PARIS, Sept. 09, 2025 (GLOBE NEWSWIRE) -- Constellium SE (NYSE: CSTM) is pleased to announce the extension of its long-term partnership with Embraer for the supply of high-performance aluminum solutions, including its advanced aluminum-lithium alloy, Airware®. Under this agreement, Constellium will continue to support Embraer’s Commercial Aviation, Executive Jets, and Defense & Security divisions. “We are proud and honored to extend our long-term partnership with Embraer in the aerospace and defense sectors ...

Group 1: Company Participation and Initiatives - Constellium SE is participating in Cenex 2025, the UK's leading event for low carbon and connected vehicle technologies, on September 3-4 [1] - The company is showcasing innovative aluminum solutions developed through the CirConAl project, a £10 million initiative supported by the Advanced Propulsion Centre UK and the UK Government [2] Group 2: Product Innovations and Sustainability - Constellium's display includes aluminum solutions with less than two metric tons of embodied CO2 emissions per metric ton of aluminum, meeting high-performance standards for automakers [3] - The project focuses on developing low-carbon, cost-efficient aluminum extrusion alloys using post-consumer scrap, enhancing sustainable automotive manufacturing [5] - By transforming post-consumer aluminum scrap into high-performance components, Constellium contributes to a circular economy for aluminum and a cleaner future for mobility [6] Group 3: Company Overview - Constellium is a global leader in developing innovative, value-added aluminum products for various markets, including aerospace, packaging, and automotive, generating $7.3 billion in revenue in 2024 [7]

Core Viewpoint - The article emphasizes the importance of value investing and highlights Constellium (CSTM) as a strong candidate for value investors due to its favorable metrics and Zacks Rank [2][4][6]. Group 1: Value Investing Strategy - Value investing is a popular strategy that focuses on identifying undervalued companies based on fundamental analysis and metrics [2]. - The Zacks Rank system and Style Scores are tools that help investors find stocks with specific traits, particularly in the "Value" category [3]. Group 2: Constellium (CSTM) Metrics - Constellium (CSTM) has a Zacks Rank of 2 (Buy) and a Value grade of A, indicating strong potential for value investors [4]. - CSTM's current P/E ratio is 10.34, which is slightly below the industry average of 10.57, suggesting it may be undervalued [4]. - The Forward P/E ratio for CSTM has ranged from 5.43 to 14.43 over the past year, with a median of 8.35 [4]. - CSTM's P/S ratio is 0.26, compared to the industry's average P/S of 0.37, further indicating potential undervaluation [5]. - These metrics suggest that CSTM is likely undervalued and presents a strong investment opportunity based on its earnings outlook [6].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to __________ Commission file number: 001-35931 Constellium SE (Exact name of registrant as specified in its charter) (State or other jurisdiction of ...

Financial Data and Key Metrics Changes - Shipments increased by 2% to 384,000 tonnes compared to 2024, driven by higher shipments in the PARP segment [6] - Revenue rose by 9% to $2.1 billion due to higher shipments and favorable price and mix, including increased metal prices [6] - Net income decreased to $36 million from $77 million in the same quarter last year, while adjusted EBITDA was $146 million, down from $180 million [7] - Free cash flow was strong at $41 million, with $35 million returned to shareholders through share repurchases [7][29] - Leverage at the end of the quarter was 3.6 times, expected to trend down as the year progresses [7][30] Business Line Data and Key Metrics Changes - A and T segment adjusted EBITDA decreased by 13% to $78 million, with aerospace shipments down 12% due to excess inventory issues [18][19] - PARP segment adjusted EBITDA increased by 12% to $74 million, with packaging shipments up 14% while automotive shipments decreased by 14% [21][22] - AS and I segment adjusted EBITDA fell by 40% to $18 million, with automotive shipments down 12% but industry shipments up 14% [23][24] Market Data and Key Metrics Changes - Demand weakness was noted across most end markets except packaging, with automotive production in Europe and North America remaining below pre-COVID levels [8][38] - Aerospace market backlogs are robust, but supply chain challenges have slowed deliveries [34] - Packaging demand remains healthy, with expectations for low to mid-single-digit growth in both North America and Europe [36] Company Strategy and Development Direction - The company is focused on cost control, free cash flow generation, and capital discipline amid ongoing demand weakness [8][42] - The Vision 25 program is being accelerated