Constellium Raises 2026 Adjusted EBITDA Guidance to $900M–$940M After Q1 Record Results
Constellium reported Q1 2026 revenue of $2.46 billion (up 24%), net income of $196 million versus $38 million and Adjusted EBITDA of $359 million including $97 million metal price lag. It generated $5 million free cash flow, repurchased 1.2 million shares for $28 million, ended with 2.2x leverage and raised full-year Adjusted EBITDA guidance to $900 million–$940 million.
1. Q1 Financial Results
Constellium shipped 370 thousand metric tons in Q1, down 1% year-on-year, and achieved revenue of $2.46 billion (up 24%), net income of $196 million (up from $38 million) and Adjusted EBITDA of $359 million (up 93%), which included a $97 million non-cash metal price lag benefit.
2. Segment Performance
Aerospace & Transportation delivered record Segment Adjusted EBITDA of $102 million on 60 thousand metric tons shipped (up 18%), Packaging & Automotive Rolled Products posted $151 million (up 152%) on 261 thousand metric tons, and Automotive Structures & Industry contributed $24 million, driven by favorable price, mix, metal costs and foreign-exchange translation.
3. Shareholder Returns and Outlook
The company generated $5 million in free cash flow, repurchased 1.2 million shares for $28 million and ended March with 2.2x leverage. It raised full-year 2026 Adjusted EBITDA guidance to $900 million–$940 million and expects free cash flow in excess of $275 million, while reaffirming its 2028 financial targets.