Constellium reported solid results for the first quarter of 2025, with revenue increasing by 5% to $2.0 billion and net income rising to $38 million from $22 million in Q1 2024. Adjusted EBITDA reached $186 million, driven by stronger performance in the P&ARP segment and a positive metal price lag impact, despite lower shipments in A&T and AS&I segments and lingering impacts from a flood at Valais operations.
Shipments decreased by 2% to 372 thousand metric tons compared to Q1 2024.
Revenue increased by 5% to $2.0 billion, primarily due to higher metal prices.
Net income rose to $38 million from $22 million in Q1 2024, an increase of $16 million.
Adjusted EBITDA was $186 million, including a positive non-cash metal price lag impact of $46 million.
Constellium maintains its prior guidance for 2025, expecting Adjusted EBITDA to be in the range of $600 million to $630 million, excluding the non-cash impact of metal price lag, and Free Cash Flow in excess of $120 million. For 2028, the company expects Adjusted EBITDA of $900 million and Free Cash Flow of $300 million, excluding the non-cash impact of metal price lag.
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