to improve operational efficiency and reduce costs [27] - The company is optimizing capacity by shifting resources from automotive to packaging markets [17] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in raising guidance for 2025, citing strong performance in packaging and effective cost reduction efforts [42] - The outlook for automotive remains cautious due to ongoing demand weakness and tariff impacts [38] - Long-term fundamentals in aerospace and packaging are viewed positively, despite current challenges [34][36] Other Important Information - The company will transition to a U.S. domestic filer starting in 2026, impacting its reporting requirements [31][32] - The tariff situation is fluid, with both positive and negative impacts anticipated, but overall expected to be net positive [10][17] Q&A Session Summary Question: What gave the confidence to raise guidance this quarter? - Management highlighted strong performance in packaging, effective cost reduction, and favorable scrap spreads as key factors [48][49] Question: What is the expected cadence between Q3 and Q4? - Q3 is expected to perform better than Q2 due to benefits from tariff mitigations, while Q4 will likely see seasonal weakness [53] Question: Can you provide details on packaging improvements at Muscle Shoals? - Improvements were attributed to operational stabilization and increased capacity utilization due to automotive weakness [58][60] Question: Is there engagement with Chinese OEMs for localization in Europe? - No current engagement with Chinese OEMs, but the company will be a legitimate supplier if assembly plants are established [62] Question: What is the outlook for aerospace demand? - Demand has stabilized, but there is a shift in delivery timelines due to supply chain adjustments [70][72] Question: What is the impact of the big beautiful bill? - Currently, no significant impact on financial results is anticipated [92] Question: Are there expectations for price increases in packaging? - The environment is supportive for pricing, with positive trends in negotiations for 2026 [100]

Second Quarter 2025 Earnings Call July 29, 2025 Forward-Looking Statements Certain statements contained in this presentation may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. This presentation may contain "forward-looking statements" with respect to our business, results of operations and financial condition, and our expectations or beliefs concerning future events and conditions. You can identify forward-looking statements because they con ...

What's Next for Constellium? Constellium (CSTM) came out with quarterly earnings of $0.25 per share, missing the Zacks Consensus Estimate of $0.28 per share. This compares to earnings of $0.52 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -10.71%. A quarter ago, it was expected that this aluminum company would post earnings of $0.07 per share when it actually produced earnings of $0.26, delivering a surprise of +271.43%. Ov ...

[Executive Summary & Highlights](index=1&type=section&id=Executive%20Summary%20%26%20Highlights) Constellium reported solid Q2 and H1 2025 results with increased revenue and shipments, despite a decline in net income and Adjusted EBITDA, while raising full-year guidance and repurchasing shares [Second Quarter 2025 Highlights](index=1&type=section&id=Second%20Quarter%202025%20Highlights) Constellium reported solid results for Q2 2025, with shipments up 2% and revenue up 9% year-over-year, despite a significant decrease in net income and Adjusted EBITDA, partly due to a negative non-cash metal price lag impact Q2 2025 Performance | Metric | Q2 2025 | Q2 2024 | Change (%) | | :-------------------------- | :------ | :------ | :--------- | | Shipments (k metric tons) | 384 | 378 | 2% | | Revenue ($ millions) | 2,100 | 1,932 | 9% | | Net income ($ millions) | 36 | 77 | (53)% | | Adjusted EBITDA ($ millions)| 146 | 225 | (35)% | | Metal price lag ($ millions)| (13) | N/A | N/A | | Cash from Operations ($ millions)| 114 | N/A | N/A | | Free Cash Flow ($ millions) | 41 | N/A | N/A | - Repurchased **3.4 million shares** for **$35 million** during the quarter[4](index=4&type=chunk) [First Half 2025 Highlights](index=1&type=section&id=First%20Half%202025%20Highlights) For the first half of 2025, Constellium maintained stable shipments and achieved a 7% increase in revenue compared to H1 2024, while net income and Adjusted EBITDA saw declines. The company also repurchased shares and ended the period with a leverage of 3.6x H1 2025 Performance | Metric | H1 2025 | H1 2024 | Change (%) | | :-------------------------- | :------ | :------ | :--------- | | Shipments (k metric tons) | 756 | 758 | 0% | | Revenue ($ millions) | 4,100 | 3,812 | 7% | | Net income ($ millions) | 74 | 99 | (25)% | | Adjusted EBITDA ($ millions)| 332 | 371 | (11)% | | Metal price lag ($ millions)| 33 | N/A | N/A | | Cash from Operations ($ millions)| 172 | N/A | N/A | | Free Cash Flow ($ millions) | 38 | N/A | N/A | | Leverage | 3.6x | N/A | N/A | - Repurchased **4.8 million shares** for **$50 million** during the first half of 2025[6](index=6&type=chunk) [CEO Commentary & Outlook](index=2&type=section&id=CEO%20Commentary%20%26%20Outlook) CEO Jean-Marc Germain highlighted solid Q2 results despite weak demand, attributing performance to cost reduction and capital discipline. He noted strong Free Cash Flow and share repurchases, expecting leverage to decrease. The company raised its full-year 2025 guidance for Adjusted EBITDA to $620-$650 million and Free Cash Flow to over $120 million, while reaffirming long-term 2028 targets - Solid Q2 results achieved despite continued demand weakness across most end markets outside of packaging[5](index=5&type=chunk) - Free Cash Flow was strong at **$41 million** in Q2 2025[5](index=5&type=chunk) - Leverage at **3.6x** at June 30, 2025, expected to be the peak and trend down[5](index=5&type=chunk) Revised Guidance | Metric | Full Year 2025 (Revised) | Long-Term 2028 Target | | :-------------------- | :----------------------- | :-------------------- | | Adjusted EBITDA | $620 - $650 million | $900 million | | Free Cash Flow | > $120 million | $300 million | [Group Financial Performance](index=3&type=section&id=Group%20Financial%20Performance) Constellium's Q2 and H1 2025 financial performance showed revenue growth driven by shipments and favorable pricing, but net income and Adjusted EBITDA declined due to various operational factors and metal price lag [Overall Performance (Q2 & H1 2025)](index=3&type=section&id=Overall%20Performance%20(Q2%20%26%20H1%202025)) Constellium's Q2 2025 performance showed a 2% increase in shipments and a 9% rise in revenue, driven by the P&ARP segment, but net income and Adjusted EBITDA declined significantly due to unfavorable metal price lag and weaker results in A&T, AS&I, and H&C. For H1 2025, shipments were stable, revenue grew 7%, but net income and Adjusted EBITDA also decreased, primarily due to segment performance Group Summary Financials | Metric | Q2 2025 | Q2 2024 | Var. Q2 | YTD 2025 | YTD 2024 | Var. YTD | | :------------------------ | :------ | :------ | :------ | :------- | :------- | :------- | | Shipments (k metric tons) | 384 | 378 | 2% | 756 | 758 | 0% | | Revenue ($ millions) | 2,103 | 1,932 | 9% | 4,082 | 3,812 | 7% | | Net income ($ millions) | 36 | 77 | (53)% | 74 | 99 | (25)% | | Adjusted EBITDA ($ millions)| 146 | 225 | n.m. | 332 | 371 | n.m. | - Q2 2025 revenue increase primarily due to higher shipments, favorable sales price and mix (including higher metal prices), and favorable foreign exchange translation[8](index=8&type=chunk) - H1 2025 revenue increase primarily due to favorable sales price and mix, including higher metal prices[9](index=9&type=chunk) [Metal Price Lag Impact](index=3&type=section&id=Metal%20Price%20Lag%20Impact) The non-cash metal price lag had a negative impact of $13 million in Q2 2025, primarily due to decreasing regional premiums in Europe, partially offset by increasing premiums in North America. For H1 2025, the impact was positive $33 million, driven by North American premiums Metal Price Lag Impact | Period | Metal Price Lag ($ millions) | | :----- | :--------------------------- | | Q2 2025| (13) | | H1 2025| 33 | - Q2 2025 negative metal price lag reflects decreasing regional premiums in Europe, partially offset by increasing premiums in North America[18](index=18&type=chunk) - H1 2025 positive metal price lag reflects increasing regional premiums in North America, partially offset by decreasing premiums in Europe[18](index=18&type=chunk) [Results by Segment](index=4&type=section&id=Results%20by%20Segment) Segmental performance in Q2 and H1 2025 varied, with P&ARP showing strong growth, while A&T and AS&I experienced declines in Adjusted EBITDA due to lower shipments and unfavorable price/mix [Aerospace & Transportation (A&T)](index=4&type=section&id=Aerospace%20%26%20Transportation%20(A%26T)) The A&T segment experienced a decline in both shipments and Segment Adjusted EBITDA for Q2 and H1 2025, primarily due to lower shipments of aerospace and transportation, industry and defense (TID) rolled products. Revenue remained relatively stable, supported by favorable price/mix and foreign exchange A&T Segment Performance | Metric | Q2 2025 | Q2 2024 | Var. Q2 | YTD 2025 | YTD 2024 | Var. YTD | | :-------------------------------- | :------ | :------ | :------ | :------- | :------- | :------- | | Shipments (k metric tons) | 53 | 60 | (11)% | 104 | 117 | (11)% | | Revenue ($ millions) | 492 | 487 | 1% | 960 | 966 | (1)% | | Segment Adjusted EBITDA ($ millions)| 78 | 90 | (13)% | 153 | 177 | (14)% | | Segment Adjusted EBITDA per metric ton ($)| 1,467 | 1,506 | (3)% | 