Q1 2025 Constellium SE Earnings Call Transcript
Key Points
- Constellium SE (CSTM) reported a strong safety performance with a recordable case rate of 1.02 per million hours worked.
- Revenue increased by 5% to $2 billion compared to the first quarter of 2024, driven by higher metal prices.
- Net income rose to $38 million, up from $22 million in the first quarter of the previous year.
- The company generated a positive free cash flow of $3 billion, aligning with expectations.
- Constellium SE (CSTM) successfully resumed normal operations at its Valais site, which had been impacted by a flood, resulting in a lower cost structure.
- Shipments decreased by 2% to 372,000 tons compared to the first quarter of 2024, due to lower shipments in A&T and AS&I segments.
- Adjusted EBITDA, excluding metal price lag, was $140 million, down from $160 million in the previous year.
- The company faced a foreign exchange headwind of $4 million and a negative impact of $10 million from the Valais flood.
- The automotive segment experienced a 15% decrease in shipments due to weakness in both North America and Europe.
- The aerospace segment faced a 14% decrease in adjusted EBITDA due to lower shipments and continued supply chain challenges.
Good morning or good afternoon all. Welcome to the Constellium first quarter 2025 Results school. My name is Adam, and I'll be operator today. (Operator Instructions).
I will now hand over to Jason Hershiser, Director of Investor Relations to begin. So Jason, please go ahead.
Thank you, Adam. I would like to welcome everyone to our first quarter 2025 earnings call. On the call today, we have our Chief Executive Officer, Jean-Marc Germain; and our Chief Financial Officer, Jack Guo. After the presentation, we will have a Q&A session. A copy of the slide presentation for today's call is available on our website at constellium.com, and today's call is being recorded.
Before we begin, I'd like to encourage everyone to visit the company's website and take a look at our recent filings. Today's call may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1,995.
Such statements include statements regarding the company's
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
