Constellium Reports Strong Third Quarter 2026 Results; Raises Full Year 2026 Guidance
Key Highlights
- ➤2026 guidance raised to Adjusted EBITDA $1.03B-$1.06B and Free Cash Flow above $300M
- ➤Q3 revenue $2.6B, up 22%, while net income rose 35% to $119M
- ➤Q3 Adjusted EBITDA $276M, up 17%, setting a third-quarter company record
- ➤P&ARP Q3 Segment Adjusted EBITDA $162M, up 98%, despite 3% lower shipments
- ➤A&T Q3 Segment Adjusted EBITDA $102M, up 13%, with shipments rising 18%
- ➤Share repurchases reached $30M in Q3; leverage ended at 1.6x
Expert Statements
Ingrid Joerg, Chief Executive Officer of Constellium
“Constellium delivered another strong quarter, including record third quarter Adjusted EBITDA, despite the ongoing uncertainties on the macroeconomic and geopolitical fronts.”
Ingrid Joerg, Chief Executive Officer of Constellium
“We achieved strong financial performance across all of our operating segments again this quarter, including record third quarter Segment Adjusted EBITDA at both our A&T and P&ARP segments.”
Ingrid Joerg, Chief Executive Officer of Constellium
“Even though the current landscape remains volatile, we have a strong track record of navigating and executing in any environment.”
Ingrid Joerg, Chief Executive Officer of Constellium
“Based on our current outlook, we are raising our guidance for 2026 and now expect Adjusted EBITDA in the range of $1.03 billion to $1.06 billion, excluding the non-cash impact of metal price lag, and Free Cash Flow in excess of $300 million.”
Ingrid Joerg, Chief Executive Officer of Constellium
“Looking ahead, we like our end market position and we are optimistic about our prospects, which include harvesting the benefits from our previously announced return-seeking investments and capturing future market opportunities.”
Ingrid Joerg, Chief Executive Officer of Constellium
“Our focus remains on executing our strategy, driving operational performance, controlling cost, maintaining commercial and capital discipline, generating Free Cash Flow and increasing shareholder value.”
PARIS, Oct. 28, 2026 (GLOBE NEWSWIRE) -- Constellium SE (NYSE: CSTM) ("Constellium" or the "Company") today reported results for the third quarter and the nine months ended September 30, 2026.
Third quarter 2026 highlights: * Shipments of 368 thousand metric tons, down 1% compared to Q3 2025 * Revenue of $2.6 billion, up 22% compared to Q3 2025 * Net income of $119 million compared to net income of $88 million in Q3 2025 * Adjusted EBITDA of $276 million > Includes negative non-cash metal price lag impact of $4 million * Segment Adjusted EBITDA of $102 million at A&T, $162 million at P&ARP and $21 million at AS&I, partially offset by corporate costs of $(5) million, together representing a new third quarter record for the Company * Cash from Operations of $186 million and Free Cash Flow of $128 million * Returned $30 million to shareholders through the share repurchase program Nine months ended September 30, 2026 highlights: * Shipments of 1.1 million metric tons, down 1% compared to YTD 2025 * Revenue of $7.8 billion, up 26% compared to YTD 2025 * Net income of $463 million compared to net income of $162 million in YTD 2025 * Adjusted EBITDA of $1.1 billion > Includes positive non-cash metal price lag impact of $222 million * Segment Adjusted EBITDA of $340 million at A&T, $478 million at P&ARP and $71 million at AS&I, partially offset by corporate costs of $(37) million, together representing a record first nine months for the Company * Cash from Operations of $420 million and Free Cash Flow of $223 million * Returned $78 million to shareholders through the share repurchase program * Leverage of 1.6x at September 30, 2026 “Constellium delivered another strong quarter, including record third quarter Adjusted EBITDA, despite the ongoing uncertainties on the macroeconomic and geopolitical fronts,” said Ingrid Joerg, Constellium’s Chief Executive Officer. “We achieved strong financial performance across all of our operating segments again this quarter, including record third quarter Segment Adjusted EBITDA at both our A&T and P&ARP segments. During the quarter, we benefited from strong operational focus, cost control and improved market dynamics, including an improved aerospace and transportation, industry and defense (TID) environment, supply shortages of automotive rolled products in North America, and strong recycling performance in both North America and Europe. We generated Free Cash Flow of $128 million in the third quarter, and during the quarter we returned $30 million to shareholders through the repurchase of 1.0 million ordinary shares. As a reminder, in July we completed a $100 million partial redemption of the 5.625% Senior Notes due June 2028. We ended the quarter with leverage at 1.6x, near the low end of our target leverage range of 1.5x to 2.5x.”
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