1,468 | 1,511 | (3)% | - Q2 2025 Segment Adjusted EBITDA decrease primarily due to lower shipments, partially offset by favorable price and mix, lower operating costs, and favorable foreign exchange translation[10](index=10&type=chunk) - H1 2025 Segment Adjusted EBITDA decrease primarily due to lower shipments and unfavorable price and mix, partially offset by lower operating costs[11](index=11&type=chunk) [Packaging & Automotive Rolled Products (P&ARP)](index=4&type=section&id=Packaging%20%26%20Automotive%20Rolled%20Products%20(P%26ARP)) The P&ARP segment demonstrated strong growth in Q2 and H1 2025, with increased shipments, revenue, and Segment Adjusted EBITDA. This performance was driven by higher shipments of packaging rolled products, improved Muscle Shoals performance, and favorable operating costs, despite some headwinds from unfavorable price/mix and metal costs P&ARP Segment Performance | Metric | Q2 2025 | Q2 2024 | Var. Q2 | YTD 2025 | YTD 2024 | Var. YTD | | :-------------------------------- | :------ | :------ | :------ | :------- | :------- | :------- | | Shipments (k metric tons) | 276 | 262 | 5% | 545 | 526 | 4% | | Revenue ($ millions) | 1,235 | 1,079 | 14% | 2,422 | 2,097 | 15% | | Segment Adjusted EBITDA ($ millions)| 74 | 66 | 12% | 135 | 114 | 18% | | Segment Adjusted EBITDA per metric ton ($)| 268 | 252 | 6% | 248 | 217 | 14% | - Q2 2025 Segment Adjusted EBITDA increase primarily due to higher shipments and improved Muscle Shoals performance, lower operating costs, and favorable foreign exchange translation[13](index=13&type=chunk) - H1 2025 Segment Adjusted EBITDA increase primarily due to higher shipments and improved Muscle Shoals performance, favorable price and mix, and lower operating costs[14](index=14&type=chunk) [Automotive Structures & Industry (AS&I)](index=5&type=section&id=Automotive%20Structures%20%26%20Industry%20(AS%26I)) The AS&I segment experienced a significant decrease in Segment Adjusted EBITDA for both Q2 and H1 2025, mainly due to unfavorable price and mix, and the net impact from tariffs. Shipments saw a slight decrease in Q2 and a more pronounced decline in H1, while revenue increased due to favorable sales price/mix and foreign exchange AS&I Segment Performance | Metric | Q2 2025 | Q2 2024 | Var. Q2 | YTD 2025 | YTD 2024 | Var. YTD | | :-------------------------------- | :------ | :------ | :------ | :------- | :------- | :------- | | Shipments (k metric tons) | 55 | 56 | (1)% | 107 | 115 | (7)% | | Revenue ($ millions) | 421 | 384 | 10% | 802 | 779 | 3% | | Segment Adjusted EBITDA ($ millions)| 18 | 30 | (40)% | 34 | 63 | (46)% | | Segment Adjusted EBITDA per metric ton ($)| 329 | 540 | (39)% | 317 | 549 | (42)% | - Q2 2025 Segment Adjusted EBITDA decrease primarily due to unfavorable price and mix and the unfavorable net impact from tariffs, partially offset by lower operating costs and favorable foreign exchange translation[15](index=15&type=chunk) - H1 2025 Segment Adjusted EBITDA decrease primarily due to lower shipments, unfavorable price and mix, and the unfavorable net impact from tariffs[16](index=16&type=chunk) [Financial Position & Cash Flow](index=6&type=section&id=Financial%20Position%20%26%20Cash%20Flow) Constellium's financial position in H1 2025 saw a decrease in net income, an increase in Free Cash Flow, and a rise in net debt, while maintaining substantial liquidity [Net Income Analysis](index=6&type=section&id=Net%20Income%20Analysis) Net income for Q2 2025 decreased by $41 million to $36 million, primarily due to lower gross profit, higher selling and administrative expenses, and unfavorable changes in other gains and losses. For H1 2025, net income decreased by $25 million to $74 million, mainly driven by higher depreciation and amortization, increased selling and administrative expenses, and higher income tax expense Net Income Summary | Metric | Q2 2025 ($ millions) | Q2 2024 ($ millions) | H1 2025 ($ millions) | H1 2024 ($ millions) | | :----- | :------------------- | :------------------- | :------------------- | :------------------- | | Net income | 36 | 77 | 74 | 99 | - Q2 2025 net income decrease primarily related to lower gross profit, higher selling and administrative expenses, and unfavorable changes in other gains and losses[19](index=19&type=chunk) - H1 2025 net income decrease primarily related to higher depreciation and amortization, higher selling and administrative expenses, and income tax expense[20](index=20&type=chunk) [Cash Flow Activities](index=7&type=section&id=Cash%20Flow%20Activities) Free Cash Flow increased to $38 million in H1 2025 from $24 million in H1 2024, driven by favorable working capital changes, lower capital expenditures, and reduced cash taxes. Cash flows from operating activities remained stable, while cash flows used in investing and financing activities increased, with significant