Constellium (CSTM)
NYSE:CSTM
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Earnings Data
Report Date
Jul 29, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.88Last Year’s EPS
0.25Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong operational and financial progress: record quarterly adjusted EBITDA, double-digit revenue growth, improved net income, robust segment performances (multiple records), stronger liquidity, and an expanded share repurchase program. Management raised 2026 guidance and reiterated multi-year targets and focused return-seeking investments. However, the strength of results is materially helped by favorable and partly noncash metal and scrap dynamics and by temporary market dislocations (automotive rolled-product shortage). Key risks highlighted include metal/scrap volatility, higher working capital and CapEx, emerging inflationary pressures (freight, lubricants, coatings), European automotive weakness, and geopolitical uncertainty. On balance, the positives (large, quantifiable improvements and upgraded guidance) outweigh the risks, though execution and commodity-market persistence are important caveats.Company Guidance
Record Adjusted EBITDA and Strong Profitability
Adjusted EBITDA was $359 million in Q1 2026, up 93% year-over-year; excluding a positive noncash metal price lag of $97 million adjusted EBITDA was $262 million (an all-time company record), up 78% versus $147 million in Q1 2025. Net income was $196 million versus $38 million in Q1 2025.
Revenue and Shipments Growth
Revenue was $2.5 billion in Q1 2026, an increase of 24% year-over-year. Shipments totaled 370,000 tons, driven by higher A&T shipments offsetting lower PARP and AS&I volumes.
Segment Performance and New Records
PARP adjusted EBITDA was $151 million, up 152% YoY and a new quarterly record. A&T adjusted EBITDA was $102 million, up 24% YoY and a new first-quarter record. AS&I adjusted EBITDA was $24 million, up 50% YoY.
Raised Full-Year Guidance
Company raised 2026 outlook: targeting adjusted EBITDA (excluding metal price lag) of $900–$940 million and free cash flow in excess of $275 million, reflecting confidence in sustained favorable conditions.
Cash Generation & Capital Allocation Actions
Returned $28 million to shareholders in Q1 via repurchase of 1.2 million shares. Since program start repurchased 14.7 million shares for $221 million. Board approved a new $300 million repurchase program (expires Dec 2028).
Balance Sheet and Liquidity
Net debt was $1.8 billion (stable vs end 2025) and leverage reduced to 2.2x, within target range (1.5x–2.5x). Liquidity improved by $38 million to $904 million at quarter-end.
Safety Improvement
Recordable case rate improved to 1.16 per million hours worked in Q1 2026 from 1.91 in 2025 (approximately 39% improvement), exceeding the company's stated safety target of 1.5 per million hours.
Favorable Market Dynamics and Strategic Investments
Benefited from North American supply shortages in automotive rolled products, improved aerospace and TID demand, and highly favorable scrap and metal dynamics. CapEx guidance of ~$330 million includes ~$100 million of return-seeking projects (aerospace and recycling/casting investments).
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
CSTM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 29, 2026 | $31.08 | $32.23 | +3.70% |
Feb 18, 2026 | $23.41 | $25.64 | +9.53% |
Oct 29, 2025 | $16.91 | $16.27 | -3.78% |
Jul 29, 2025 | $13.93 | $14.68 | +5.38% |
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.
FAQ
When does Constellium (CSTM) report earnings?
Constellium (CSTM) is schdueled to report earning on Jul 29, 2026, Before Open (Confirmed).
What is Constellium (CSTM) earnings time?
Constellium (CSTM) earnings time is at Jul 29, 2026, Before Open (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 2026 (Q2) is 0.88.