> ## Content Index
> Fetch the complete content index at: https://www.bullished.co/llms.txt
> Use this file to discover other available public pages before exploring further.

# Constellium Lifts 2026 Profit Outlook To $1.03 Billion-$1.06 Billion After Record Third Quarter
- URL: https://www.bullished.co/constellium-lifts-2026-profit-outlook-to-1-03-billion-1-06-billion-after-record-third-75af12be/
- Published: 2026-10-28T10:20:58.000Z
- Updated: 2026-10-28T15:05:04.000Z
- Description: The aluminum maker also guides to free cash flow above $300 million, and leverage fell to 1.6x, near the low end of its target range.
- Author: Matteo Parrino
- Tags: Earnings, CSTM, Industry: Materials

Constellium, which makes specialty rolled and extruded aluminum products for aerospace, packaging and automotive customers, raised its 2026 forecast on Wednesday, now expecting [adjusted EBITDA of $1.03 billion to $1.06 billion](https://www.globenewswire.com/news-release/2026/10/28/3389941/0/en/constellium-reports-strong-third-quarter-2026-results-raises-full-year-2026-guidance.html?ref=bullished.co), excluding the non-cash metal price lag, and free cash flow above $300 million. The move followed what the company called record third-quarter adjusted EBITDA.

## Revenue up 22% on thinner shipments

Third-quarter [revenue rose 22% to $2.6 billion](https://www.globenewswire.com/news-release/2026/10/28/3389941/0/en/constellium-reports-strong-third-quarter-2026-results-raises-full-year-2026-guidance.html?ref=bullished.co) even as shipments slipped 1% to 368 thousand metric tons; the company credits higher revenue per ton, including higher metal prices. Net income reached $119 million against $88 million a year earlier, and adjusted EBITDA was $276 million, up from $235 million.

For the first nine months, revenue rose 26% to $7.8 billion and net income reached $463 million, up from $162 million.

## Packaging and auto sheet nearly double

Packaging & Automotive Rolled Products earned $162 million in segment adjusted EBITDA, up 98% from $82 million, on favorable price and mix and lower metal costs, including the continued ramp-up of its recycling center in France. Automotive rolled shipments rose on supply shortages in North America, while packaging shipments fell.

Aerospace & Transportation earned $102 million, up 13%, on higher shipments as aerospace and defense-related markets improved. CEO Ingrid Joerg also pointed to cost control and strong recycling in North America and Europe.

Automotive Structures & Industry fell 36% to $21 million, partly because the year-earlier quarter included net customer compensation for an underperforming automotive program.

## Cash, debt and buybacks

Free cash flow was $128 million in the quarter, and Constellium bought back 1.0 million shares for $30 million. Net debt stood at $1,658 million at September 30, down from $1,824 million at the end of 2025, putting leverage at 1.6x against a target range of 1.5x to 2.5x.

Liquidity was $992 million, made up of $158 million in cash and $834 million available under committed facilities and factoring arrangements. In July it redeemed $100 million of its 5.625% notes due 2028, leaving $225 million outstanding, and on October 22 it raised its Pan-U.S. credit facility to $700 million from $550 million, extending maturity to October 22, 2031.

## Capacity coming in 2027

Joerg said she is "optimistic about our prospects." The company expects a new Airware casthouse to begin commercial shipments in early 2027 and its Muscle Shoals casting center to start up in mid 2027\. It cautioned that the scrap environment may be less favorable than the record 2026 level.

Management plans to use the free cash flow it generates for debt reduction and share repurchases.

Learn

- [Item 2.02: results of operations →](https://www.bullished.co/learn/8-k-items-explained/#item-202-results-of-operations)  
From 8-K Items Explained: What Every Item Code From 1.01 To 9.01 Tells You, With Examples

### Sources

- [8-K Filing — CONSTELLIUM SE (CSTM)](https://www.sec.gov/Archives/edgar/data/0001563411/000156341126000198/cstm-20261028.htm?ref=bullished.co) — SEC EDGAR
- [Exhibit a2026-q3xearningspressre.htm — CONSTELLIUM SE 8-K exhibit](https://www.sec.gov/Archives/edgar/data/0001563411/000156341126000198/a2026-q3xearningspressre.htm?ref=bullished.co) — SEC EDGAR
- [Exhibit a2026-q3xearningspresent.htm — CONSTELLIUM SE 8-K exhibit](https://www.sec.gov/Archives/edgar/data/0001563411/000156341126000198/a2026-q3xearningspresent.htm?ref=bullished.co) — SEC EDGAR
- [Constellium Reports Strong Third Quarter 2026 Results;](https://www.globenewswire.com/news-release/2026/10/28/3389941/0/en/constellium-reports-strong-third-quarter-2026-results-raises-full-year-2026-guidance.html?ref=bullished.co) — globenewswire.com