Constellium (NYSE:CSTM) Announces Quarterly Earnings Results

Constellium (NYSE:CSTM) posted its earnings results on Wednesday. The industrial products company reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.80, FiscalAI reports. Constellium had a net margin of 4.87% and a return on equity of 49.56%. The business had revenue of $2.46 billion for the quarter, compared to analysts’ expectations of $2.45 billion. During the same period in the prior year, the company posted $0.26 EPS. The business’s revenue for the quarter was up 24.4% compared to the same quarter last year.

Here are the key takeaways from Constellium’s conference call:

• Record quarterly Adjusted EBITDA: Q1 Adjusted EBITDA was $359M (includes a $97M non‑cash metal price lag); excluding that lag the company delivered a record $262M and raised 2026 Adjusted EBITDA guidance (ex‑lag) to $900M–$940M.
• Stronger free cash flow and shareholder returns: Q1 free cash flow was €5M but management now guides FCF >€275M for 2026, increased CapEx to €330M, and continues buybacks (€28M repurchased in Q1) under a new €300M repurchase program.
• Results benefited materially from favorable North American scrap and metal dynamics and a positive metal price lag; management warns these metal/scrap conditions are volatile, a portion of 2H scrap remains uncontracted, and Middle East conflict could add inflationary cost pressure.
• Positive end‑market positioning and capacity investments: management sees durable demand in aerospace, packaging and TID, is investing in recycling/casting and aerospace capacity (Issoire, Muscle Shoals, Ravenswood), and reiterates 2028 targets (Adj. EBITDA ex‑lag €900M, FCF €300M).
• Healthy balance sheet and liquidity: net debt $1.8B, leverage 2.2x (within 1.5–2.5x target), liquidity ~$904M and no bond maturities until 2028, with management expecting leverage to trend lower in 2026.

Constellium Price Performance

Shares of Constellium stock traded up $1.02 on Friday, hitting $32.30. 1,845,592 shares of the company traded hands, compared to its average volume of 2,208,605. The firm’s 50-day simple moving average is $27.02 and its 200 day simple moving average is $21.84. The company has a current ratio of 1.29, a quick ratio of 0.51 and a debt-to-equity ratio of 1.96. The company has a market cap of $4.40 billion, a P/E ratio of 10.46 and a beta of 1.43. Constellium has a 12-month low of $10.67 and a 12-month high of $33.69.

Constellium announced that its board has authorized a stock buyback plan on Thursday, March 12th that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the industrial products company to buy up to 8.8% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

CSTM has been the topic of several recent analyst reports. Wells Fargo & Company increased their target price on shares of Constellium from $35.00 to $39.00 and gave the stock an “overweight” rating in a research note on Thursday. Zacks Research cut shares of Constellium from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. BMO Capital Markets set a $32.00 target price on shares of Constellium and gave the stock an “outperform” rating in a research note on Thursday, April 9th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $34.00 target price (up from $30.00) on shares of Constellium in a research note on Thursday. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $40.00 target price on shares of Constellium in a research note on Thursday. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Constellium presently has an average rating of “Moderate Buy” and a consensus target price of $36.25.

Insider Activity

In related news, SVP Marcus Becker sold 1,113 shares of Constellium stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $25.87, for a total value of $28,793.31. Following the transaction, the senior vice president owned 33,237 shares in the company, valued at $859,841.19. This trade represents a 3.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jack Q. Guo sold 41,717 shares of Constellium stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $25.87, for a total transaction of $1,079,218.79. Following the completion of the transaction, the chief financial officer owned 190,879 shares in the company, valued at approximately $4,938,039.73. The trade was a 17.94% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 214,543 shares of company stock worth $5,565,129. Corporate insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On Constellium

A number of large investors have recently added to or reduced their stakes in the business. Mackenzie Financial Corp raised its position in Constellium by 0.4% in the 4th quarter. Mackenzie Financial Corp now owns 132,642 shares of the industrial products company’s stock worth $2,511,000 after purchasing an additional 512 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Constellium by 1.3% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 78,027 shares of the industrial products company’s stock worth $1,038,000 after acquiring an additional 1,006 shares during the last quarter. Alliancebernstein L.P. grew its holdings in Constellium by 1.0% in the 3rd quarter. Alliancebernstein L.P. now owns 157,750 shares of the industrial products company’s stock worth $2,347,000 after acquiring an additional 1,500 shares during the last quarter. Clearbridge Investments LLC grew its holdings in Constellium by 1.3% in the 4th quarter. Clearbridge Investments LLC now owns 122,138 shares of the industrial products company’s stock worth $2,302,000 after acquiring an additional 1,553 shares during the last quarter. Finally, Brooklyn Investment Group grew its holdings in Constellium by 10.6% in the 4th quarter. Brooklyn Investment Group now owns 16,543 shares of the industrial products company’s stock worth $313,000 after acquiring an additional 1,590 shares during the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Constellium News Summary

Here are the key news stories impacting Constellium this week:

• Positive Sentiment: Q1 results and management outlook: Constellium reported a sizable Q1 beat (adjusted EPS well above prior-year levels and revenue up ~24% YoY) and management set 2026 targets for adjusted EBITDA ($900–$940M) and free cash flow (> $275M), underpinning expectations for deleveraging and cash generation. Article Title
• Positive Sentiment: Analyst bullishness and buy commentary: Independent coverage (Seeking Alpha) framed the Q1 beat as justification for a “buy” stance, highlighting operational efficiency, raised guidance and an attractive valuation (~16x PE after rally). This supportive narrative can draw incremental demand from growth/value-seeking funds. Article Title
• Positive Sentiment: Wells Fargo raises target to $39 and upgrades to Overweight: Wells Fargo boosted its price target and gave an overweight rating, implying meaningful upside versus current levels — a catalyst for institutional buyers. Article Title
• Neutral Sentiment: JPMorgan reaffirms Neutral but raises price target to $34: JPMorgan maintained a neutral stance yet increased its PT from $30 to $34, signaling improved fundamental outlook but a more cautious stance versus high-conviction buy calls. Article Title
• Neutral Sentiment: Earnings call materials and transcripts posted: The investor presentation and full earnings-call transcript are available for deeper diligence (useful for bond/debt and margin detail), but contain no surprise reversal of the headline beat. Article Title Transcript
• Negative Sentiment: Balance-sheet and liquidity remain watchpoints: Despite stronger cash flow guidance, Constellium carries leverage (debt/equity ~1.96) and a low quick ratio, which could keep some investors cautious until sustained deleveraging is visible. No external link

Constellium Company Profile

Constellium SE is a global leader in the design and manufacture of high-performance aluminum products and solutions. The company serves key markets including aerospace, automotive, and packaging, offering advanced rolled and extruded aluminum sheet, plate and structural components. Its product portfolio encompasses precision-engineered parts for commercial and military aircraft, automotive body structures and closures, beverage and specialty packaging, as well as industrial and structural applications.

Established in 2011 through the consolidation of Rio Tinto Alcan’s rolled-products and engineered-products businesses, Constellium has built a reputation for innovation in lightweighting and sustainability.