Constellium (CSTM) Reports Q3 EPS of EUR0.13 on Revenues of EUR1.46B

Constellium (NYSE: CSTM) reported Q3 EPS of EUR0.13, versus EUR0.00 reported last year. Revenue for the quarter came in at EUR1.17 billion, versus EUR1.46 billion reported last year.

For the third quarter of 2020:

• Shipments of 354 thousand metric tons, down 11% compared to Q3 2019
• Revenue of €1.2 billion, down 20% compared to Q3 2019
• Net income of €20 million compared to net income of €1 million in Q3 2019
• Adjusted EBITDA of €126 million, down 9% compared to Q3 2019
• Cash from Operations of €111 million and Free Cash Flow of €75 million

Jean-Marc Germain, Constellium’s Chief Executive Officer said, "I am very proud of our third quarter results, including our Free Cash Flow performance of €75 million in the quarter. Packaging & Automotive Rolled Products reported record quarterly Adjusted EBITDA. Aerospace & Transportation maintained a strong focus on costs in the face of difficult market conditions. Automotive Structures & Industry benefited from better-than-expected market conditions and improved operational performance in Automotive Structures. These results further demonstrate the benefits of our end market diversification and our intense focus on costs."

Mr. Germain continued, "Based on our current outlook, we expect Adjusted EBITDA of €450 million to €460 million and Free Cash Flow generation of €100 million to €150 million in 2020."

Outlook

Based on our current outlook, we expect Adjusted EBITDA in a range of €450 million to €460 million in 2020.

For earnings history and earnings-related data on Constellium (CSTM) click here.

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