share repurchases in H1 2025 Cash Flow Summary (H1) | Metric | H1 2025 ($ millions) | H1 2024 ($ millions) | Change ($ millions) | | :-------------------------------- | :------------------- | :------------------- | :------------------ | | Free Cash Flow | 38 | 24 | 14 | | Cash from Operating Activities | 172 | 175 | (3) | | Cash used in Investing Activities | (131) | (111) | (20) | | Cash used in Financing Activities | (62) | (51) | (11) | - Increase in Free Cash Flow primarily due to favorable change in working capital, lower capital expenditures, and lower cash taxes, partially offset by lower Segment Adjusted EBITDA and higher cash interest[21](index=21&type=chunk) - Repurchased **4.8 million shares** for **$50 million** in H1 2025, compared to 1.9 million shares for $39 million in H1 2024[23](index=23&type=chunk) [Liquidity and Net Debt](index=8&type=section&id=Liquidity%20and%20Net%20Debt) As of June 30, 2025, Constellium reported $841 million in liquidity, comprising cash and available lending facilities. Net debt increased to $1,895 million from $1,776 million at the end of 2024 Liquidity and Net Debt | Metric | At June 30, 2025 ($ millions) | At December 31, 2024 ($ millions) | | :-------------------------- | :---------------------------- | :------------------------------ | | Liquidity | 841 | N/A | | Cash and cash equivalents | 133 | 141 | | Available lending facilities| 708 | N/A | | Net debt | 1,895 | 1,776 | [Company Outlook & Recent Developments](index=8&type=section&id=Company%20Outlook%20%26%20Recent%20Developments) Constellium raised its full-year 2025 guidance for Adjusted EBITDA and Free Cash Flow, reaffirmed long-term targets, and transitioned from a Foreign Private Issuer to a U.S. domestic filer [Full Year 2025 & Long-Term Guidance](index=8&type=section&id=Full%20Year%202025%20%26%20Long-Term%20Guidance) Constellium raised its 2025 Adjusted EBITDA guidance to $620-$650 million and Free Cash Flow to over $120 million, excluding metal price lag. The company also reaffirmed its 2028 targets of $900 million Adjusted EBITDA and $300 million Free Cash Flow Company Guidance | Metric | 2025 Outlook ($ millions) | 2028 Target ($ millions) | | :-------------------- | :------------------------ | :----------------------- | | Adjusted EBITDA | 620 - 650 | 900 | | Free Cash Flow | > 120 | 300 | - Adjusted EBITDA guidance excludes the non-cash impact of metal price lag[25](index=25&type=chunk) - Reconciliation of Adjusted EBITDA guidance to net income is not provided due to the inability to reasonably predict certain excluded items[26](index=26&type=chunk) [Recent Corporate Developments](index=8&type=section&id=Recent%20Corporate%20Developments) As of June 30, 2025, Constellium no longer qualifies as a Foreign Private Issuer. The company will continue to file annual reports on Form 10-K and quarterly reports on Form 10-Q, and beginning January 1, 2026, will also file all other required U.S. domestic forms with the SEC - Constellium no longer qualifies as a Foreign Private Issuer as of June 30, 2025[27](index=27&type=chunk) - Will continue filing 10-K and 10-Q reports, and beginning January 1, 2026, will file all other required U.S. domestic forms with the SEC[27](index=27&type=chunk) [About Constellium](index=9&type=section&id=About%20Constellium) Constellium SE is a global leader in innovative, value-added aluminum products for diverse markets including aerospace, packaging, and automotive. The company generated $7.3 billion in revenue in 2024 - Constellium is a global sector leader developing innovative, value-added aluminum products[29](index=29&type=chunk) - Key markets include aerospace, packaging, and automotive[29](index=29&type=chunk) - Generated **$7.3 billion** of revenue in 2024[29](index=29&type=chunk) [Non-GAAP Measures Explanation](index=10&type=section&id=Non-GAAP%20Measures%20Explanation) This section defines and explains key non-GAAP financial measures, including Adjusted EBITDA, Free Cash Flow, Net Debt, and Leverage, highlighting their calculation and utility for investors [Adjusted EBITDA](index=10&type=section&id=Adjusted%20EBITDA) Adjusted EBITDA is a non-GAAP measure defined as income/(loss) from continuing operations before income taxes, joint ventures, net finance costs, other expenses, and depreciation/amortization, further adjusted for specific non-recurring and non-operating items. It is used to illustrate underlying performance and is not an alternative to U.S. GAAP profit or loss - Adjusted EBITDA is a non-GAAP measure, not a measure of financial condition, liquidity, or profitability[31](index=31&type=chunk) - Defined as income/(loss) from continuing operations before income taxes, results from joint ventures, net finance costs, other expenses, and depreciation and amortization, adjusted for various non-recurring and non-operating