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Constellium (CSTM)
NYSE:CSTM
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Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.11Last Year’s EPS
$0.06Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 23, 2024
|% Change Since: -30.94%
|Next Earnings Date:Feb 20, 2025
Earnings Call Sentiment|Negative
The earnings call highlighted the company's achievements in safety performance, share buybacks, and the successful startup of new facilities. However, these were overshadowed by significant challenges, including declines in shipments, revenue, and net income, as well as the negative impact of flooding and market weaknesses. The sentiment is primarily driven by the adverse financial impacts and uncertain market conditions.Company Guidance
During Constellium's Q3 2024 earnings call, the executives provided guidance indicating a challenging market environment with a projected adjusted EBITDA for the full year between EUR 580 million and EUR 600 million, excluding impacts from the flood in Switzerland and noncash metal price lag. The company highlighted a 5% year-over-year decline in shipments to 352,000 tons, primarily in the A&T and AS&I segments, leading to a revenue decrease to EUR 1.6 billion. Net income fell sharply to EUR 3 million compared to EUR 64 million the previous year, partly due to a EUR 36 million gain from a prior asset sale. The adjusted EBITDA was EUR 110 million, impacted by a EUR 17 million loss from flooding and a EUR 3 million noncash metal price lag. The company anticipates improvements from its Vision '25 cost reduction program and new recycling initiatives, despite ongoing supply chain challenges and softer demand in several key markets.Safety Performance
Recordable case rate was lower in the third quarter, leading to a rate of 1.9 per million hours worked for the first 9 months of the year.
Share Buyback
Repurchased 1.2 million shares for USD 21 million during the quarter, bringing the year-to-date total to roughly 3.1 million shares.
Recycling and Casting Center
New recycling center and casting center started up in September, slightly ahead of schedule and below budget.
Strong Liquidity
Liquidity remains strong at EUR 778 million as of the end of the third quarter.
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CSTM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CSTM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 23, 2024 | $14.93 | $10.73 | -28.13% |
| Jul 23, 2024 | $18.51 | $17.95 | -3.03% |
| Apr 24, 2024 | $21.33 | $19.99 | -6.28% |
| Feb 21, 2024 | $18.57 | $19.49 | +4.95% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Constellium (CSTM) report earnings?
Constellium (CSTM) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is Constellium (CSTM) earnings time?
Constellium (CSTM) earnings time is at Feb 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CSTM EPS forecast?
CSTM EPS forecast for the fiscal quarter 2024 (Q4) is $0.11.
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