Q2 2025 Constellium SE Earnings Call Transcript
Key Points
- Constellium SE (CSTM) reported a 9% increase in revenue to $2.1 billion compared to the second quarter of 2024, driven by higher shipments and favorable price and mix.
- The company achieved strong free cash flow of $41 million in the quarter, with a year-to-date total of $38 million.
- Packaging shipments increased by 14% in the quarter, reflecting healthy demand in both North America and Europe.
- Constellium SE (CSTM) raised its guidance for 2025, targeting adjusted EBITDA excluding metal price lag in the range of $620 million to $650 million.
- The company successfully returned $35 million to shareholders through the repurchase of 3.4 million shares during the quarter.
- Net income decreased to $36 million in the quarter, compared to $77 million in the second quarter of the previous year.
- Adjusted EBITDA decreased to $146 million, impacted by a negative noncash impact from metal price lag of $13 million.
- Automotive shipments decreased by 14% in the quarter, with weakness in both North America and Europe.
- The aerospace segment faced a 12% decline in shipments due to excess inventory and supply chain challenges.
- Leverage increased to 3.6 times at the end of the quarter, up from the end of 2024, though it is expected to trend down as the year progresses.
Good morning, or good afternoon all. Welcome to the Constellium second quarter 2025 earnings call. My name is Adam, and I'll be your operator today. (Operator Instructions)
I will now hand the floor to Jason Hershiser, Director of Investor Relations to begin. So Jason, please go ahead when you're ready.
Thank you Adam. I would like to welcome everyone to our second 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 1995. Such statements include statements
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