items[32](index=32&type=chunk) - Useful to investors as it illustrates the underlying performance of continuing operations by excluding certain non-recurring and non-operating items[33](index=33&type=chunk) [Free Cash Flow](index=11&type=section&id=Free%20Cash%20Flow) Free Cash Flow is a non-GAAP measure calculated as net cash flow from operating activities minus capital expenditures (net of property, plant, and equipment inflows). It helps assess the net cash generated or used by the business, considering operating activities and capital needs, but does not represent residual cash for discretionary spending - Defined as net cash flow from operating activities, less capital expenditures, net of property, plant and equipment inflows[34](index=34&type=chunk) - Useful measure of net cash flow generated or used by the business, considering operating activities and capital expenditure requirements[34](index=34&type=chunk) - Not a U.S. GAAP presentation and does not represent residual cash flows available for discretionary spending[34](index=34&type=chunk) [Net Debt & Leverage](index=11&type=section&id=Net%20Debt%20%26%20Leverage) Net debt is a non-GAAP measure representing total debt adjusted for cross-currency basis swaps, less cash and cash equivalents. It provides a comprehensive view of indebtedness. Leverage is defined as Net debt divided by the last twelve months Segment Adjusted EBITDA, excluding the non-cash impact of metal price lag - Net debt is defined as debt plus or minus the fair value of cross currency basis swaps net of margin calls less cash and cash equivalents and cash pledged for the issuance of guarantees[35](index=35&type=chunk) - Useful measure of indebtedness as it considers cash and cash equivalent balances against total external debt[35](index=35&type=chunk) - Leverage is defined as Net debt divided by last twelve months Segment Adjusted EBITDA, excluding the non-cash impact of metal price lag[35](index=35&type=chunk) [Consolidated Financial Statements](index=12&type=section&id=Consolidated%20Financial%20Statements) The consolidated financial statements for Q2 and H1 2025 show revenue growth but declining net income, alongside increases in total assets, liabilities, and equity, and detailed cash flow movements [Consolidated Income Statements](index=12&type=section&id=Consolidated%20Income%20Statements) The consolidated income statements show a 9% revenue increase for Q2 2025 and 7% for H1 2025, but net income decreased by 53% and 25% respectively, primarily due to higher cost of sales, increased selling and administrative expenses, and higher finance costs Consolidated Income Statement Highlights | (in millions of U.S. dollar) | Q2 2025 | Q2 2024 | H1 2025 | H1 2024 | | :--------------------------- | :------ | :------ | :------ | :------ | | Revenue | 2,103 | 1,932 | 4,082 | 3,812 | | Cost of sales (excluding D&A)| (1,840) | (1,652) | (3,556) | (3,287) | | Depreciation and amortization| (82) | (76) | (160) | (151) | | Selling and administrative expenses| (88) | (75) | (166) | (155) | | Finance costs - net | (29) | (25) | (56) | (52) | | Income before tax | 56 | 104 | 118 | 134 | | Income tax expense | (20) | (27) | (44) | (35) | | Net income | 36 | 77 | 74 | 99 | | Basic EPS | 0.25 | 0.52 | 0.51 | 0.66 | | Diluted EPS | 0.25 | 0.51 | 0.51 | 0.65 | [Consolidated Statements of Comprehensive Income](index=13&type=section&id=Consolidated%20Statements%20of%20Comprehensive%20Income) The consolidated statements of comprehensive income show total comprehensive income of $64 million for Q2 2025 and $113 million for H1 2025. This includes net income and other comprehensive income/loss components, notably a positive net change in cash flow hedges and currency translation adjustments in 2025, contrasting with negative changes in 2024 Consolidated Comprehensive Income Highlights | (in millions of U.S. dollar) | Q2 2025 | Q2 2024 | H1 2025 | H1 2024 | | :--------------------------- | :------ | :------ | :------ | :------ | | Net income | 36 | 77 | 74 | 99 | | Net change in cash flow hedges| 25 | (2) | 37 | (4) | | Currency translation adjustments| 11 | — | 15 | (6) | | Other comprehensive income / (loss)| 28 | (5) | 39 | (16) | | Total comprehensive income | 64 | 72 | 113 | 83 | [Consolidated Balance Sheets](index=14&type=section&id=Consolidated%20Balance%20Sheets) The consolidated balance sheets as of June 30, 2025, show an increase in total assets to $5,368 million from $4,734 million at December 31, 2024, primarily driven by higher trade receivables and inventories. Total liabilities also increased to $4,569 million, mainly due to higher trade payables and long-term debt, while total equity grew to $799 million Consolidated Balance Sheet Highlights | (in millions of U.S. dollar) | At June 30, 2025 | At December 31, 2024 | | :--------------------------- | :--------------- | :------------------- | | Cash