Constellium NV (CSTM) has released an update.
Constellium NV reported a decrease in first-quarter 2024 revenue to €1.7 billion, a 12% drop from Q1 2023, alongside a slight decline in net income to €17 million. Despite challenges such as weather impacts and mixed market demand, the company maintained healthy automotive demand in North America and saw an uptick in aerospace segment performance. Constellium also initiated a share repurchase program, buying back 330 thousand shares for $6.9 million, and concluded the quarter with a leverage ratio within the targeted range.
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