CONSTELLIUM (CSTM) Company Report

Constellium reported strong Q4 2025 Adjusted EBITDA, with the P&ARP segment achieving a new quarterly record of $136 million, and its full-year 2025 Adjusted EBITDA (excluding metal price lag) marking its second-best year ever.
The company provided a positive outlook for 2026, targeting Adjusted EBITDA (excluding metal price lag) in the range of $780 million to $820 million and free cash flow in excess of $200 million.
Constellium reiterated its 2028 targets of $900 million in Adjusted EBITDA and $300 million in free cash flow, supported by the newly announced "Vision 2028" program focused on operational efficiencies and cost reduction.
In 2025, the company returned $115 million to shareholders through the repurchase of 8.9 million shares and reduced its leverage to 2.5x by year-end.

Feb 18, 2026, 3:00 PM

Transcript

Constellium Reports Strong Q4 and Full-Year 2025 Results, Provides 2026 Guidance and 2028 Targets

CSTM

Earnings

Guidance Update

Share Buyback

Constellium reported strong Q4 2025 Adjusted EBITDA for its A&T segment at $83 million (up 43%) and PARP segment at a record $136 million (up 143%), contributing to a full-year 2025 Adjusted EBITDA (excluding metal price lag) that was its second-best year ever.
The company generated $178 million in Free Cash Flow for 2025 and expects to generate in excess of $200 million in 2026. Additionally, it repurchased 8.9 million shares for $115 million in 2025 and plans to complete the remaining $106 million on its share repurchase program in 2026.
For 2026, Constellium is targeting Adjusted EBITDA (excluding metal price lag) in the range of $780 million-$820 million. The company also announced "Vision 2028," a program aimed at operational efficiencies and cost reduction to support its 2028 targets of $900 million Adjusted EBITDA and $300 million Free Cash Flow.

Feb 18, 2026, 3:00 PM

Transcript

Constellium Reports Strong Q4 and Full-Year 2025 Results, Provides 2026 Guidance

CSTM

Earnings

Guidance Update

Share Buyback

Constellium reported Q4 2025 revenue of $2.2 billion and Adjusted EBITDA of $280 million, contributing to full-year 2025 revenue of $8.4 billion and Adjusted EBITDA of $846 million.
The company generated $110 million in Free Cash Flow for Q4 2025 and $178 million for the full year 2025.
Constellium returned $115 million to shareholders in 2025 through the repurchase of 8.9 million shares of company stock.
Leverage stood at 2.5x at December 31, 2025, which is at the upper end of their target range of 1.5x to 2.5x.
For 2026, Constellium provided guidance for Adjusted EBITDA between $780 million and $820 million and Free Cash Flow of >$200 million.

Feb 18, 2026, 3:00 PM

Presentation

Constellium Reports Strong Q4 and Full-Year 2025 Results, Provides 2026 Guidance and 2028 Targets

CSTM

Earnings

Guidance Update

Share Buyback

Constellium delivered strong results in Q4 2025, with Adjusted EBITDA for its A&T segment increasing 43% to $83 million and PARP segment increasing 143% to $136 million compared to the prior year. For the full year 2025, Adjusted EBITDA for A&T was $339 million (up 16%) and PARP was $353 million (up 46%), and the company generated $178 million of Free Cash Flow.
The company repurchased 8.9 million shares for $115 million in 2025 and reduced its leverage to 2.5 times by year-end. Approximately $106 million remains on the existing share repurchase program.
For 2026, Constellium is targeting Adjusted EBITDA (excluding metal price lag) between $780 million and $820 million and Free Cash Flow in excess of $200 million.
Constellium also reiterated its 2028 targets of $900 million in Adjusted EBITDA (excluding metal price lag) and $300 million in Free Cash Flow, supported by the new Vision 2028 program focused on operational efficiencies and cost reduction.

Feb 18, 2026, 3:00 PM

Transcript

Constellium Reports Strong Q4 and Full Year 2025 Results, Provides 2026 Guidance

CSTM

Earnings

Guidance Update

Share Buyback

Constellium reported strong Q4 2025 results with revenue of $2.2 billion, an increase of 28% compared to Q4 2024, and net income of $113 million, compared to a net loss of $47 million in Q4 2024.
For the full year 2025, the company achieved revenue of $8.4 billion, up 15% from 2024, and Adjusted EBITDA of $846 million, a 36% increase over 2024.
Constellium generated Free Cash Flow of $178 million in 2025 and repurchased 8.9 million shares for $115 million during the year, reducing its leverage to 2.5x at December 31, 2025.
The company provided full year 2026 guidance, expecting Adjusted EBITDA (excluding the non-cash impact of metal price lag) to be in the range of $780 million to $820 million and Free Cash Flow in excess of $200 million.