and cash equivalents | 133 | 141 | | Trade receivables and other, net| 805 | 486 | | Inventories | 1,328 | 1,181 | | Total current assets | 2,312 | 1,834 | | Property, plant and equipment, net| 2,564 | 2,408 | | Total assets | 5,368 | 4,734 | | Trade payables and other | 1,717 | 1,309 | | Long-term debt | 1,972 | 1,879 | | Total liabilities | 4,569 | 4,007 | | Total equity | 799 | 727 | [Consolidated Statements of Changes in Equity](index=15&type=section&id=Consolidated%20Statements%20of%20Changes%20in%20Equity) The consolidated statements of changes in equity show an increase in total equity from $727 million at January 1, 2025, to $799 million at June 30, 2025. This was primarily driven by net income and positive other comprehensive income, partially offset by share repurchases totaling $50 million during the first half of 2025 Changes in Equity (H1 2025) | (in millions of U.S. dollar) | At January 1, 2025 | Net Income | Other Comprehensive Income | Repurchase of ordinary shares | At June 30, 2025 | | :--------------------------- | :----------------- | :--------- | :------------------------- | :---------------------------- | :--------------- | | Total equity | 727 | 73 | 38 | (50) | 799 | - Repurchased **$50 million** of ordinary shares during the first half of 2025[39](index=39&type=chunk) [Consolidated Statements of Cash Flows](index=17&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) The consolidated statements of cash flows indicate net cash flows from operating activities of $172 million for H1 2025, slightly down from H1 2024. Cash flows used in investing activities increased to $131 million, and cash flows used in financing activities increased to $62 million, largely due to higher share repurchases and other financing activities Consolidated Cash Flow Highlights | (in millions of U.S. dollar) | Q2 2025 | Q2 2024 | H1 2025 | H1 2024 | | :--------------------------- | :------ | :------ | :------ | :------ | | Net cash flows from operating activities| 114 | 138 | 172 | 175 | | Net cash flows used in investing activities| (72) | (61) | (131) | (111) | | Net cash flows used in financing activities| (36) | (41) | (62) | (51) | | Net increase / (decrease) in cash and cash equivalents| 6 | 36 | (21) | 13 | | Cash and cash equivalents - end of period| 133 | 228 | 133 | 228 | - Purchases of property, plant and equipment were **$146 million** in H1 2025[41](index=41&type=chunk) - Repurchased **$50 million** of ordinary shares in H1 2025[41](index=41&type=chunk) [Supplemental Segment Data](index=18&type=section&id=Supplemental%20Segment%20Data) This section provides detailed segment-level data for Q2 and H1 2025, including Adjusted EBITDA, shipments, and revenue by product line, highlighting varied performance across business units [Segment Adjusted EBITDA](index=18&type=section&id=Segment%20Adjusted%20EBITDA) The Segment Adjusted EBITDA for Q2 2025 shows A&T at $78 million, P&ARP at $74 million, and AS&I at $18 million, with Holdings and Corporate at $(12) million. For H1 2025, A&T was $153 million, P&ARP $135 million, AS&I $34 million, and Holdings and Corporate at $(23) million, reflecting varied performance across segments Segment Adjusted EBITDA | (in millions of U.S. dollar) | Q2 2025 | Q2 2024 | H1 2025 | H1 2024 | | :--------------------------- | :------ | :------ | :------ | :------ | | A&T | 78 | 90 | 153 | 177 | | P&ARP | 74 | 66 | 135 | 114 | | AS&I | 18 | 30 | 34 | 63 | | Holdings and Corporate | (12) | (6) | (23) | (14) | [Shipments and Revenue by Product Line](index=18&type=section&id=Shipments%20and%20Revenue%20by%20Product%20Line) Total shipments for Q2 2025 increased to 384 k metric tons, and H1 2025 remained stable at 756 k metric tons. Packaging rolled products showed strong growth in both shipments and revenue, while automotive rolled products and aerospace rolled products experienced declines in shipments and revenue Shipments by Product Line (k metric tons) | Product Line | Q2 2025 | Q2 2024 | H1 2025 | H1 2024 | | :---------------------------------------- | :------ | :------ | :------ | :------ | | Aerospace rolled products | 22 | 25 | 46 | 52 | | Transportation, industry, defense and other rolled products| 31 | 35 | 59 | 65 | | Packaging rolled products | 213 | 187 | 417 | 374 | | Automotive rolled products | 59 | 69 | 119 | 140 | | Automotive extruded products | 29 | 33 | 60 | 69 | | Total shipments | 384 | 378 | 756 | 758 | Revenue by Product Line ($ millions) | Product Line | Q2 2025 | Q2 2024 | H1 2025 | H1 2024 | | :---------------------------------------- | :------ | :------ | :------ | :------ | | Aerospace rolled products | 267 | 262 | 534 | 548 | | Transportation, industry, defense and other rolled products| 226 | 225 | 427 | 418 | | Packaging rolled products | 912 | 729 | 1,780 | 1,400 | | Automotive rolled products | 295 | 319 | 586 | 631 | | Automotive