France's Constellium Q2 profit surges on higher metal prices

Constellium SE

29/07/2026 11:19

Overview
France aluminum products maker's Q2 revenue rose 31% yr/yr on higher prices, despite lower shipments
Q2 net income and adjusted EBITDA more than tripled from a year earlier
Company repurchased $20 mln in shares and raised 2026 adjusted EBITDA and free cash flow guidance

Outlook
Constellium raises 2026 Adjusted EBITDA guidance to $980 mln-$1.02 bln, excluding metal price lag
Company expects 2026 Free Cash Flow in excess of $300 mln
Company cites improved aerospace, transportation and recycling markets but notes ongoing macroeconomic volatility

Result Drivers
HIGHER METAL PRICES - Revenue growth was mainly driven by higher revenue per ton, including higher metal prices, partially offset by lower shipments
SEGMENT PERFORMANCE - Stronger results in all operating segments, with record quarterly segment adjusted EBITDA at A&T and P&ARP, helped boost overall profitability
POSITIVE METAL PRICE LAG - Adjusted EBITDA benefited from a favorable non-cash metal price lag impact

Company press release: ID:nGNXbwG298

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
$2.75 bln
 
Q2 Net Income
 
$148 mln
 
Q2 Adjusted EBITDA
 
$439 mln
 
Q2 Free Cash Flow
 
$90 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 12 three months ago

Reuters Recommended Reads
July 27 - LME aluminium stocks fall to lowest this century as supply tightness hits
July 28 - Rio Tinto half-year adjusted net income beats estimates on higher gold prices and productivity improvements 
July 28 - UK's Bodycote H1 revenue rises on aerospace demand

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)