Wed, Apr 30, 3:28 PM (19 days ago)
Constellium SE (CSTM) reported its Q1 2025 financial results, highlighting several key performance metrics and trends. Revenue increased by 5% to $1,979 million, driven by higher revenue per ton, despite a 2% decrease in shipments. Net income rose to $38 million, up from $22 million in Q1 2024, reflecting improved profitability and operational efficiency. The company's effective tax rate was 38.7%, higher than the 25.5% in Q1 2024, due to a temporary surtax in France. Constellium's cash flow from operations increased by $21 million, primarily due to higher operating cash flows and changes in working capital. The company repurchased 1.4 million shares for $15 million, demonstrating a commitment to shareholder value. Despite demand weakness in several end markets and lingering impacts from the Valais flood, Constellium delivered solid results. The company remains focused on executing its strategy, driving operational performance, reducing costs, and managing capital discipline. Constellium's liquidity position is strong, with $800 million in total liquidity, including cash, revolving credit facilities, and factoring arrangements. The company's financial health is robust, with a solid balance sheet and strong cash flow generation. However, geopolitical and economic uncertainties, along with volatile commodity prices, pose risks to future operations. Constellium's management is proactive in addressing these challenges and continues to monitor market conditions closely.