Finance
Constellium SE (NYSE: CSTM) ("Constellium" or the "Company") today reported results for the first quarter ended March 31, 2025.
First quarter 2025 highlights:
- Shipments of 372 thousand metric tons, down 2% compared to Q1 2024
- Revenue of $2.0 billion, up 5% compared to Q1 2024
- Net income of $38 million compared to net income of $22 million in Q1 2024
- Adjusted EBITDA of $186 million
- Includes positive non-cash metal price lag impact of $46 million
- Includes negative $10 million impact at Valais as a result of the flood
- Segment Adjusted EBITDA of $75 million at A&T, $60 million at P&ARP, $16 million at AS&I, and $(11) million at H&C
- A&T and AS&I results include negative impact at Valais as a result of the flood
- Cash from Operations of $58 million and Free Cash Flow of $(3) million
- Excludes $2 million of cash received for collection of deferred purchase price receivables
- Includes negative $27 million impact at Valais as the business continued to recover from the flood last year
- Repurchased 1.4 million shares of the Company stock for $15 million
- Leverage of 3.3x at March 31, 2025
Jean-Marc Germain, Constellium’s Chief Executive Officer said, “Constellium delivered solid results in the first quarter despite continued demand weakness across most of our end markets outside of packaging and some lingering impacts from the flood last year at our Valais operations. I am proud of our team for their relentless focus on cost reduction efforts and commercial and capital discipline in this uncertain environment. Free Cash Flow was negative $3 million in the quarter, which includes a negative $27 million impact at Valais as the business continued to recover from the flood last year. We repurchased 1.4 million shares for $15 million during the quarter, and we ended the quarter with leverage at 3.3x.”