Constellium reported Q1 2025 results, with revenue up 5% and Adjusted EBITDA at $186 million.

From GlobeNewswire: 2025-04-30 06:00:00

Constellium SE reported first quarter 2025 results, including 372 thousand metric tons in shipments (down 2% from Q1 2024), revenue of $2.0 billion (up 5% from Q1 2024), net income of $38 million, and Adjusted EBITDA of $186 million. Segment results showed Adjusted EBITDA of $75 million at A&T, $60 million at P&ARP, $16 million at AS&I, and $(11) million at H&C.

Despite demand weakness in most end markets, Constellium’s CEO, Jean-Marc Germain, praised the team for cost reduction efforts. Free Cash Flow was negative $3 million, impacted by flood recovery at Valais. Maintaining 2025 guidance with Adjusted EBITDA expected at $600-630 million and Free Cash Flow over $120 million. Long-term target includes Adjusted EBITDA of $900 million and Free Cash Flow of $300 million in 2028.

For Q1 2025, segment results showed decreases in shipments and revenue in A&T and AS&I segments, offset by increases in P&ARP segment. Metal price lag positively impacted earnings due to rising aluminum prices. Net income increased to $38 million, Adjusted EBITDA rose to $186 million, and Free Cash Flow improved to $(3) million.

Free Cash Flow for Q1 2025 was $(3) million, up from $(30) million in Q1 2024, due to changes in working capital and lower capital expenditures. Cash flow from operations was $58 million, up from $37 million in Q1 2024. Liquidity at March 31, 2025, was $800 million, with net debt at $1,826 million.

Non-GAAP measures like Adjusted EBITDA, Free Cash Flow, and Net debt were used to assess Constellium’s financial performance. Adjusted EBITDA excludes non-recurring items, Free Cash Flow considers cash generation, and Net debt reflects indebtedness. These metrics help investors understand the company’s operations and financial health.



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