$CSTM

CONSTELLIUM SE (CSTM) filed an SEC Form 8-K — Results of Operations and Financial Condition. October 28, 2026 Constellium Reports Strong Third Quarter 2026 Results; Raises Full Year 2026 Guidance Paris - Constellium SE (NYSE: CSTM) ("Constellium" or the "Company") today reported results for the third quarter and the nine months ended September 30, 2026. Third quarter 202

Constellium SE (CSTM) reported Q3 Adjusted EBITDA of $276M, up from $235M. The company raised its 2026 guidance to $1.03B–$1.06B in Adjusted EBITDA and Free Cash Flow over $300M. The improvement is attributed to aerospace recovery, pricing, and recycling benefits, according to the company.

Barclays initiated coverage on Constellium SE (NYSE:CSTM) with an Equalweight rating and a $28.00 price target. The firm highlights Constellium's industry leadership in aluminum products and expects sustainable earnings growth driven by packaging demand, aircraft build rates, and capacity expansions. Constellium reported strong Q2 2026 results, raising its full-year outlook and receiving a Moody's outlook upgrade to positive.

UBS lowered its price target for Constellium SE from $34 to $32 but maintained a buy rating. Deutsche Bank also adjusted its target from $39 to $36, keeping a buy rating. The stock has risen 36.18% year-to-date.

Constellium may cancel EU recycling expansion plans due to scrap metal shortages caused by exports. CEO Ingrid Joerg cited multiple projects under review, potentially larger or smaller than a €130M expansion in France. The EU's waste shipment regulations may not effectively limit scrap outflows, according to Joerg. Constellium faces challenges from the EU's carbon border tax and rising energy costs, but US operations benefit from tariffs and high recycling rates.

Moody’s upgraded Constellium SE’s outlook to positive from stable while affirming its Ba3 ratings, citing strong H1 2026 performance. Moody’s-adjusted EBITDA rose 110% to nearly $720 million. For 12 months through June 2026, debt/EBITDA was 2.1x and RCF/net debt 45.4%. Net leverage was 1.8x, and the firm plans further debt reduction.

Moody’s Investors Service changed Constellium’s outlook to positive while maintaining its credit rating, according to Moody’s. Separately, Deutsche Bank adjusted its Constellium SE price target to $39 from $40 and kept a Buy rating, according to Deutsche Bank.

A Pentagon war-game analysis says the US high-purity aluminum supply chain is vulnerable in a conflict. The UAE supplies about 90% of US high-purity aluminum imports, and Iranian drone strikes damaged UAE and Bahrain plants in March, pushing prices to a four-year high. The article cites Kaiser Aluminum, Constellium and Arconic, and notes EGA’s restart may take months.

A Pentagon war game in July 2024, analyzed by the Institute for Defense Analyses, found the US high-purity aluminum supply chain could be vulnerable in a major conflict. The UAE supplies about 90% of US high-purity aluminum imports, and Iran-linked attacks damaged plants in the UAE and Bahrain in March, pushing prices to a four-year high. Suppliers cited include Kaiser Aluminum, Constellium, and Arconic, with Emirates Global Aluminium as a key source.

Deslarzes Jean-Christophe purchased 1,490 shares of CONSTELLIUM SE (CSTM) at $27.24 on 2026-08-03.