Free Post Earnings Research Report: Constellium’s Q2 Revenues Grew 7% Y-o-Y

LONDON, UK / ACCESSWIRE / July 31, 2018 / If you want access to our free earnings report on Constellium N.V. (NYSE: CSTM), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=CSTM. The Company released its second quarter fiscal 2018 (Q2 FY18) earnings results on July 24, 2018. The Company’s shipments and revenues grew 4% and 7% y-o-y, respectively. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Constellium most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

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Earnings Highlights and Summary

During Q2 FY18, Constellium reported revenues of $1.47 billion, up from $1.38 billion in Q2 FY17. The Company attributed the revenue growth to higher aluminum prices and higher shipments. The Company’s shipments also grew to 397 kilo metric ton (kmt) in Q2 FY18 from 383 kmt in the last year’s same quarter. The aluminum Company’s net income surged to $55 million, or $0.39 per diluted share, in Q2 FY18 from $15 million, or $0.15 per diluted share, in Q2 FY17.

Operating Metrics

For Q2 FY18, Constellium’s cost of sales increased to $1.30 billion from $1.23 billion in the year ago comparable quarter. The Company’s gross profit stood at $171 million in Q2 FY18, up from $150 million in Q2 FY17. The Company’s selling, general, and administrative expenses fell to $60 million in Q2 FY18 from $62 million in Q2 FY17. The Company spent $10 million on research and development (R&D) in Q2 FY18 versus $8 million in Q2 FY17. The Company’s income from operations stood at $125 million in Q2 FY18, up from $73 million in Q2 FY17. Furthermore, the Amsterdam, Netherlands-based Company’s adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) rose 19% to $151 million in Q2 FY18 from $127 million in Q2 FY17.

Segment Results

Constellium’s Packaging & Automotive Rolled Products segment’s shipments were 266 kmt during Q2 FY18, rising from 258 kmt in Q2 FY17. The segment’s revenues were $801 million in the reported quarter compared to $736 million in the prior year’s corresponding quarter. Furthermore, the segment’s adjusted EBITDA increased to $75 million in Q2 FY18 from $57 million in Q2 FY17.

Constellium’s Aerospace & Transportation segment’s shipments volume was 65 kmt in Q2 FY18 versus 63 kmt in Q2 FY17. The segment’s revenues were $356 million during Q2 FY18 compared to $366 million in the last year’s same quarter. Meanwhile, the segment’s adjusted EBITDA were $43 million in Q2 FY18, up from $41 million in Q2 FY17.

Constellium’s Automotive Structures & Industry segment’s shipments volume was 66 kmt during Q2 FY18 compared to 62 kmt in Q2 FY17. The segment’s revenues rose to $327 million in Q2 FY18 from $288 million in Q2 FY17. Additionally, the segment’s adjusted EBITDA were $39 million in Q2 FY18, rising 19% from $33 million in the last year’s comparable quarter.

Cash Flow and Balance Sheet

For the three months ended June 30, 2018, Constellium’s net cash generated by operating activities was $18 million compared to $45 million in the prior year’s same quarter. The Company reported a negative free cash flow of $42 million in Q2 FY18 compared to negative $21 million in Q2 FY17.

As on June 30, 2018, the Company’s cash and cash equivalents stood at $166 million compared to $269 million as on December 31, 2017. Additionally, the Company’s borrowings were $2.05 billion as on June 30, 2018, compared to $2.02 billion as on December 31, 2017.

Earnings Outlook

In its guidance for the full year FY18, the Company expects EBITDA growth to be in the range of 11% to 13%.

Stock Performance Snapshot

July 30, 2018 – At Monday’s closing bell, Constellium’s stock slightly rose 0.39%, ending the trading session at $12.90.

Volume traded for the day: 1.02 million shares, which was above the 3-month average volume of 992.64 thousand shares.

Stock performance in the last month – up 25.85%; previous three-month period – up 13.66%; past twelve-month period – up 57.32%; and year-to-date – up 15.70%

After yesterday’s close, Constellium’s market cap was at $1.74 billion.

The stock is part of the Basic Materials sector, categorized under the Aluminum industry. This sector was up 0.6% at the end of the session.

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