Constellium SE Earnings Recaps
Q2 2026
Jul 31, 2026
Shares declined 1.8% despite record Adjusted EBITDA, as investors appear cautious on sustainability of growth and margin gains amid mixed signals on metal price pass-through and inflation pressures.
Key takeaways
- Adjusted EBITDA reached an all-time quarterly high of $439 million, including a $129 million positive impact from metal price lag; excluding this, Adjusted EBITDA was $310 million, up 88% year-over-year.
- Revenue rose 31% to $2.7 billion, driven largely by higher metal prices and improved shipments in Aerospace & Transportation (A&T).
- A&T segment Adjusted EBITDA increased 61% year-over-year to $135 million, supported by volume growth in aerospace (+14%) and TID (+26%), offset partly by $7 million in higher costs.
- Free Cash Flow was $90 million, with $20 million returned to shareholders via share repurchases; leverage at 1.8x.
- Management highlighted manageable inflationary pressures (freight, lubricants, coatings) and limited impact from Middle East conflict but provided a cautious outlook given ongoing uncertainties.
Q3 2025
Oct 31, 2025
Constellium reported a robust third quarter for 2025, with significant year-over-year growth across key financial metrics, as leadership transitions smoothly amidst strong operational execution.
Key takeaways
- Revenue surged 20% to $2.2 billion, driven by a 6% increase in shipments and higher revenue per ton amid elevated metal prices.
- Net income increased substantially to $88 million, up from $8 million last year, reflecting improved gross profit margins.
- Adjusted EBITDA reached a record $235 million, an 85% year-over-year increase, or $196 million excluding noncash metal price lag, marking a 50% improvement.
- Free cash flow remained strong at $30 million, with $25 million returned to shareholders via share repurchases.
- Leverage improved to 3.1x, down 0.5 turns from the last quarter, showcasing enhanced balance sheet strength.