The Company expects the redemption date for the 2026 Notes to occur on August 26, 2024 (the "Redemption Date"). The redemption price for the 2026 Notes is 100.000% of the aggregate principal amount of the outstanding 2026 Notes redeemed, plus accrued and unpaid interest, if any, to the Redemption Date. The Redemption is conditioned on the consummation of the Notes Offering. Solely for the purposes of each manufacturer's product approval process in MiFID II, the target market assessment in respect of the Not ...

Constellium intends to use the net proceeds of the Notes Offering, together with cash on hand, to redeem, satisfy and discharge in accordance with the governing indenture, all of its outstanding 5.875% Senior Notes due 2026 (the "U.S. 2026 Notes") and all of its outstanding 4.250% Senior Notes due 2026 (together with the U.S. 2026 Notes, the "2026 Notes") and to pay related fees and expenses (the "Redemption"). There can be no assurance that Constellium will successfully complete the Notes Offering or the R ...

Constellium intends to use the net proceeds of the Notes Offering, together with cash on hand, to redeem, satisfy and discharge in accordance with the governing indenture, all of its outstanding 5.875% Senior Notes due 2026 (the "U.S. 2026 Notes") and all of its outstanding 4.250% Senior Notes due 2026 (together with the U.S. 2026 Notes, the "2026 Notes") and to pay related fees and expenses (the "Redemption"). There can be no assurance that Constellium will successfully complete the Notes Offering or the R ...

INDEX References to "tons" throughout this quarterly report are to metric tons and to "kt" to thousands of metric tons. Amounts may not sum due to rounding. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS The following discussion and analysis includes forward-looking statements. These forward-looking statements are subject to risks, uncertainties and other factors that could cause our actual results to dif er materially from those expressed or implied by our forwardlook ...

Constellium SE (NYSE:CSTM) Q2 2024 Earnings Conference Call July 23, 2024 9:00 AM ET Company Participants Jason Hershiser - Director of IR Jean-Marc Germain - CEO Jack Guo - CFO Conference Call Participants Katja Jancic - BMO Capital Markets Timna Tanners - Wolfe Research Bill Peterson - JPMorgan Corinne Blanchard - Deutsche Bank Josh Sullivan - The Benchmark Company Operator Good morning, everyone and welcome to the Constellium Second Quarter 2024 Results Call. My name is Angela, and I will be coordinating ...

Forward-Looking Statements Second Quarter 2024 - Earnings Call - 2 This presentation includes information regarding certain non-GAAP financial measures, including Adjusted EBITDA, Free Cash Flow and Net debt. These measures are presented because management uses this information to monitor and evaluate financial results and trends and believes this information to also be useful for investors. Adjusted EBITDA measures are frequently used by securities analysts, investors and other interested parties in their ...

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estim ...

PARIS, July 23, 2024 (GLOBE NEWSWIRE) -- Constellium (NYSE:CSTM) announced today that its facility in Muscle Shoals, Alabama has been selected by the U.S. Department of Defense (DoD) for an investment of $23 million under Title III, Defense Production Act to rebuild its Direct Chill aluminium casting center. "This investment under the Defense Production Act will enable our industry to meet the rapidly increasing demand for the aluminium products needed not only for our national security, but also necessary ...

As a reminder of the press release issued on February 21, 2024 and following the SEC comment letter review process, Constellium will no longer report Value-Added Revenue (VAR), a Non-GAAP financial measure. In addition, the Company has revised its definition of consolidated Adjusted EBITDA, a Non-GAAP financial measure, to no longer exclude the non-cash impact of metal price lag from its consolidated Adjusted EBITDA. Constellium will continue to exclude the non-cash impact of metal price lag from its Segmen ...

Group 1 - Constellium has signed a long-term agreement with Lotte Infracell to supply foilstock for battery applications in Europe, emphasizing its commitment to the electric vehicle market [5][6][7] - The company plans to invest approximately €30 million in new finishing lines at its Singen facility, which will enhance production capacity and create around 20 new jobs [1][7] - Constellium generated €7.2 billion in revenue in 2023, indicating its strong market position and financial performance [6] Group 2 - Aluminium's properties, such as lighter weight and lower cost, make it advantageous for large-scale battery production for electric vehicles, aligning with Constellium's innovative product offerings [2] - The partnership with Lotte Infracell is expected to ensure a reliable supply of high-quality foilstock, supporting the rapid growth of the electric vehicle market in Europe [6][7]