The strong beat and raised guidance signal accelerating operational momentum in aerospace and automotive rolled products. Watch for follow-through on FCF >$275M target and leverage staying within 1.5x-2.5x; any macro headwinds (tariffs, aluminum price volatility) could pressure the stock near-term.
Price Chart
Executive Summary
Constellium reported Q1 2026 EPS of $0.80, a 57.4% beat vs consensus of $0.51, and revenue of $2.5B (+24% YoY). The company raised its 2026 Adjusted EBITDA guidance to $900M-$940M (excluding metal price lag) and expects Free Cash Flow >$275M, driven by record segment performance and favorable market dynamics in aerospace and automotive rolled products.
Key Financial Metrics
Key Facts
- Q1 2026 EPS $0.80 vs consensus $0.51 (57.4% beat)
- Revenue $2.5B, up 24% YoY from $2.0B
- Net income $196M vs $38M YoY (416% increase)
- Adjusted EBITDA $359M, up 93% YoY, including $97M non-cash metal price lag
- Record quarterly Adjusted EBITDA for P&ARP ($151M) and record Q1 for A&T ($102M)
- Raised 2026 guidance: Adjusted EBITDA $900M-$940M (ex-metal price lag), FCF >$275M
- Repurchased 1.2M shares for $28M in Q1
- Leverage at 2.2x, within target range of 1.5x-2.5x
- Shipments flat at 370k metric tons (-1% YoY)
Financial Impact
EPS beat of $0.29 (57.4%) and revenue beat of ~$430M (21% above consensus), with raised guidance implying ~$900M+ Adjusted EBITDA for FY2026
Risk Factors
- Non-cash metal price lag of $97M inflates Adjusted EBITDA — core segment EBITDA of $262M is the underlying run rate
- Macroeconomic and geopolitical uncertainties cited by management could impact end-market demand
- Shipments declined 1% YoY despite revenue growth driven by higher metal prices
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3283530 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 10, 2026 12w ago | Press Release | $29.28 $29.44 | ▲ +0.55% | ▼ −1.88% | $24.66 (−15.78%) |
May 26, 2026 18w ago | Press Release | $35.28 $32.81 | ▼ −7.00% | ▼ −5.05% | $24.66 (−30.10%) |
May 18, 2026 19w ago | Insider Cluster | $32.25 $34.18 | ▲ +5.98% | ▲ +4.40% | $24.66 (−23.53%) |
May 5, 2026 21w ago | Insider Cluster | $32.96 $36.07 | ▲ +9.44% | ▲ +4.48% | $24.66 (−25.18%) |
May 1, 2026 22w ago | Insider Cluster | $32.01 $34.69 | ▲ +8.37% | ▲ +3.09% | $24.66 (−22.96%) |
May 1, 2026 22w ago | Insider Cluster | $32.01 $34.69 | ▲ +8.37% | ▲ +3.09% | $24.66 (−22.96%) |
May 1, 2026 22w ago | Insider Cluster | $32.01 $34.69 | ▲ +8.37% | ▲ +3.09% | $24.66 (−22.96%) |
May 1, 2026 22w ago | Insider Cluster | $32.01 $34.69 | ▲ +8.37% | ▲ +3.09% | $24.66 (−22.96%) |
May 1, 2026 22w ago | Insider Cluster | $32.01 $34.69 | ▲ +8.37% | ▲ +3.09% | $24.66 (−22.96%) |
Apr 29, 2026 22w ago | Press Release | $32.23 $33.96 | ▲ +5.37% | ▼ −0.09% | $24.66 (−23.49%) |
US Market Status
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