Constellium Reports Record Q2 Earnings Amid Strong Aerospace Demand
Constellium SE (NYSE:CSTM) reported record second-quarter adjusted EBITDA of $310 million, excluding a non-cash metal-price-lag benefit, marking an 88% year-over-year increase. Revenue rose to $2.7 billion as higher revenue per ton and favorable recycling conditions contributed positively. The company raised its full-year 2026 adjusted EBITDA forecast to between $980 million and $1.02 billion and increased its free-cash-flow target, suggesting it may meet 2028 goals two years early. The results were driven by strong aerospace demand and supply constraints in North American automotive aluminum products. Management noted some seasonal softness expected for the second half of the year but remains optimistic about continued strength in aerospace due to aircraft backlogs. CEO Ingrid Joerg highlighted that performance exceeded expectations despite macroeconomic uncertainties, with improved financial outcomes across all operating segments. Segment-wise results showed significant gains: A&T adjusted EBITDA hit a record $135 million on increased shipments and pricing improvements; P&ARP reached $165 million due to favorable costs from recycling and higher metal prices. The AS&I segment also saw growth, with adjusted EBITDA rising 44%.
Tickers: $CSTM