Constellium Se Stock Price, News & Analysis

Constellium SE (NYSE: CSTM) reported Q1 2021 results showing a 2% decline in shipments to 385k metric tons and a 7% decrease in revenue to €1.3 billion compared to Q1 2020. Despite this, the company achieved a net income of €48 million, a turnaround from a net loss of €31 million in the previous year. Adjusted EBITDA fell 18% to €121 million. Strong cost control and improved demand in specific segments, particularly Automotive Structures & Industry, provided some offset. The company anticipates an Adjusted EBITDA guidance of €510 million to €530 million for 2021.

Constellium SE (NYSE: CSTM) announced that the notice and agenda for its Annual General Meeting of Shareholders will take place on May 11, 2021, at 16:00 CET (10:00 AM EDT). Shareholder documentation is available on the company's website and can be obtained free of charge by contacting the Corporate Secretary. In 2020, Constellium generated €4.9 billion in revenue, positioning itself as a leader in value-added aluminium products across aerospace, automotive, and packaging markets.

Constellium (NYSE: CSTM) will host a conference call and webcast on April 28, 2021, at 11 a.m. EDT to present its first quarter results. The announcement will precede market opening. The call will be led by CEO Jean-Marc Germain and CFO Peter Matt. Investors can access the call via telephone or through a live webcast available on the company’s Investor Relations page. A recording will be archived for three weeks post-event. Constellium reported revenue of €4.9 billion in 2020, specializing in innovative aluminum products for various industries.

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.