Aerospace Plate Shipments Offset by Non-Plate Aerospace Inventory Overhang
Record Automotive Value Added Revenue; Increasing Content per Vehicle
~$70 Million Invested for Future Growth and Efficiency
~$100 Million Returned to Shareholders Through Quarterly Dividends and Share Repurchases


FOOTHILL RANCH, Calif., February 17, 2014
- Kaiser Aluminum Corporation (NASDAQ:KALU) today reported net income of $105 million, or $5.44 earnings per diluted share, for the year ended December 31, 2013 compared to $86 million, or $4.45 earnings per diluted share, for the prior year ended December 31, 2012. Excluding the impact of non-run-rate items, adjusted net income was $70 million, or $3.65 per diluted share, for the full year 2013 compared to the prior year adjusted net income of $74 million, or $3.82 per diluted share. The decrease in adjusted net income was primarily related to a full year of interest expense in 2013 on the Company’s Senior Notes, which were issued in May 2012.  

Value added revenue for the full year 2013 of $734 million compared to $736 million in 2012, reflecting record shipments of aerospace plate offset by lower demand for non-plate aerospace products due to excess supply chain inventory. In addition, value added revenue for automotive extrusions reflected a new record in 2013, increasing approximately 12% as new programs launched in the second half of 2013. Adjusted consolidated EBITDA of $174 million and adjusted EBITDA margin on value added revenue of 24% was comparable to the prior year.

Summary Results and Outlook
 
“Value added revenue, adjusted EBITDA and adjusted EBITDA margin for the full year 2013 were comparable to the step-change in growth and performance demonstrated in 2012. Headwinds from an inventory overhang in non-plate aerospace products essentially offset strong aerospace plate demand and the record growth in automotive extrusions,” said Jack A. Hockema, President, CEO and Chairman. “During the year we continued to make strategic investments to enhance operating efficiencies, expand capacity and position our manufacturing platform to capitalize on further demand growth in aerospace and automotive end market applications. In addition to approximately $70 million invested for future growth and efficiency, we also returned approximately $100 million in cash to shareholders through quarterly dividends and share repurchases.”
 
“As we move into 2014, we expect a mixture of headwinds and tailwinds. We are beginning to see indications that the inventory overhang in non-plate aerospace products is abating. However, as previously discussed, the industry is experiencing an overhang in aerospace plate inventory that is expected to continue throughout 2014. While we anticipate modest improvements in Kaiser’s 2014 plate shipments, we expect competitive price pressure on aerospace and general engineering plate products. We expect another record year in automotive extrusions as we launch new programs further increasing our shipments and value added revenue. In addition, we anticipate improving cost efficiencies as our Spokane (Trentwood), Washington Phase 5 aerospace plate expansion ramps up



The following information was filed by Kaiser Aluminum Corp (KALU) on Tuesday, February 18, 2014 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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