CONSTELLIUM SE — Form 8-K
Filed October 28, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 68/100
What the filing says
Constellium reported Q3 2026 revenue of $2.6B (+22% YoY) and net income of $119M (+35% YoY) on flat shipments (368k tons). Adjusted EBITDA reached $276M (Q3 record), with YTD 2026 at $1.074B (+90%). The company raised full-year 2026 guidance to $1.03–1.06B Adjusted EBITDA and >$300M Free Cash Flow. Free Cash Flow was $223M YTD (vs. $68M YTD 2025). Net leverage improved to 1.6x (from 2.5x Dec 2025). Management returned $78M to shareholders via 2.8M share repurchases YTD and redeemed $100M of 5.625% notes due 2028.
Why this rating
Strong earnings beat and raised guidance meaningful for $1.8B market-cap company; leverage improvement and $300M+ FCF guidance support balance sheet strength. However, growth is pricing-driven, not volume-driven (shipments flat), and macro uncertainty noted. Significant for capital allocation optionality but not transformational.
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