Constellium posts record quarterly EBITDA in Q1, raises 2026 outlook

Constellium started 2026 with stronger earnings and improved margins, posting what the company described as its best quarterly Segment Adjusted EBITDA performance to date.

Revenue for the first quarter came in at USD 2.5 billion, up 24 per cent from the same period last year, while net income rose sharply to USD 196 million, compared with USD 38 million a year earlier. Shipments were slightly lower at 370,000 tonnes, down 1 per cent  year-on-year.

Adjusted EBITDA reached USD 359 million, although that figure included a positive non-cash metal price lag impact worth USD 97 million.

Also read: Ardagh Metal Packaging Q1 revenue up 19% while EBITDA rise 15%

Performance improved across the company’s operating divisions. The P&ARP segment delivered quarterly adjusted EBITDA of USD 151 million, while A&T contributed USD 102 million. AS&I added USD 24 million, partly offset by corporate costs.

CEO Ingrid Joerg said the company benefited from several market conditions during the quarter, including shortages of automotive rolled products in North America, stronger aerospace activity and favourable scrap dynamics.

“Constellium delivered strong results in the first quarter despite uncertainties on the macroeconomic and geopolitical fronts,” she said.

Don't miss out- Buyers are looking for your products on our B2B platform

The company also generated USD 73 million in operating cash flow and reported free cash flow of USD 5 million during the quarter. At the same time, it repurchased around 1.2 million shares for roughly USD 28 million.

Leverage stood at 2.2x at the end of March, remaining within the company’s target range.

Looking ahead, Constellium raised its guidance for the rest of the year. It now expects Adjusted EBITDA between USD 900 million and USD 940 million for 2026, excluding the impact of metal price lag, along with free cash flow above USD 275 million.

Joerg said the company remains positive on its market positioning despite continued economic and geopolitical uncertainty, adding that it still expects to meet its longer-term 2028 targets.

Must read: Key industry individuals share their thoughts on the trending topics