Constellium reported record third quarter results for 2026, driven by strong operational execution and favorable market dynamics in aerospace and North American automotive sectors. Despite a slight 1% dip in total shipments, revenue grew significantly due to higher value-add pricing and increased metal prices.
Key Highlights
- Packaging & Automotive Rolled Products (P&ARP) Adjusted EBITDA nearly doubled to $162 million, aided by recycling ramp-ups in France and North American supply shortages.
- Aerospace & Transportation shipments surged 18% to 59 thousand metric tons, supported by robust commercial aviation backlogs and an improved defense environment.
- Free cash flow generation reached $128 million for the quarter, allowing the company to return $30 million to shareholders through repurchases and reduce leverage to 1.6x.