CSTM · CONSTELLIUM SE Q2 FY2026 earnings call record财报电话会记录

“Revenue of $2.7 billion increased 31% compared to the second quarter of 2025 due to higher revenue per ton, including higher metal prices.”

“Our Free Cash Flow was $90 million in the quarter, and during the quarter, we've returned $20 million to shareholders through the repurchase of 623,000 shares.”

“Packaging shipments decreased 9% in the quarter versus last year, though underlying packaging demand remained healthy in both North America and Europe.”

“Looking at 2026, we have increased our target for Free Cash Flow generation to more than $300 million for the full year.”

“We expect cash interest of approximately $125 million, in line with prior guidance, and cash taxes of approximately $105 million, up from prior guidance mainly due to increased profitability.”

“During the quarter, we repurchased 623,000 shares for $20 million, bringing our year-to-date total to 1.8 million shares for $48 million.”

“Since we started the share repurchase program in 2024, we have repurchased 15.3 million shares for $241 million, or around $15.75 per share.”

“The entire industry mobilized to ensure we limit the impacts on our customers.”

“We achieved record quarterly Adjusted EBITDA, returned $20 million to shareholders with the repurchase of 623,000 shares, and reduced our leverage to 1.8 times.”

“Based on our current outlook for 2026, we are now targeting Adjusted EBITDA, excluding the non-cash impact of metal price lag, in the range of $ 980 million-$ 1.02 billion, and Free Cash Flow in excess of $300 million.”

“You mentioned that packaging volumes fell, but underlying demand was good.”

“I think Q2, was a very strong quarter on the aerospace side, both in terms of volumes also productivity, with an extremely strong product mix that we had in the second quarter.”