extruded products | 249 | 251 | 483 | 514 | | Total Revenue by product line | 2,103 | 1,932 | 4,082 | 3,812 | [Non-GAAP Reconciliations](index=19&type=section&id=Non-GAAP%20Reconciliations) This section provides detailed reconciliations of non-GAAP financial measures, including Adjusted EBITDA, Free Cash Flow, and Net Debt, to their most directly comparable U.S. GAAP measures for transparency [Net Income to Adjusted EBITDA](index=19&type=section&id=Net%20Income%20to%20Adjusted%20EBITDA) The reconciliation shows Adjusted EBITDA of $146 million for Q2 2025 and $332 million for H1 2025, derived from net income by adding back income tax, finance costs, depreciation, amortization, and other non-GAAP adjustments, including the impact of metal price lag Reconciliation of Net Income to Adjusted EBITDA | (in millions of U.S. dollar) | Q2 2025 | Q2 2024 | H1 2025 | H1 2024 | | :--------------------------- | :------ | :------ | :------ | :------ | | Net income | 36 | 77 | 74 | 99 | | Income tax expense | 20 | 27 | 44 | 35 | | Finance costs - net | 29 | 25 | 56 | 52 | | Depreciation and amortization| 82 | 76 | 160 | 151 | | Metal price lag | (13) | 45 | 33 | 31 | | Adjusted EBITDA | 146 | 225 | 332 | 371 | - Metal price lag represents the financial impact of timing differences between aluminum price establishment in revenue and purchase prices in cost of sales, a non-cash impact[46](index=46&type=chunk) [Net Cash Flows from Operating Activities to Free Cash Flow](index=20&type=section&id=Net%20Cash%20Flows%20from%20Operating%20Activities%20to%20Free%20Cash%20Flow) Free Cash Flow was $41 million for Q2 2025 and $38 million for H1 2025, calculated by subtracting purchases of property, plant and equipment and adding property, plant and equipment inflows from net cash flows from operating activities Reconciliation of Net Cash Flows from Operating Activities to Free Cash Flow | (in millions of U.S. dollar) | Q2 2025 | Q2 2024 | H1 2025 | H1 2024 | | :--------------------------- | :------ | :------ | :------ | :------ | | Net cash flows from operating activities| 114 | 138 | 172 | 175 | | Purchases of property, plant and equipment| (77) | (84) | (146) | (158) | | Property, plant and equipment inflows| 4 | — | 12 | 7 | | Free Cash Flow | 41 | 54 | 38 | 24 | [Borrowings to Net Debt](index=20&type=section&id=Borrowings%20to%20Net%20Debt) Net debt stood at $1,895 million at June 30, 2025, an increase from $1,776 million at December 31, 2024. This is calculated by adjusting total debt for the fair value of cross-currency basis swaps and subtracting cash and cash equivalents Reconciliation of Borrowings to Net Debt | (in millions of U.S. dollar) | At June 30, 2025 | At December 31, 2024 | | :--------------------------- | :--------------- | :------------------- | | Debt | 2,026 | 1,918 | | Fair value of cross currency basis swaps, net of margin calls| 2 | (1) | | Cash and cash equivalents | (133) | (141) | | Net debt | 1,895 | 1,776 |

PARIS, July 29, 2025 (GLOBE NEWSWIRE) -- Constellium SE (NYSE: CSTM) ("Constellium" or the "Company") today reported results for the second quarter and the first half ended June 30, 2025. Second quarter 2025 highlights: First half 2025 highlights: Media Contacts Investor Relations Communications Jason Hershiser Delphine Dahan-Kocher Phone: +1 443 988 0600 Phone: +1 443 420 7860 investor-relations@constellium.com delphine.dahan-kocher@constellium.com Jean-Marc Germain, Constellium's Chief Executive Officer s ...

Core Viewpoint - Wall Street anticipates a year-over-year decline in earnings for Constellium (CSTM) despite higher revenues, with a focus on how actual results compare to estimates impacting stock price [1][2]. Earnings Expectations - Constellium is expected to report quarterly earnings of $0.28 per share, reflecting a year-over-year decrease of 46.2%, while revenues are projected to be $2.09 billion, an increase of 8.4% from the previous year [3]. - The consensus EPS estimate has been revised 2.34% higher in the last 30 days, indicating a reassessment by analysts [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that the Most Accurate Estimate for Constellium is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -3.23%, indicating bearish sentiment among analysts [12]. - The stock currently holds a Zacks Rank of 4, complicating predictions for an earnings beat [12]. Historical Performance - In the last reported quarter, Constellium exceeded expectations with earnings of $0.26 per share against an anticipated $0.07, achieving a surprise of +271.43% [13]. - Over the past four quarters, the company has beaten consensus EPS estimates twice [14]. Conclusion - Constellium does not appear to be a strong candidate for an earnings beat based on current estimates and rankings, suggesting investors should consider additional factors before making investment decisions [17].