Constellium (CSTM) has released an update.
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Constellium’s third-quarter results for 2024 show a decline in shipments and revenue, both down by 5% compared to the same period last year, with net income plummeting to €3 million from €64 million. Despite facing challenges from flood impacts and weakening demand across several markets, the company managed an adjusted EBITDA of €110 million and repurchased 1.2 million shares for $21 million. As uncertainties persist, Constellium remains focused on long-term growth and strategic execution.
For further insights into CSTM stock, check out TipRanks’ Stock Analysis page.
