Constellium SE Earnings Call Transcripts
Fiscal Year 2026
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Record Q3 Adjusted EBITDA and strong cash generation prompted higher FY 2026 guidance. Aerospace, TID and packaging outlooks remain favorable, while Q4 seasonality, outages and tariffs weigh on the comparison.
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Record Q2 results with Adjusted EBITDA up over 200% year-over-year and net income quadrupling. Raised 2026 guidance, now targeting $980M–$1.02B Adjusted EBITDA and over $300M Free Cash Flow, with strong segment performance and robust end-market demand.
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Record quarterly Adjusted EBITDA and net income, with raised 2026 guidance for both Adjusted EBITDA and free cash flow. Strong segment performance, robust liquidity, and continued share buybacks, while managing inflation and supply chain risks.
Fiscal Year 2025
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2025 results exceeded expectations with strong cost control, record segment EBITDA, and robust free cash flow. 2026 guidance targets $780–$820 million adjusted EBITDA and over $200 million free cash flow, with favorable market trends in aerospace and packaging, but ongoing risks from inflation and metal price volatility.
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Record Q3 results with 20% revenue growth and net income up to $88M, driven by higher shipments and pricing. 2025 guidance raised for adjusted EBITDA ($670–$690M) and free cash flow (>$120M), with strong cost control and capital discipline amid ongoing market uncertainty.
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Second quarter saw revenue up 9% and shipments up 2% year-over-year, with strong packaging demand offsetting weakness in automotive and aerospace. 2025 guidance for adjusted EBITDA was raised to $620–$650 million, with free cash flow expected to exceed $120 million.
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Revenue grew 5% year-over-year to $2 billion, with net income up to $38 million and adjusted EBITDA at $140 million excluding metal price lag. Despite weak demand in automotive and aerospace, cost controls and operational improvements supported results, and 2025 guidance is maintained.
Fiscal Year 2024
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2024 saw lower shipments, revenue, and earnings due to operational disruptions and market headwinds, but cost reduction and capital return initiatives were accelerated. 2025 guidance targets $600–$630 million adjusted EBITDA and over $120 million free cash flow, with long-term growth expected from recovery and investments.
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Q3 saw a 5% drop in shipments and revenue, with net income falling sharply due to lower volumes and a one-time gain last year. Adjusted EBITDA was €110 million, impacted by flooding, with full-year guidance lowered and market recovery delayed.
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Second quarter 2024 saw lower shipments and revenue but higher net income, with strong free cash flow and increased share buybacks. Flooding in Switzerland caused significant one-time disruption, pausing 2024 guidance, but the company remains confident in achieving over EUR 800 million Adjusted EBITDA in 2025.