PARIS, July 15, 2024 (GLOBE NEWSWIRE) -- Constellium SE (NYSE:CSTM) announced today the successful completion of its first industrial-scale hydrogen casting at C-TEC, Constellium's primary R&D center. This casting was performed in a 12-ton furnace following strict internal procedures. Quality monitoring, including the use of Batscan™ technology, an inclusion detection tool for molten aluminium, was conducted and no quality impact from hydrogen combustion on the metal was observed. "We are thrilled to announ ...

"We are thrilled to announce the successful completion of our first industrial-scale hydrogen casting. This achievement marks a pivotal step in Constellium's journey towards decarbonizing our industrial activities. Utilizing hydrogen as a substitute for natural gas not only demonstrates our commitment to sustainability but also paves the way for future innovations in green technologies," said Ludovic Piquier, Senior VP, Manufacturing Excellence and Chief Technical Officer of Constellium. Constellium is acti ...

PARIS, May 15, 2024 (GLOBE NEWSWIRE) -- Constellium SE ("Constellium" or the "Company") announced today that the voting results for its Annual General Meeting of Shareholders held on May 2, 2024 (the "AGM") have been published on the Company's website (https://www.constellium.com/investors/shareholder-meetings). All the proposals were adopted at the AGM, including the re-appointment of Jean-Christophe Deslarzes, Isabelle Boccon-Gibod and Jean-Philippe Puig to the Company's Board of Directors for a period of ...

Financial Data and Key Metrics Changes - Revenue for the quarter was €1.7 billion, a decrease of 12% compared to the previous year, primarily due to lower metal prices and lower shipments [112] - Net income was €17 million, down from €22 million in the first quarter of last year [117] - Adjusted EBITDA was €137 million, which includes a negative noncash impact from metal price lag of €13 million; excluding this impact, adjusted EBITDA reflects €150 million compared to €166 million last year [117] - Free cash flow was negative €8 million for the quarter, but the company expects to generate positive free cash flow of over €130 million for the full year [118] Business Line Data and Key Metrics Changes - The P&ARP segment generated adjusted EBITDA of €43 million, down 21% compared to the first quarter last year, impacted by significant weather-related issues at the Muscle Shoals facility [132] - The A&T segment delivered record first-quarter adjusted EBITDA of €80 million, an increase of 10% compared to last year, with aerospace shipments up 6% [133] - Industry shipments were down 28% due to the sale of the German extrusion business, with price and mix headwinds of €10 million [120] Market Data and Key Metrics Changes - Aerospace demand continued to grow, although it remains below pre-COVID levels; major OEMs are focused on increasing build rates despite supply chain issues [16] - Automotive shipments increased by 1% in North America but faced softness in Europe, with expectations of continued weakness in European automotive markets [125] - Demand in industrial and specialty markets remained weak across both North America and Europe [8] Company Strategy and Development Direction - The company is focused on growing its value-added products, particularly in aerospace, with significant investments in new casthouses to increase capacity [18] - The long-term outlook for packaging markets is favorable, with expected growth in Canstock and low to mid-single-digit growth in both North America and Europe [15] - The company aims to enhance its recycling capabilities and reduce reliance on primary producers through strategic investments [107] Management's Comments on Operating Environment and Future Outlook - Management acknowledged ongoing operational challenges at the Muscle Shoals facility but expressed optimism about improved performance as the year progresses [40] - The company maintains its guidance for 2024, targeting adjusted EBITDA in the range of €740 million to €770 million and free cash flow exceeding €130 million [143] - Management highlighted strong demand in key markets, including aerospace and North American automotive, while remaining cautious about European market conditions [60] Other Important Information - The company launched a share repurchase program in March, repurchasing 330,000 shares for approximately $7 million [118] - Moody's upgraded the company's credit rating to BA3 with a stable outlook, reflecting progress in capital structure and financial flexibility [124] Q&A Session Summary Question: Impact of weather on Muscle Shoals performance - Management did not quantify the impact of the heavy snow but indicated that performance would have been better without the unusual weather event [68] Question: Expectations for P&ARP margins - Management expects improved performance at Muscle Shoals and more recycling benefits to help achieve over €300 per ton margins [174] Question: Changes in demand due to OEM production changes - Management stated that they have not seen any impact on demand for aerospace products despite changes in narrow-body production by an OEM [90] Question: Future of aluminum tariffs and their impact - Management expressed uncertainty about the impact of potential tariff increases but noted that anti-dumping tariffs could level the playing field [71][85] Question: Strategy for share repurchase and M&A opportunities - The company is committed to its share buyback program while remaining selective about potential M&A opportunities that meet internal return criteria [96]

Constellium (CSTM) came out with quarterly earnings of $0.12 per share, missing the Zacks Consensus Estimate of $0.27 per share. This compares to earnings of $0.15 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -55.56%. A quarter ago, it was expected that this aluminum company would post earnings of $0.31 per share when it actually produced earnings of $0.08, delivering a surprise of -74.19%.Over the last four quarters, the c ...

Constellium (CSTM) closed the most recent trading day at $20.72, moving +0.53% from the previous trading session. This change outpaced the S&P 500's 0.88% loss on the day. Meanwhile, the Dow gained 0.56%, and the Nasdaq, a tech-heavy index, lost 2.05%.Heading into today, shares of the aluminum company had lost 1.76% over the past month, lagging the Industrial Products sector's loss of 0.97% and outpacing the S&P 500's loss of 2.57% in that time.The investment community will be closely monitoring the perform ...

Constellium (CSTM) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Over the past month, shares of this aluminum company have returned -1.3%, compared to the Zacks S&P 500 composite's -1.7% change. During this period, the Zacks Metal Products - Distribution industry, which Constellium falls in, has gained 12.7%. The key question now is: What could be the stock's fut ...

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, April15th:Constellium (CSTM) : This company which develops innovative, value-added aluminium products for aerospace, automotive and packaging markets and applications, has a Zacks Rank #1(Strong Buy), and witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.3% over the last 60 days.Constellium’s shares gained 16.7% over the last three month compared with the S&P 500’s gain of ...

While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use tried-and-true metrics and fundamental analysis to find companies that they beli ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Constellium (CSTM) .Constellium currently has an average brokerage recomme ...