Constellium (CSTM) Misses Q3 EPS by 40c, provides outlook

Constellium (NYSE: CSTM) reported Q3 EPS of EUR0.02, EUR0.40 worse than the analyst estimate of EUR0.42. Revenue for the quarter came in at EUR1.6 billion versus the consensus estimate of EUR1.85 billion.

Outlook

Based on our current outlook, in 2024 we expect Adjusted EBITDA to be in the range of €580 million to €600 million, excluding an estimated one-time impact of €30 million to €40 million at Valais as a result of the flood, and excluding the non-cash impact of metal price lag.

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

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