Constellium SE Reports Record Q2 EBITDA Amid Strong Operational Performance
Constellium SE reported record Adjusted EBITDA of $310 million for the second quarter of 2026, driven by strong operational execution and favorable market conditions in Aerospace and Transportation & Industrial (TID). The company capitalized on supply chain disruptions caused by a competitor's facility fire to shift production toward higher-value products. Improved scrap spreads and recycling productivity across North America and Europe were highlighted as key competitive advantages. Constellium raised its full-year 2026 Adjusted EBITDA guidance to EUR 980 million–EUR 1.02 billion, achieving strategic targets two years ahead of schedule. The company expects Free Cash Flow to exceed EUR 300 million for the year and anticipates a new aerospace production facility in Issoire coming online by 2027. Management also noted that recycling benefits are expected to taper off as market conditions stabilize. Operational risks include inflationary pressures from Middle East tensions, though these impacts are considered manageable due to hedged energy costs. The company partially redeemed EUR 100 million in senior notes and maintained a leverage ratio of 1.8x.
Tickers: $CSTM
Topics: adjusted_ebitda aerospace_growth guidance_update recycling_advantage