Sean Wondrack of Deutsche Bank asked if Constellium anticipates any financial impact from the "big beautiful bill."
CFO Jack Guo responded that the company is currently assessing the legislation but does not anticipate a significant impact on its financial results for the current year.
Sean Wondrack of Deutsche Bank questioned the company's comfort level with its debt, whether a formal net leverage target exists, and if there was any preliminary outlook on CapEx for the upcoming year.
SVP & CFO Russell Waller explained that the company aims to delever over time, viewing the current leverage ratio as too high. He reiterated a historical target of under 2.0x net leverage, with a longer-term goal of 1.0x or less, while balancing investment in assets. He deferred on CapEx, stating that detailed 2025 guidance would be provided early next year.