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Constellium SE - CSTM STOCK NEWS

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) has announced it will release its second quarter 2024 results on Tuesday, July 23, 2024. The company will host a conference call and webcast at 09:00 AM Eastern Time to discuss the results. The press release will be issued before the market opens.

The conference call will be led by Jean-Marc Germain, CEO, and Jack Guo, Senior VP and CFO. Investors can access the webcast live at a provided link, and dial-in numbers for various countries are available for those wishing to participate by telephone. An archived recording of the call will be accessible on the company's website for three weeks following the event.

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Constellium SE (NYSE: CSTM) has successfully completed its first industrial-scale hydrogen casting at its primary R&D center, C-TEC. The casting was performed in a 12-ton furnace using strict internal procedures and quality monitoring, including Batscan™ technology. No quality impact from hydrogen combustion on the metal was observed.

The 12-ton aluminium slab produced will be processed at Constellium's Neuf-Brisach site in France for use in electric vehicles. This milestone is part of Constellium's efforts to decarbonize its industrial activities by exploring hydrogen as a substitute for natural gas. The company is also involved in various projects, including the EU-funded HyInHeat initiative, and is exploring alternative decarbonization technologies such as direct electrification solutions.

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Constellium (NYSE: CSTM) announced that its facilities in Sierre and Chippis, Switzerland, have been affected by severe flooding from the Rhone River, leading to a complete suspension of operations. Fortunately, all employees are safe. Cleaning operations have commenced with local authority support, but the extent of the damage and the timeline for resuming production remain uncertain. Constellium is working with customers and suppliers to mitigate the impact and optimize capacity across its operations. The company will provide further updates as more details emerge.

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Constellium SE announced the voting results from its Annual General Meeting (AGM) held on May 2, 2024.

All proposals were adopted, including the re-appointment of Jean-Christophe Deslarzes, Isabelle Boccon-Gibod, and Jean-Philippe Puig to the Board of Directors for another three years.

Additionally, Jean-Francois Verdier and Wiebke Weiler were re-appointed as employee directors for a three-year term, extending their service until the AGM in 2027.

The results have been published on the company's website.

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Constellium SE (NYSE: CSTM) reported first quarter 2024 results, with highlights including 380 thousand metric tons in shipments (down 2% from Q1 2023), €1.7 billion in revenue (down 12% from Q1 2023), net income of €17 million, and adjusted EBITDA of €137 million. The company also repurchased 330 thousand shares for $6.9 million and ended the quarter with leverage at 2.4x.
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Constellium SE (CSTM) releases notice and agenda for its Annual General Meeting of Shareholders on May 2, 2024.
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Constellium SE (NYSE: CSTM) partners with PyroGenesis Canada Inc. to test plasma torch technology for decarbonization. The technology aims to reduce direct emissions by three times compared to the current benchmark, offering a faster, more efficient, and environmentally friendly alternative. Successful laboratory trials have led to a planned scale-up to a full-size furnace at Constellium's casthouses.
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Constellium SE (CSTM) will host a conference call and webcast on Wednesday, April 24, 2024, to announce its first quarter 2024 results. The call will be led by CEO Jean-Marc Germain and CFO Jack Guo. Details for participation are provided in the press release.
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Constellium SE announces a $75 million investment in its Ravenswood facility by the U.S. Department of Energy to implement low-to-no emissions technologies, supporting decarbonization and worker safety. The project aims to reduce carbon emissions, maximize recycled scrap intake, and improve worker safety. The investment will also benefit local communities with new training and wellness centers, childcare facilities, and resources for schools and universities.
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Constellium SE (CSTM) releases its 2023 Sustainability Report, showcasing its commitment to sustainability, safety, gender diversity, recycling, climate change, and community engagement. Despite challenges, the company excels in safety, progresses in diversity goals, increases recycled input, and addresses climate change with industry-leading initiatives.
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FAQ

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.

Constellium SE

NYSE:CSTM

CSTM Rankings

CSTM Stock Data

2.73B
144.30M
1.53%
94.59%
2.24%
Alumina Refining and Primary Aluminum Production
Manufacturing
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United States of America
Paris