on Thanks, beginning outlook review 'XX XX. I'll now Slide Neal. our
XXXX a X% rate, commercial Although continues we destocking to half XXXX improvement run year half slowly and year-over-year, be to down record demand XXXX first and anticipate full recover X% strong in value-added the expect as continued following continues the in quarter we revenue chain. second from supply first aerospace to
Fighter in XX% year in by encouraged XXXX. expected to build are long-term positive increase the Joint XXX the and last supporting signs rates XX% late for market, including of recovery this We Strike in an MAX the recertification
continue aerospace continues we full frame. customers improve plan and with year. for to XXXX-XXXX to anticipate commercial the opportunities work a expect dialogue needs in longer-term our recovery shipments time throughout as We to Ongoing the manage as we short-term
the compound to We of rate believe annual return to aerospace long-term will a continue meeting growth X% to our committed remain X% that to needs customers. and long-term demand
recovery hold, investments on and we Trentwood market our more to announced we prepared placed we'll planned for Although gain to have visibility demand. continue evaluate expected be expansion aerospace commercial previously as forward clarity we the move large capacity and with will around conditions, our
anticipate extrusion are million from beyond applications build to XXXX expected We to and that. rates in North XX. vehicles Slide million XX over exceptionally strong XXXX. our automotive to shipments XXXX Moving for vehicles increase revenue for years and American value-added in in several XX
to lower and With XXXX. While we XX% throughout more launches the demand in value-added the year. XXXX, to the experienced in we successfully in initiated chain, with we supply multiple COVID revenue, program of increase combined of XXXX XX% shipments second low planned inventories year-over-year to launches expect in due program both disruptions vehicles, half
As single we over to for look extrusions rate XX% the growth years, forward, with to growth high a we compound annual X the mid- for our at next returning anticipate XX% growth long-term aluminum to Kaiser growth digits. content
Slide to Moving XX.
and our anticipate strong including We value-added a semiconductor, year-over-year, by chains revenue will to strong for applications demand products, OEM XX% our reshoring and needs of Our demand bar, minimize of to outlook trend demand by are further engineering working service number general applications shipments disruptions. markets, to customers, of strong driven a center restock a from automotive continues supply customers continued for reflect towards our and XX% end risk who their engineering increase and manifold inventories. the hard meet driven their for and general to
and XX Slide XXXX of to Moving a our summary outlook.
focused full $XX from to total rate value-added run margin capital capital improvement $XX be sustaining XXXX. adjusted primarily XXXX, the spending the million, to We half will year anticipate comparable million to anticipate second investment. on with revenue continued X% XX% XXXX an up and for year-over-year EBITDA For we
the have We will of we capital updates acquisition following to Warrick growth spending as provide organic for completion further pending during opportunities additional our of diligence XXXX identified process. the
the food and the discussion Warrick, the XXXX anticipate XX March announced pending and for family. a industry. We acquisition Slide look closing can American XX the to and our Warrick beverage North outlook packaging on of forward employees brief transaction we on in to around Moving welcoming Kaiser and as to late
in Our of creation planned provides and an is growth to for value noncyclic industry. be with the accretive to packaging the cash rolling immediately Warrick earnings further flow. mill acquisition secular transaction opportunity The expected strong
revenue As value-added at EBITDA $XX of time the approximately the Warrick of adjusted $XXX the ending we announcement, of noted million generated XX approximately months September last and for XXXX. million XX,
to and is by The we expected choice strong XXXX earnings stillwater on beverage forecast, infinite due for some Demand sheet its our a full April. consolidated outlook packaging chain these in demand. during can quarter is The industry our projected growing dynamics the imbalances. to growth domestic drinks driven mill additional X for for XXXX makers. of XXXX. in North future. to is a food only and And up X aluminum to X% X% solution food provide as the become products continues to will and current a American and first growing growing update meeting year supplemented specialty consumers America, for was for mills and can the products in American preference domestic favorable these XXXX in with the its supply in and dedicated market We further participant call rolling driving demand outlook supply markets material expect and in significant an Warrick be are the and of supply demand North by can beverage foreseeable deficits at increase to X% and import due demand use recognition of through material continue and to recyclability in year-over-year North versus
in We with closing acquisition to provides acquisition be a March long-term markets turbulent to to automotive definitive on noncyclic for is a excellent earnings finished agreement and sheet complementary end Warrick XX XXXX our our into XX diversifies expected balance packaging and $X and and a Slide liquidity. immediately into with which solid It's cyclic industry. our performance, accretive a entered transformational complete Turning general opportunities to and is strong billion to highly industrial a cash. We of growth. remarks. portfolio anticipated The to close summary aerospace,
each chip our served blue in for growth. have and markets are of positions poised We with further customers strong
path While long-term solid slightly full and has XXXX. our longer commercial positions in secure with we place XXXX recovery demand recovery, to to aerospace a in have expected agreements
positioned continue programs, partially Our are in expected long-term lower strong demand agreements partners. service are long-term and growth center expected Both contracts aerospace are markets solid defense automotive and supply XXXX, with new with and expected automotive to robust we offset to commercial relationships be to XXXX. with our well general and in capacity, engineering
has poised operating business in volatile our -- cycle conditions operations market us which and in strategy, in guides improve our and Kaiser well me, Our conditions market volumes margins excuse as positioned to improve. us
expected announced increase remains remain sheet in announced and increases, We XXXX, so Warrick dividend year of balance for XXXX. XX% solid Our recently after in an closing transaction. tenth consecutive the increase our to a following is the with X.X%
return commitment of capital allocation priorities. our the pillars Our capital shareholders one to remains of our to excess
But our the the we into X,XXX packaging to call Kaiser may as the any work tough safely mill have. future to add and welcome there's questions disrupted look a open rolling With employees growing for the and forward, environment anniversary we our proud strategy, executing to to how have our XXXX celebrate year, continuing of Henry while company. think success this we positioned company will on our I exciting continued founder, Warrick in focused portfolio now business J. for Kaiser, XXth Aluminum. a that, years be would thriving for very a is by you As We Kaiser remain pandemic. come. a year excitement very the and our We I'll be bright,