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 (NYSE: CSTM) is a manufacturing company active in alumina refining and primary aluminum production and in the design and manufacture of rolled and extruded aluminum products. News about Constellium often focuses on its activities in aerospace, packaging, automotive and other transportation and industry markets, as well as its financial performance and strategic projects.
Investors following CSTM news can expect regular updates on quarterly and year-to-date results, including shipments, revenue, net income, Adjusted EBITDA, Segment Adjusted EBITDA and metal price lag. Earnings releases and related conference call announcements provide insight into demand trends across packaging, aerospace, automotive and industrial end markets, as well as commentary on costs, tariffs, foreign exchange and leverage.
Constellium’s news flow also highlights strategic investments and capacity expansions, such as the completion of new finishing lines at its Singen plant in Germany to supply aluminum foilstock for battery applications in Europe. These updates describe project execution, production capabilities, logistics enhancements and sustainability features like on-site solar power installations and safety systems.
Sector-specific news includes customer partnerships and awards in aerospace, such as the extension of its long-term agreement with Embraer for advanced aluminum solutions including Airware®, and recognition from Airbus’ Supply Chain & Quality Improvement Program for facilities in Issoire and Montreuil-Juigné. In automotive, Constellium communicates on collaborative research projects like CirConAl and FlexCAR, which involve low-carbon alloys, recycled content, crash management systems, battery enclosures and modular vehicle structures.
Governance and leadership developments, including the planned transition of the Chief Executive Officer role to Ingrid Joerg, are disclosed through press releases and Form 8‑K filings. For a consolidated view of these updates, the Constellium news page on Stock Titan aggregates company press releases, market-moving announcements and regulatory news so readers can monitor how operational, financial and strategic developments may influence CSTM over time.
Constellium SE (NYSE: CSTM) has announced a proposed private offering of approximately €300 million of euro denominated senior unsecured notes and $350 million of U.S. dollar denominated senior unsecured notes, both due 2032. The company plans to use the net proceeds, along with cash on hand, to redeem all of its outstanding 5.875% Senior Notes due 2026 and 4.250% Senior Notes due 2026. The new notes will be offered to qualified institutional buyers in the U.S. under Rule 144A and outside the U.S. under Regulation S. This offering is subject to market conditions and there is no guarantee of completion. The notes are not intended for retail investors in the EEA or UK.
Constellium's (NYSE: CSTM) Muscle Shoals facility in Alabama has been awarded a $23 million grant from the U.S. Department of Defense (DoD) to rebuild its Direct Chill aluminium casting center. The funding, provided under the Defense Production Act, will be used to install state-of-the-art casting equipment, potentially adding up to 300 million pounds of annual casting capacity.
This investment aims to increase recycled input, reduce primary metal use, and provide an additional domestic source of aluminium rolling ingot for the U.S. industrial base. The expansion is expected to help meet growing demand for flat rolled aluminium products across multiple industries, including defense, aerospace, automotive, and packaging.
Constellium SE (NYSE: CSTM) reported Q2 2024 results with shipments down 5% to 378k metric tons and revenue down 8% to €1.8 billion compared to Q2 2023. Net income increased to €71 million from €32 million in Q2 2023. Adjusted EBITDA rose to €214 million, including a €42 million non-cash metal price lag impact.
For H1 2024, shipments decreased 4% to 758k metric tons, revenue fell 10% to €3.5 billion, and net income increased to €88 million from €54 million in H1 2023. The company faced challenges including weaker market conditions and severe flooding in Switzerland, leading to a pause in 2024 guidance. Despite near-term challenges, Constellium remains confident in achieving its 2025 Adjusted EBITDA target of over €800 million, excluding metal price lag impact.
Constellium SE (NYSE: CSTM) has signed a long-term agreement with Lotte Infracell to supply foilstock for battery applications in Europe. This partnership underscores Constellium's commitment to the growing electric vehicle (EV) market. With Lotte Infracell's financial support, Constellium plans to invest €30 million in new finishing lines at its Singen facility in Germany, enhancing production capacity and creating 20 new jobs.
The investment aims to strengthen Constellium Singen's position in the aluminium automotive specialties market. Aluminium's properties, including lighter weight, conductivity, and chemical stability, make it advantageous for large-scale production of EV batteries. This collaboration ensures a reliable supply of high-quality foilstock for Lotte's battery applications, supporting the rapid growth of the EV market in Europe.
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.
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.
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.
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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