Welcome to our dedicated page for Constellium SE news (Ticker: CSTM), a resource for investors and traders seeking the latest updates and insights on Constellium SE stock.
Constellium SE (Symbol: CSTM) is a global leader in the design and manufacture of high-quality rolled and extruded aluminum products. With over 10,000 employees, we leverage our expert teams, world-class R&D center, and outstanding facilities to serve a broad range of markets, including aerospace, automotive, and packaging. Our commitment to innovation and sustainability helps us create value-added and recyclable aluminum solutions that meet the evolving needs of our customers.
Our business is organized into three primary segments:
- Packaging and Automotive Rolled Products (P&ARP): This segment focuses on producing rolled aluminum products at our European and North American facilities, catering to the packaging and automotive markets.
- Aerospace and Transportation (A&T): We manufacture rolled aluminum products and a limited volume of extruded products for the aerospace and transportation sectors, utilizing our facilities in Europe and North America.
- Automotive Structures and Industry (AS&I): This segment is dedicated to the production of extruded aluminum products and aluminum structural components, primarily for the automotive and industrial markets.
In 2023, Constellium generated strong financial results with a record Adjusted EBITDA of €713 million and Free Cash Flow of €170 million, despite facing inflationary pressures and market headwinds. Our CEO, Jean-Marc Germain, acknowledged the dedication of our 12,000 employees and expressed confidence in our future prospects. We anticipate continued growth in our key markets, supported by a share repurchase program of up to $300 million and targeted Adjusted EBITDA of over €800 million by 2025.
Our latest news includes the announcement of a solid financial performance for the fourth quarter and full year ended December 31, 2023. We remain focused on executing our strategy, enhancing shareholder value, and navigating the challenges of inflationary pressures and market softness in certain segments.
For more detailed financial information and updates, please refer to our latest consolidated statements and non-GAAP measures.
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Constellium SE (NYSE: CSTM) reported its fourth-quarter and full-year results for 2023, highlighting a decrease in shipments and revenue compared to the previous year. The company also announced a three-year share repurchase program. Despite challenges such as inflationary pressures and demand headwinds, Constellium achieved record Adjusted EBITDA and strong Free Cash Flow in 2023. Looking ahead to 2024, the company expects aerospace demand to remain strong, stabilized canstock demand, and healthy automotive demand, while experiencing weakness in most industrial markets.
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Constellium SE (NYSE: CSTM) has partnered with Chanel Fragrance & Beauty and g.pivaudran to introduce a packaging including recycled aluminium for Chanel's mascara line 'Le Volume.' The mascara packaging will now incorporate 10 to 20 per cent of post-consumer recycled (PCR), depending on the model. Constellium collaborated on this project with luxury packaging specialist g.pivaudran since 2018, overcoming technical challenges such as issues with deep stamping and maintenance of a smooth or brushed decor. The companies also worked to ensure maintenance of aesthetics following anodization and sought to ensure stability of raw material featuring recycled content. Constellium's rolling mill in Singen, Germany is renowned for producing highly specialized aluminium surfaces unique to the cosmetics industry. To meet the challenge of combining high-luster finishes with optimal deep-drawing characteristics, Constellium has developed special alloys with uniform conversion properties that conform to specific dimensional tolerances.
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Constellium SE (NYSE: CSTM) will host a conference call and webcast on Wednesday, February 21, 2024, at 10:00 AM (Eastern Time) to announce its fourth quarter and full year 2023 results. The press release will be sent before market opening. The conference call will be hosted by Jean-Marc Germain, Chief Executive Officer, and Jack Guo, Senior Vice President and Chief Financial Officer. Details of the conference call, webcast and accompanying presentation will be available on the Constellium Investor Relations page. The webcast can be accessed live. An archived recording of the conference call will also be available at www.constellium.com for three weeks.
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Constellium (CSTM) announces the launch of ConstelliumCARES Fund, a philanthropy program with a commitment of up to €1 million per year to advance initiatives focused on climate change, diversity and inclusion, and education and skill-building. The fund aims to address global challenges and local needs, reinforcing the company's dedication to creating a lasting impact and contributing to a more sustainable and inclusive future. In 2023, the fund sponsored local projects in Europe and the United States, including supporting underprivileged students, providing services for disadvantaged populations, fostering inclusion for people with disabilities, and promoting STEM education and career opportunities for female students.
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Constellium (CSTM) to Showcase Innovative Aluminium Automotive Structures at CES 2024
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Constellium (NYSE: CSTM) celebrates the 10th anniversary of its International Scientific Council (ISC) and welcomes Dr. Daniel Cooper of the University of Michigan as its newest member. The ISC has been instrumental in guiding Constellium's research and development efforts, addressing sustainability targets, and tackling challenges in materials science. Dr. Cooper's appointment aligns with Constellium's commitment to pioneering research and environmentally responsible solutions.
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Constellium SE reports Q3 2023 results with decreased shipments and revenue, but increased VAR and Adjusted EBITDA. Net income and Free Cash Flow also decreased compared to the same period last year. The company expects demand trends to continue through 2023 and remains confident in long-term targets.
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Constellium SE to announce third quarter 2023 results
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Constellium completes sale of three soft alloy extrusion facilities in Germany to Vaessen Aluminium for €48.8 million.
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Constellium receives ASI Performance Standard certification for its facilities in Muscle Shoals, Alabama, and Bowling Green, Kentucky.
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FAQ
What is the current stock price of Constellium SE (CSTM)?
The current stock price of Constellium SE (CSTM) is $12.29 as of November 22, 2024.
What is the market cap of Constellium SE (CSTM)?
The market cap of Constellium SE (CSTM) is approximately 1.8B.
What does Constellium SE do?
Constellium SE designs and manufactures rolled and extruded aluminum products for various markets, including aerospace, automotive, and packaging.
How many employees does Constellium have?
Constellium employs over 12,000 people globally.
What are the main segments of Constellium's business?
Constellium's business is divided into three segments: Packaging & Automotive Rolled Products, Aerospace & Transportation, and Automotive Structures & Industry.
What were Constellium's financial results for 2023?
In 2023, Constellium achieved a record Adjusted EBITDA of €713 million and generated Free Cash Flow of €170 million.
What is Constellium's strategy for future growth?
Constellium plans to increase shareholder value through strategic initiatives, a share repurchase program, and targeted Adjusted EBITDA of over €800 million by 2025.
How does Constellium address sustainability?
Constellium focuses on creating value-added, recyclable aluminum solutions that meet the evolving needs of its customers while promoting sustainability.
Where are Constellium's manufacturing facilities located?
Constellium's manufacturing facilities are located in Europe and North America.
What challenges did Constellium face in 2023?
Constellium faced significant inflationary pressures and demand headwinds in several end markets during 2023.
What is Constellium's outlook for 2024?
For 2024, Constellium expects strong aerospace demand, modest growth in canstock demand, and healthy automotive demand, while continuing to manage inflationary pressures.
What is metal price lag in Constellium's financial reporting?
Metal price lag represents the financial impact of the timing difference between when aluminum prices included within Constellium's revenue are established and when aluminum purchase prices included in cost of sales are established.
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