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Dec 31, 2024
Constellium Q4 2024 Earnings Report
Constellium reported a net loss due to weaker segment results and a flood impact, partially offset by metal price lag.
Key Takeaways
Constellium SE reported Q4 2024 results, revealing a decrease in shipments and revenue compared to Q4 2023. The company experienced a net loss of $47 million, a significant downturn from the net income of $5 million in the same quarter last year. Adjusted EBITDA also decreased to $125 million, influenced by weaker segment performances and a $15 million impact from flooding at Valais, though partially offset by a favorable change in the non-cash metal price lag impact.
Shipments decreased by 2% to 328 thousand metric tons compared to Q4 2023.
Revenue decreased by 1% to $1,721 million compared to Q4 2023.
Net loss was $47 million, compared to a net income of $5 million in Q4 2023.
Adjusted EBITDA was $125 million, including a negative $15 million impact from the Valais flood and a positive $27 million non-cash metal price lag impact.
Revenue by Segment
Forward Guidance
Constellium anticipates global economic conditions to remain challenging at the start of 2025. The company expects 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 in 2025. By 2028, the company aims to achieve Adjusted EBITDA of $900 million and Free Cash Flow of $300 million.
Positive Outlook
- Aerospace demand has stabilized.
- Packaging demand remains healthy in North America and Europe.
- Expects Adjusted EBITDA to be in the range of $600 million to $630 million in 2025.
- Expects Free Cash Flow in excess of $120 million in 2025.
- Aims to achieve Adjusted EBITDA of $900 million by 2028.
Challenges Ahead
- Global economic conditions are expected to remain challenging to start the year.
- Commercial aerospace OEMs continue to deal with supply chain challenges.
- Automotive and industrial markets remain challenging in both North America and Europe.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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