Constellium(US:CSTM)2025-04-30 11:05Q1 2025 Performance - Shipments reached 372 thousand tons, a decrease of 2% year-over-year[11] - Revenue totaled $2.0 billion, an increase of 5% year-over-year[11] - Net income was $38 million[11] - Adjusted EBITDA was $186 million, including a positive $46 million non-cash metal price lag impact and a negative $10 million impact from the Valais flood[11] - Free Cash Flow was $(3) million, which includes a negative $27 million impact at Valais due to the flood[11] - The company repurchased 1.4 million shares for $15 million[11] - Leverage ratio stood at 3.3x at the end of March 31, 2025[11] Segment Performance - Aerospace & Transportation segment Adjusted EBITDA was $75 million, a decrease of 14% year-over-year, with shipments of 51 thousand tons, down 11%[14] - Packaging & Automotive Rolled Products segment Adjusted EBITDA was $60 million, an increase of 25% year-over-year, with shipments of 269 thousand tons, up 2%[18] - Automotive Structures & Industry segment Adjusted EBITDA was $16 million, a decrease of 50% year-over-year, with shipments of 52 thousand tons, down 12%[21] 2025 Expectations - The company expects Free Cash Flow to be greater than $120 million[28] - Capital expenditures are projected to be approximately $330 million[28] - Cash interest expenses are estimated at around $120 million[28] - Cash taxes are expected to be approximately $40 million[28] Targets - 2025 Adjusted EBITDA is targeted between $600 million and $630 million[43] - 2028 Adjusted EBITDA is targeted at $900 million[43] - 2028 Free Cash Flow is targeted at $300 million[43]