Core Insights - Constellium SE is a significant player in the metal products distribution industry, particularly in aluminum production, with strong market presence in aerospace, automotive, and packaging sectors [1] Financial Performance - The company reported earnings per share (EPS) of $0.627, exceeding the estimated $0.315, resulting in an earnings surprise of 67.57% [2] - Revenue for the third quarter reached approximately $2.166 billion, surpassing the estimated $1.788 billion, representing a 2.87% beat over the Zacks Consensus Estimate [3] - Adjusted EBITDA was reported at $235 million, with contributions from Aerospace & Transportation ($90 million) and Packaging & Automotive Rolled Products ($82 million) [4][6] Strategic Initiatives - The company repurchased 1.7 million shares for $25 million, indicating a commitment to enhancing shareholder value [5] - Financial metrics include a P/E ratio of 49.46, a debt-to-equity ratio of 2.60, and a current ratio of 1.23, reflecting its valuation and financial structure [5]

Revenue and Sales Performance - Revenue for Q3 2025 increased by 20% to $2,166 million compared to $1,802 million in Q3 2024, driven by higher shipments and revenue per ton [121]. - Sales volumes for Q3 2025 rose by 6% to 373 kt from 352 kt in Q3 2024, with a 4% increase in A&T, 5% in P&ARP, and 14% in AS&I [121]. - For the three months ended September 30, 2025, total revenue increased 20% to $2,166 million from $1,802 million for the same period in 2024 [139]. - For the nine months ended September 30, 2025, revenue increased by 11% to $6,248 million from $5,614 million in the same period of 2024 [122]. - For the three months ended September 30, 2025, revenue in the AS&I segment increased 27% to $409 million from $323 million for the same period in 2024 [144]. Cost and Expenses - Cost of sales for Q3 2025 increased by 16% to $1,852 million from $1,597 million in Q3 2024, primarily due to a 21% rise in raw materials and consumables [125]. - Selling and administrative expenses for Q3 2025 rose by 29% to $85 million from $66 million in Q3 2024, driven by increased labor costs [127]. - Research and development expenses for Q3 2025 increased by 9% to $12 million from $11 million in Q3 2024, primarily due to foreign exchange translation impacts [129]. - For the nine months ended September 30, 2025, research and development expenses decreased 5% to $37 million from $39 million for the same period in 2024 [130]. Profitability and Income - Net income for Q3 2025 was $88 million, up from $8 million in Q3 2024, reflecting improved operational performance [120]. - For the nine months ended September 30, 2025, Adjusted EBITDA was $566 million, compared to $498 million for the same period in 2024 [182]. - For the three months ended September 30, 2025, Adjusted EBITDA in the A&T segment increased 67% to $90 million from $54 million for the same period in 2024 [150]. - For the nine months ended September 30, 2025, Adjusted EBITDA in the P&ARP segment increased 17% to $217 million from $186 million for the same period in 2024 [153]. - For the nine months ended September 30, 2025, Adjusted EBITDA in the AS&I segment decreased by 4% to $67 million from $70 million for the same period in 2024 [156]. Taxation - For the nine months ended September 30, 2025, income tax expense was $82 million compared to $46 million for the same period in 2024 [137]. - The effective tax rate for the three months ended September 30, 2025 was 30.2%, down from 57.9% for the same period in 2024 [137]. Share Repurchase and Capital Management - The company repurchased 1.7 million shares for $25 million during the third quarter [104]. - During the nine months ended September 30, 2025, the company repurchased 6.5 million shares for $75 million [172]. - Total liquidity at September 30, 2025, was $831 million, comprised of $122 million in cash and cash equivalents and $471 million of availability under the Pan-U.S. ABL facility [164]. Cash Flow and Capital Expenditures - Net cash flows from operating activities for the nine months ended September 30, 2025, were $271 million, a $31 million increase from $240 million in the same period in 2024 [167]. - Capital expenditures for the nine months ended September 30, 2025, were $203 million, compared to $255 million for the same period in 2024 [170]. Other Financial Impacts - The company experienced a $10 million negative impact from flooding in Valais, Switzerland, during the nine months ended September 30, 2024 [156]. - For the nine months ended September 30, 2025, the company reported $9 million in insurance proceeds and $8 million in clean-up costs due to flooding in Valais, Switzerland [184]. - For the nine months ended September 30, 2024, the company incurred $6 million in inventory impairment and $4 million in costs related to non-recurring corporate transformation projects [184]. - The company recognized a $2 million gain from acquiring non-controlling interests in Railtech Alu-Singen during the nine months ended September 30, 2024 [184]. - Metal price lag represents a non-cash financial impact due to timing differences between aluminum prices in revenue and purchase prices in cost of sales [184]. - The calculation of metal price lag is based on a standardized methodology applied at each manufacturing site, reflecting the average value of products purchased and inventory [184]. Demand Outlook - The company expects demand trends to remain stable through the remainder of 2025, benefiting from improved scrap spreads in North America [104]. Working Capital Changes - Changes in working capital for the nine months ended September 30, 2025, included an increase in inventory of $109 million and an increase in trade receivables of $280 million [168].

