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Constellium(CSTM) - 2025 Q2 - Earnings Call Presentation

Q2 2025 Performance - Shipments reached 384 thousand tons, a 2% year-over-year increase[11] - Revenue totaled $2.1 billion, up 9% year-over-year[11] - Net income was $36 million[11] - Adjusted EBITDA was $146 million, including a negative non-cash metal price lag impact of $13 million[11] - Free Cash Flow amounted to $41 million[11] - The company repurchased 3.4 million shares for $35 million[11] Segment Performance - Aerospace & Transportation: Adjusted EBITDA was $78 million, a 13% decrease year-over-year, with shipments down 11% to 53 thousand tons[14] - Packaging & Automotive Rolled Products: Adjusted EBITDA was $74 million, a 12% increase year-over-year, with shipments up 5% to 276 thousand tons[17] - Automotive Structures & Industry: Adjusted EBITDA was $18 million, a 40% decrease year-over-year, with shipments down 1% to 55 thousand tons[20] Financial Position and Outlook - Leverage ratio was 3.6x at the end of Q2 2025[11, 29] - The company expects to be at or below 3.0x leverage by the end of 2025[29] - The company targets 2025 Free Cash Flow to be greater than $120 million[27, 41] - The company targets 2025 Adjusted EBITDA between $620 million and $650 million[41]