Constellium SE Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 26, 2023 at 03:30 pm IST
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Constellium SE reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was EUR 1,950 million compared to EUR 2,275 million a year ago. Net income was EUR 31 million compared to net loss of EUR 34 million a year ago. Basic earnings per share from continuing operations was EUR 0.21 compared to basic loss per share from continuing operations of EUR 0.24 a year ago. Diluted earnings per share from continuing operations was EUR 0.21 compared to diluted loss per share from continuing operations of EUR 0.24 a year ago.
For the six months, sales was EUR 3,906 million compared to EUR 4,254 million a year ago. Net income was EUR 51 million compared to EUR 143 million a year ago. Basic earnings per share from continuing operations was EUR 0.35 compared to EUR 1 a year ago. Diluted earnings per share from continuing operations was EUR 0.34 compared to EUR 0.97 a year ago.
Constellium SE is a France-based company which provides development and manufacturing of aluminum products and solutions. The Company designs and manufactures advanced alloys and engineered solutions for applications, such as cars, beverage cans, airplanes and more. It designs, develops, and engineers products and solutions in partnership with customers for an array of markets which includes Automotive, Aerospace, Packaging, Defense, Transportation, and Industry. The Company operates its business through approximately 28 manufacturing sites in Europe, North America, and China with 12,000 employees around the world.