NYSE$CSTM

Constellium Se · Q4 2024 earnings

Q4 2024 earnings · · Before market open · Investor relations

Briefing

Constellium reported a net loss due to weaker segment results and a flood impact, partially offset by metal price lag.

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.

Headline financials

Total Revenue

$1.72B

Previous: $1.73B-0.8%
EPS (adj)

-$0.34

Previous: $0.07-553.3%
Adjusted EBITDA

$125M

No prior period
Metal Price Lag

$25M

No prior period
Total Segment Adj. EBITDA

$100M

No prior period
Cash from Operations

$61M

No prior period
Capital Expenditures

-$141M

Previous: -$134M-5.6%
Net Income

-$47M

Previous: $10.8M-537.0%
Operating Income

-$18M

Previous: $88.2M-120.4%
Gross Profit

$131M

Previous: $191M-31.6%
R&D Expense

$10M

Previous: $16.1M-38.0%

Revenue & EPS history

Constellium · Revenue · Quarterly

$1.72B

Q4 2024-0.8%vs Q4 2023
Beat estimate in 10 of 14 quarters(71%)
ActualEstimate

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.

Tailwinds

  • 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.

Headwinds

  • 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.
  • The exact impact from the recently announced tariffs and any future tariff actions in the U.S. is too early to tell.
  • Outlook does not include any potential impacts from tariffs and international trade situation.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2024

Historical avgQ4 2024

+3.3%

Avg return

Earnings day

+2.4%

Avg return

5 days after

+2.9%

Avg return

30 days after

65%

28 / 43 earnings

Positive

+57.8%

Q3 2015

Best reaction

-47.3%

Q2 2015

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+3.6%-0.8%+10.3%
Q4 2025+9.6%+8.4%-4.4%
Q3 2025-3.7%-4.1%-0.6%
Q2 2025+5.5%-5.1%+4.3%
Q1 2025+5.4%+15.1%+26.6%
Q4 2024+14.2%+26.1%+25.1%
Q3 2024-27.3%-20.4%-17.7%
Q1 2024-4.5%-3.0%+1.5%
Q4 2023+5.6%+4.4%+12.6%
Q3 2023-4.1%-2.1%+7.5%
Q2 2023+6.1%+7.1%-5.0%
Q1 2023+6.7%+5.1%+12.9%
Q4 2022+17.7%+11.8%-0.3%
Q3 2022-13.9%-14.7%-6.3%
Q2 2022+1.9%+2.6%-0.9%
Q1 2022+6.5%+4.9%+6.7%
Q4 2021+3.8%+2.3%-3.9%
Q3 2021+8.9%+7.1%+2.7%
Q2 2021+6.1%+2.4%+10.6%
Q1 2021-2.5%-5.2%+9.8%
Q4 2020-7.0%+1.1%+6.0%
Q3 2020-4.2%-10.0%+30.7%
Q2 2020-4.2%-3.8%-16.7%
Q1 2020+15.5%+7.0%+22.2%
Q4 2019+18.2%+5.3%-66.1%
Q3 2019-12.0%-5.8%-6.4%
Q2 2019+21.4%+23.6%+6.6%
Q1 2019+3.1%+0.9%-5.0%
Q4 2018-1.4%+3.1%-10.4%
Q3 2018+4.8%+1.8%-12.6%
Q2 2018+12.2%+15.8%+1.4%
Q1 2018+5.0%+0.5%+9.0%
Q4 2017+7.0%-1.6%-12.7%
Q3 2017+16.8%+7.7%-1.9%
Q2 2017+0.0%+1.8%+25.6%
Q1 2017+11.2%+13.6%+6.4%
Q4 2016-9.9%-17.1%-21.1%
Q3 2016+7.0%+8.8%+15.8%
Q2 2016+2.4%+0.4%+50.2%
Q1 2016-7.3%
Q3 2015+57.8%
Q2 2015-47.3%
Q3 2013+5.7%
Q1 2013
Q4 2012
Q3 2012
Q2 2012
Q1 2012

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