Constellium NV ( (CSTM) ) has released its Q4 earnings. Here is a breakdown of the information Constellium NV presented to its investors.
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Constellium NV is a global leader in developing innovative aluminum products for industries such as aerospace, packaging, and automotive. The company recently reported its financial results for the fourth quarter and full year of 2024, highlighting a challenging year due to environmental and market-related factors.
For the fourth quarter of 2024, Constellium experienced a slight decrease in shipments and revenue compared to the previous year, with a revenue of $1.7 billion and a net loss of $47 million. The year was marked by significant impacts from severe flooding in Valais and market headwinds, leading to a decrease in net income to $60 million for the year, compared to $157 million in 2023. Adjusted EBITDA for the year was $623 million, down from $662 million in the prior year.
Despite these challenges, the company successfully started a new recycling and casting center and returned $79 million to shareholders through stock repurchases. Constellium also transitioned to reporting in U.S. dollars under GAAP standards, which involved changes in financial reporting and factoring fees capture. Looking forward, Constellium’s management anticipates continued economic challenges but expects Adjusted EBITDA to range between $600 million and $630 million in 2025, with Free Cash Flow exceeding $120 million.
In conclusion, Constellium remains focused on executing its strategic initiatives, improving operational performance, and enhancing shareholder value, while navigating ongoing economic and market challenges. The company has set ambitious long-term targets aiming for significant growth in Adjusted EBITDA and Free Cash Flow by 2028.
