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.
Constellium SE (CSTM) reported its Q4 2021 and full-year results, showing a strong end to 2021 despite challenges from COVID-19, inflation, and supply chain issues. Q4 shipments increased 3% to 385k metric tons, with revenue rising 37% to €1.7 billion. However, net income fell to €7 million from €26 million in Q4 2020. Full-year revenue reached €6.2 billion, a 26% increase, and net income improved to €262 million from a net loss of €17 million in 2020. The company expects adjusted EBITDA between €600M and €620M and free cash flow exceeding €150M in 2022.
Constellium (NYSE: CSTM) will hold a conference call on February 23, 2022, at 10 a.m. Eastern Daylight Time to discuss its fourth quarter and full year 2021 results. A press release will be issued prior to market opening. The call will feature CEO Jean-Marc Germain and CFO Peter Matt. Interested participants can access the call via various telephone numbers listed in the release, or join the webcast at this link. An archived recording will be available for three weeks on the company’s website.
Constellium (NYSE: CSTM) announced an Analyst Day on April 6, 2022, in Muscle Shoals, Alabama. This event invites analysts and institutional investors for presentations by the management team, followed by a tour of Constellium's recycling center and rolling facility. A live webcast will be available for attendees unable to join in person. Advanced registration is required due to limited space. Constellium is a leading global developer of aluminum products, generating €4.9 billion in revenue in 2020.
Constellium SE (CSTM) reported strong Q3 2021 results, with shipments of 395k metric tons up 12% YoY and revenues of €1.6 billion, a 35% increase from Q3 2020. Net income surged to €99 million compared to €20 million a year prior. Adjusted EBITDA rose 14% to €143 million. In YTD 2021, shipments totaled 1.2 million metric tons, with revenue reaching €4.4 billion, a 22% rise. Management projects 2021 Adjusted EBITDA of €550-560 million and positive Free Cash Flow over €125 million.
Constellium SE (NYSE: CSTM) announced its plan to redeem $200 million of its $500 million 5.875% Senior Notes due 2026. The redemption, set for November 25, 2021, will occur at a price of 101.469% plus accrued interest. This action follows the Indenture dated November 9, 2017, and aims to manage the company's debt obligations effectively. Constellium, which reported €4.9 billion in revenue for 2020, continues to position itself as a leader in innovative aluminum products across various markets, including aerospace and automotive.
Constellium will announce its third quarter 2021 results during a conference call on October 27 at 10 a.m. EDT. The call will be hosted by CEO Jean-Marc Germain and CFO Peter Matt.
The press release will precede market opening, and details will be accessible on the Constellium Investor Relations page. Participants can join via phone or access the live webcast. An archived recording will be available for three weeks on the company’s website. Constellium generated €4.9 billion in revenue in 2020, specializing in innovative aluminium products for various industries.
Constellium SE (NYSE: CSTM) announced its supply of aluminium structural components for the new all-electric Ford F-150 Lightning, set for release in Spring 2022. These components include critical structural parts such as the windshield header and radiator support. Constellium has been a key supplier for Ford, providing over 50 million components for their aluminium-intensive vehicles since 2015. The use of aluminium enhances vehicle safety and sustainability, aligning with Ford's environmental commitments.
Constellium SE (CSTM) reported strong Q2 2021 results, with shipments of 406k metric tons, a 31% increase from Q2 2020. Revenue soared to €1.5 billion, a 47% growth year-over-year, accompanied by a net income of €108 million, rebounding from a €32 million loss in Q2 2020. Adjusted EBITDA surged 110% to €170 million. For H1 2021, shipments reached 791k metric tons, revenue increased 16% to €2.9 billion, and net income was €156 million. The company raised its 2021 EBITDA guidance to €545-€560 million, citing robust demand across segments, except for aerospace.
Constellium SE (NYSE: CSTM) is set to announce its second quarter 2021 results during a conference call on July 28 at 9 a.m. EDT. The press release will be distributed prior to market opening. The call will be hosted by Jean-Marc Germain, CEO, and Peter Matt, CFO. Investors can access details on the Constellium Investor Relations page. Participants can join by phone or through a live webcast, with archived recordings available for three weeks post-event.
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