Core Insights - Constellium reported strong third-quarter results for 2025, with record adjusted EBITDA and a significant increase in net income compared to the previous year [8][10][36] - The company announced a leadership transition, with Ingrid Jorg set to succeed Jean-Marc Germain as CEO at the end of December 2025 [5][6][27] - The company is raising its guidance for 2025, targeting adjusted EBITDA in the range of $670 million to $690 million and free cash flow of $120 million [37] Financial Performance - Shipments increased by 6% year-over-year to 373,000 tons, contributing to a 20% rise in revenue to $2.2 billion [8][10] - Net income for the quarter was $88 million, up from $8 million in the same quarter last year, driven by higher gross profit [9][10] - Adjusted EBITDA reached $235 million, an 85% increase year-over-year, with a record adjusted EBITDA of $196 million when excluding the impact of metal price lag [9][10] Leadership Transition - Jean-Marc Germain will retire as CEO and Board Director on December 31, 2025, after nearly ten years with the company [5][6] - Ingrid Jorg, with over 25 years of experience in the aluminum industry, will take over as CEO and has been instrumental in developing the company's strategy [6][27] Market Outlook - The aerospace market shows strong demand, with commercial aircraft backlogs at record levels and major OEMs increasing build rates [28][29] - The packaging market remains healthy, with demand for aluminum beverage cans driving growth in North America and Europe [30] - The automotive market is facing challenges, particularly in Europe, with production levels below pre-COVID levels and ongoing impacts from tariffs [31][32] Cost Management and Tariffs - The company operates a pass-through business model, minimizing exposure to metal price risks, and has made progress in mitigating tariff impacts [10][12] - Current tariff exposure is manageable, with indirect benefits from tariffs including improved domestic demand for aluminum products [12][36] - The company is focused on cost control and has accelerated its Vision '25 cost improvement program in response to market conditions [22][36] Free Cash Flow and Shareholder Returns - Free cash flow for the quarter was $30 million, with a year-to-date total of $68 million, and the company plans to continue share repurchase activities [10][24] - The company repurchased 1.7 million shares for $25 million during the quarter, with approximately $146 million remaining on its share repurchase program [24][25]

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Constellium (NYSE:CSTM) Q3 2025 Earnings Call October 29, 2025 10:00 AM ET Company ParticipantsJean-Marc Germain - CEOJack Guo - CFOIngrid Joerg - COO and CEO AppointeeJason Hershiser - Director of Investor RelationsConference Call ParticipantsCorinne Blanchard - AnalystTimna Tanners - AnalystKatja Jancic - Metals and Mining AnalystBill Peterson - Senior Equity Research AnalystOperatorGood day and thank you for standing by. Welcome to the Constellium third quarter 2025 results conference call and webcast. A ...

