Constellium(US:CSTM) Globenewswire·2026-02-18 11:00Core Insights - Constellium SE reported near-record results for 2025, with a record fourth quarter Adjusted EBITDA, despite a challenging macroeconomic environment [2][3] - The company generated strong Free Cash Flow of $178 million in 2025 and returned $115 million to shareholders through share repurchases [2][3] - Looking ahead, Constellium expects stable demand trends to continue into early 2026 and has launched a new operational excellence program, Vision 2028 [2][4] Financial Performance - Fourth quarter 2025 shipments were 365 thousand metric tons, an increase of 11% compared to Q4 2024, with revenue of $2.2 billion, up 28% year-over-year [3][6] - Full year 2025 shipments totaled 1.5 million metric tons, a 4% increase from 2024, with revenue reaching $8.4 billion, a 15% increase [7][3] - Net income for Q4 2025 was $113 million, compared to a net loss of $47 million in Q4 2024, while full year net income was $275 million, up from $60 million in 2024 [3][21] Segment Performance - Aerospace & Transportation (A&T) segment saw Q4 2025 shipments of 53 thousand metric tons, up 21% year-over-year, with revenue of $527 million, a 23% increase [8][9] - Packaging & Automotive Rolled Products (P&ARP) segment reported Q4 2025 shipments of 265 thousand metric tons, an 11% increase, with revenue of $1.3 billion, up 34% [11][12] - Automotive Structures & Industry (AS&I) segment had Q4 2025 shipments of 46 thousand metric tons, a 5% increase, with revenue of $368 million, a 12% increase [13][14] Cash Flow and Capital Management - Cash from operations for the full year 2025 was $489 million, compared to $301 million in 2024 [22] - Free Cash Flow for 2025 was $178 million, a significant improvement from a negative $100 million in 2024 [23] - The company repurchased 8.9 million shares for $115 million during 2025, reducing leverage to 2.5x by year-end [3][26] Outlook - For 2026, Constellium expects Adjusted EBITDA to be in the range of $780 million to $820 million, excluding non-cash metal price lag impacts, and Free Cash Flow to exceed $200 million [4][27] - The company aims to achieve Adjusted EBITDA of $900 million and Free Cash Flow of $300 million by 2028 [4][27]