secwatch.observer — SEC 8-K summary
======================================

Issuer:     CONSTELLIUM SE (CSTM)
CIK:        0001563411
Form:       8-K
Filed at:   2026-02-18T23:59:59+00:00
Accession:  0001563411-26-000047
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Constellium Q4 net income $113M vs loss; Adj EBITDA record $280M; FY26 guidance $780-820M
--------------------------------------------------------------------------------

- Q4 shipments 365K tons (+11% YoY); revenue $2.2B (+28%); net income $113M vs loss $47M.
- Adjusted EBITDA $280M (incl. $67M metal price lag); Segments: A&T $83M, P&ARP $136M, AS&I $5M.
- FY25 Adj EBITDA $846M (+36% YoY); Free Cash Flow $178M; repurchased 8.9M shares for $115M.
- FY26 outlook: Adj EBITDA (ex-metal lag) $780-820M; FCF >$200M; 2028 targets $900M Adj EBITDA, $300M FCF.
- Vision 2028 excellence program launched; leverage 2.5x; CEO cites stable demand and improved scrap spreads.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1563411/000156341126000047/0001563411-26-000047-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1563411/000156341126000047/cstm-20260218.htm
  HTML page:      https://secwatch.observer/filing/0001563411-26-000047

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer