Constellium Se Stock Price, News & Analysis

Constellium (NYSE: CSTM) has filed its annual report on Form 20-F for the fiscal year ending December 31, 2020, with the U.S. Securities and Exchange Commission. This report details the company’s operations and financial performance, highlighting a revenue of €4.9 billion for the year. The 2020 Form 20-F is accessible on both Constellium's website and the SEC’s website, with hard copies of the audited financial statements available for shareholders upon request.

Constellium (NYSE: CSTM), a key supplier for NASA's Space Launch System and Orion spacecraft, recently met with Members of Congress to advocate for suppliers nationwide. The company highlighted its role in supporting over 18,000 jobs across all 50 states in the Artemis program, aimed at returning humans to the Moon and venturing to Mars. Constellium manufactures innovative aluminum-lithium alloy solutions at its Ravenswood, West Virginia facility, contributing to the performance of essential space modules. In 2020, Constellium generated €4.9 billion in revenue.

Constellium SE (NYSE: CSTM) reported Q4 2020 shipments of 374K metric tons, a 2% increase year-over-year, with revenues of €1.2 billion, down 9%. Net income rose to €26 million, compared to €22 million in Q4 2019. For the full year, shipments fell 10% to 1.4 million metric tons, with revenues down 17% to €4.9 billion and a net loss of €17 million versus €64 million profit in 2019. Adjusted EBITDA declined both quarterly and annually. The company is optimistic for 2021, targeting over €100 million in Free Cash Flow despite ongoing macroeconomic uncertainty.

Constellium SE (NYSE: CSTM) has announced the successful settlement of its cash tender offer for all of its outstanding 6.625% Senior Notes due 2025, which closed on February 24, 2021. The tender offer, which expired on February 19, resulted in $165,681,000 of the Notes being validly tendered. The company will also redeem any remaining unpurchased Notes at a price of 101.656% plus accrued interest on March 11, 2021. This tender offer coincided with a $500 million offering of new 3.750% Sustainability-Linked Senior Notes due 2029.

Constellium (NYSE: CSTM) announced a cash tender offer to purchase all of its outstanding 6.625% Senior Notes due 2025, totaling $650 million. The offer expires on February 19, 2021, with a settlement date expected on February 24, 2021. The tender offer will require financing through an offering of unsecured notes. Holders of the notes can withdraw their tenders by the specified deadlines. The company also plans to redeem all outstanding notes at 101.656% of the principal amount on March 11, 2021, subject to certain conditions.

Constellium SE (NYSE: CSTM) announced preliminary fourth quarter 2020 results, indicating shipments of about 374 thousand tons, a 2% increase year-over-year. Revenue is projected between €1.24 billion and €1.25 billion, reflecting a 9% decline from Q4 2019. The income before tax is expected to range from €11 million to €29 million, while adjusted EBITDA is anticipated between €106 million and €116 million, representing a decrease of 4% to 12%. Net cash flow from operating activities is estimated at €327 million to €337 million for 2020, with free cash flow of €150 million to €160 million.

A conference call to discuss the results will take place on February 25, 2021.

Constellium (NYSE: CSTM) announced plans to enhance its recycling capacity in Europe, aiming to add at least 60 kt of annual capacity. This initiative supports its automotive and packaging sectors, reflecting its commitment to sustainability and ESG objectives. The project is expected to rely on recycled aluminium, which significantly reduces energy consumption and CO₂ emissions. Finalization of the project scope is anticipated by the end of 2021, with production set to begin within two years post-construction. Constellium generated €5.9 billion in revenue in 2019.