Financial Data and Key Metrics Changes - Shipments increased by 6% to 373,000 tonnes compared to Q3 2024, driven by higher shipments across all operating segments [7] - Revenue rose by 20% to $2.2 billion compared to Q3 2024, attributed to higher shipments and increased revenue per tonne, including higher metal prices [7] - Net income for the quarter was $88 million, a significant increase from $8 million in Q3 2024, primarily due to higher gross profit [8] - Adjusted EBITDA increased by 85% to $235 million, with a record adjusted EBITDA of $196 million when excluding the impact of metal price lag [8][9] - Free cash flow was strong at $30 million for the quarter [8] Business Line Data and Key Metrics Changes - **A&T Segment**: Adjusted EBITDA of $90 million, up 67% year-over-year, with TID shipments up 16% but aerospace shipments down 9% [13][14] - **Packaging Segment**: Adjusted EBITDA of $82 million, a 14% increase year-over-year, with packaging shipments up 11% [15] - **AS&I Segment**: Adjusted EBITDA of $33 million, a 371% increase year-over-year, with shipments up 40% [16] Market Data and Key Metrics Changes - Aerospace market backlogs are at record levels, with major OEMs increasing build rates for aircraft [24] - Demand in the packaging market remains healthy in North America and Europe, with long-term growth expected [25] - Automotive production in Europe remains below pre-COVID levels, with demand weak particularly in luxury and electric vehicle segments [27] Company Strategy and Development Direction - The company is focused on high value-added products, enhancing customer connectivity, and optimizing margins [23] - The leadership transition is aimed at continuing the strong foundation and strategic direction established [5][6] - The company is committed to maintaining a right-sized cost structure and executing its Vision 25 cost improvement program [19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term fundamentals driving aerospace demand, despite current supply chain challenges [24] - The company anticipates a modest benefit from recent aluminum supply chain interruptions in automotive, with expectations for improvement in 2026 [28] - Management raised guidance for 2025, targeting adjusted EBITDA of $670 million to $690 million and free cash flow in excess of $120 million [31] Other Important Information - The company completed a divestment of its Nanjing Automotive Structures plant during the quarter [9] - The current tariff environment is manageable, with indirect positive impacts from tariffs expected to continue [10][11] - The company has no bond maturities until 2028, with strong liquidity of $831 million as of the end of Q3 [22] Q&A Session Summary Question: Impact of scrap spread on future quarters - Management indicated that scrap spreads have tightened in 2024 and are expected to widen in 2025, with a potential impact of $15 to $20 million per quarter [35][41] Question: Aerospace margin outlook - Management noted that the aerospace segment has maintained strong margins due to a wide product portfolio and R&D capabilities, with expectations for continued improvement [47][56] Question: European market recovery indicators - Management highlighted mixed signals in the European market, with some sectors stabilizing while others remain weak, particularly in automotive [80][85] Question: Benefits from rising aluminum prices - Management clarified that rising aluminum prices primarily impact cash flow due to increased inventory costs, while scrap spreads are expected to provide some benefits [86][87]

Constellium (NYSE:CSTM) Q3 2025 Earnings Call October 29, 2025 10:00 AM ET Speaker3Good day and thank you for standing by. Welcome to the Constellium third quarter 2025 results conference call and webcast. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, please press star one and one on your telephone. You will then hear an automated message advising your hand is raised. To withdraw ...

Third Quarter 2025 Earnings Call October 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 c ...

Constellium (CSTM) came out with quarterly earnings of $0.62 per share, beating the Zacks Consensus Estimate of $0.37 per share. This compares to earnings of $0.02 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +67.57%. A quarter ago, it was expected that this aluminum company would post earnings of $0.28 per share when it actually produced earnings of $0.25, delivering a surprise of -10.71%.Over the last four quarters, the c ...

Constellium PRESS RELEASE October 29, 2025 Constellium Reports Strong Third Quarter 2025 Results; Raises Full Year 2025 Guidance Paris - Constellium SE (NYSE: CSTM) ("Constellium", the "Company" or the "Group") today reported results for the third quarter and the nine months ended September 30, 2025. Third quarter 2025 highlights: Nine months ended September 30, 2025 highlights: 1 During the third quarter of 2025, the Company identified and corrected certain immaterial errors affecting metal price lag and t ...