CONSTELLIUM SE (CSTM) Form 10-Q — Oct 28, 2026
Constellium delivered a strong third quarter, with revenue up 22% year-over-year to $2,639 million and net income up 35% to $119 million ($0.84 diluted EPS vs $0.62). Nine-month net income nearly tripled to $463 million on revenue of $7,848 million, and Adjusted EBITDA rose 90% to $1,074 million. The beat was broad-based: Aerospace & Transportation revenue jumped 38% on an improved aerospace and defense environment, while P&ARP Adjusted EBITDA surged 98% on favorable metal costs, mix, and North American automotive rolled products supply shortages. AS&I was the lone soft spot, with Q3 EBITDA down 36% on lower volumes.
Key figures
- Eps
- 0.84 diluted Q3; 3.31 nine months
- Revenue
- 2639
- Guidance
- Management optimistic about prospects for remainder of 2026 and beyond; no quantitative guidance given
- Net Income
- 119
- Total Debt
- 1,817 (current portion $39M + long-term $1,778M)
- Revenue Yoy
- 22% (Q3); 26% nine-month ($7,848M vs $6,248M)
- Total Assets
- 5855
- Cash Position
- 158
- Shares Outstanding
- 134536604
- Total liquidity
- 992
- Notes redemption
- $100M of $325M 5.625% Senior Notes due June 2028 redeemed
- Q3 net income yoy
- 35% ($119M vs $88M)
- Q3 adjusted ebitda
- 276
- Share repurchases 9m
- $78M (2.8M shares)
- Effective tax rate q3
- 25.6%
- Nine month net income
- 463
- Operating cash flow 9m
- 420
- Nine month adjusted ebitda
- 1074
- Remaining buyback authorization
- 257000065
AI analysis
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