Feb 18, 2026, 11:06 AM

8-K

Constellium Inaugurates New Finishing Lines at Singen Plant

CSTM

New Projects/Investments

Product Launch

Constellium SE has successfully started up and inaugurated new finishing lines at its Singen plant in Germany, marking the completion of a €30 million investment announced in 2024.
This project, undertaken in partnership with Lotte Infracell, is designed to supply high-quality aluminum foilstock for battery applications in Europe.
The new facility, which began official production in November 2025, features state-of-the-art edge trimming and packing lines and includes a solar power system expected to generate approximately 760,000 kWh of renewable energy annually.
This investment reinforces Constellium's strategic role in supporting the transition to e-mobility and sustainable energy applications.

Dec 3, 2025, 9:00 AM

Press Release

Constellium Announces Strong Q3 2025 Results and Reaffirms 2025 Guidance

CSTM

Earnings

Guidance Update

Share Buyback

Constellium reported Q3 2025 revenue of $2.2 billion, a 20% year-over-year increase, with net income of $88 million and Adjusted EBITDA of $235 million.
The company generated $30 million in Free Cash Flow during Q3 2025 and repurchased 1.7 million shares for $25 million.
Leverage stood at 3.1x as of September 30, 2025, with an expectation to be below 3.0x by the end of 2025 ,.
Constellium reaffirmed its 2025 Adjusted EBITDA guidance of $670 million to $690 million and Free Cash Flow guidance of >$120 million.

Oct 29, 2025, 2:00 PM

Presentation

Constellium Announces CEO Transition, Strong Q3 2025 Results, and Raised 2025 Guidance

CSTM

CEO Change

Earnings

Guidance Update

Constellium announced a leadership change, with the current CEO retiring on December 31, 2025, and Ingrid Joerg assuming the CEO role in 2026.
The company reported strong Q3 2025 financial results, including revenue of $2.2 billion (up 20% compared to Q3 2024) and a record adjusted EBITDA of $196 million (excluding metal price lag, up 50% compared to Q3 2024).
Constellium raised its 2025 adjusted EBITDA guidance (excluding metal price lag) to a range of $670 million to $690 million and reiterated its 2028 adjusted EBITDA target of $900 million.
The company returned $25 million to shareholders through the repurchase of 1.7 million shares in Q3 2025, reducing leverage to 3.1 times.
Market conditions show easing supply chain challenges in aerospace and healthy demand in packaging, while automotive markets remain weak in Europe and North America.

Oct 29, 2025, 2:00 PM

Transcript

Constellium Reports Strong Q3 2025 Results and Announces CEO Transition

CSTM

Earnings

CEO Change

Guidance Update

Constellium announced that CEO Jean-Marc Germain will retire on December 31, 2025, with Ingrid Joerg assuming the role of Chief Executive Officer in 2026.
For Q3 2025, the company reported $2.2 billion in revenue, an increase of 20% compared to Q3 2024, and net income of $88 million (compared to $8 million in Q3 2024). Adjusted EBITDA, excluding the non-cash impact of metal price lag, was $196 million, marking a 50% increase from the prior year.
Constellium raised its 2025 Adjusted EBITDA guidance to a range of $670 million to $690 million and maintained its free cash flow guidance in excess of $120 million for the full year.
The company repurchased 1.7 million shares for $25 million in Q3 2025, bringing the year-to-date total to 6.5 million shares for $75 million ,. Leverage at the end of the third quarter was 3.1 times.

Oct 29, 2025, 2:00 PM

Transcript

Constellium Reports Strong Q3 2025 Results, Announces CEO Transition, and Raises 2025 Adjusted EBITDA Guidance

CSTM

Earnings

CEO Change

Guidance Update

Constellium reported strong financial results for Q3 2025, with revenue of $2.2 billion, an increase of 20% compared to Q3 2024, and Adjusted EBITDA (excluding metal price lag) of $196 million, up 50% from Q3 2024, marking a new third-quarter record.
Jean-Marc Germain will retire as CEO on December 31, 2025, and Ingrid Joerg will assume the role of Chief Executive Officer in 2026.
The company raised its 2025 Adjusted EBITDA guidance (excluding the non-cash impact of metal price lag) to a range of $670 million-$690 million , while reaffirming its free cash flow guidance in excess of $120 million for the full year.
Constellium repurchased 1.7 million shares for $25 million during Q3 2025, contributing to a year-to-date total of 6.5 million shares for $75 million.
Leverage decreased to 3.1 times at the end of Q3 2025, down approximately half a turn from the peak in the previous quarter, and the company expects to be below 3 times by year-end.