Latest news with #A&T
Miami Herald
16-05-2025
- Sport
- Miami Herald
North Carolina A&T sweeps conference track championship
GREENSBORO, NC - North Carolina A&T captured the 2025 Coastal Athletic Association (CAA) Men's Outdoor Track and Field Championship in dominant fashion, scoring 177 points to claim their first outdoor league title since winning the MEAC in 2021. The event was hosted at A&T's Marcus T. Johnson Track, where the Aggies overcame early concerns and surged past Monmouth (141 points) and William & Mary (115 points) to take the crown. The championship performance completed a sweep of the 2025 CAA indoor and outdoor titles for the Aggie men and marked the program's seventh outdoor conference championship overall. Despite scoring no points in the 110-meter hurdles-an event A&T had dominated in recent years-the team rebounded strongly with standout performances across the board. A\&T won six events on Thursday, including the 400m, 800m, 400m hurdles, shot put, triple jump, and the 4x400m relay. In the 400m, the Aggies swept the top four spots, led by sophomore Xzaviah Taylor's personal-best 46.01. Taylor also captured the 400m hurdles title in 51.07, finishing just ahead of his twin brother Isaiah Taylor. The field events were just as crucial. Senior Brayden Hodgest led a 1-2-3 sweep in the shot put with a winning throw of 57'9.5". He also placed third in the discus behind Carlos Alexander and Alex Henry, who finished second and fourth, respectively. Junior Dyimond Walker and Dawson Grogan went 1-2 in the 800m with both recording personal bests. North Carolina A&T then closed the meet by winning the 4x400m relay in 3:07.49, capping off a statement performance on their home track. With dominant depth in the sprints and throws, North Carolina A&T's championship run affirmed its status as a CAA powerhouse on the rise. The post North Carolina A&T sweeps conference track championship appeared first on HBCU Gameday. Copyright HBCU Gameday 2012-2025
Yahoo
01-05-2025
- Business
- Yahoo
Constellium SE (CSTM) Q1 2025 Earnings Call Highlights: Revenue Growth Amidst Market Challenges
Revenue: $2 billion, up 5% compared to Q1 2024. Net Income: $38 million, compared to $22 million in Q1 2024. Adjusted EBITDA: $186 million, including a $46 million positive non-cash impact from metal price lag. Adjusted EBITDA (excluding metal price lag): $140 million, compared to $160 million in Q1 2024. Free Cash Flow: Negative $3 million, impacted by $27 million from Valais flood recovery. Share Repurchase: $15 million returned to shareholders through repurchase of 1.4 million shares. Leverage: 3.3 times at the end of Q1 2025. Shipments: 372,000 tons, down 2% compared to Q1 2024. A&T Segment Adjusted EBITDA: $75 million, down 14% year-over-year. P&AR Segment Adjusted EBITDA: $60 million, up 25% year-over-year. AS&I Segment Adjusted EBITDA: $16 million, down 50% year-over-year. Warning! GuruFocus has detected 4 Warning Sign with CSTM. Release Date: April 30, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Constellium SE (NYSE:CSTM) reported a strong safety performance with a recordable case rate of 1.02 per million hours worked. Revenue increased by 5% to $2 billion compared to the first quarter of 2024, driven by higher metal prices. Net income rose to $38 million, up from $22 million in the first quarter of the previous year. The company generated a positive free cash flow of $3 billion, aligning with expectations. Constellium SE (NYSE:CSTM) successfully resumed normal operations at its Valais site, which had been impacted by a flood, resulting in a lower cost structure. Shipments decreased by 2% to 372,000 tons compared to the first quarter of 2024, due to lower shipments in A&T and AS&I segments. Adjusted EBITDA, excluding metal price lag, was $140 million, down from $160 million in the previous year. The company faced a foreign exchange headwind of $4 million and a negative impact of $10 million from the Valais flood. The automotive segment experienced a 15% decrease in shipments due to weakness in both North America and Europe. The aerospace segment faced a 14% decrease in adjusted EBITDA due to lower shipments and continued supply chain challenges. Q: Can you elaborate on what drove the first quarter results ahead of expectations? A: Jean-Marc Germain, CEO, highlighted strong performance at the Muscle Shoals plant and progress on the Vision '25 cost reduction and operating efficiencies program as key drivers. Jack Guo, CFO, added that the A&T business unit performed better than expected due to improved cost control and timing of higher-margin volumes. Q: Is the aerospace inventory issue resolved? A: Jean-Marc Germain, CEO, stated that while Constellium's inventories are under control, the aerospace supply chain is still struggling to ramp up, with challenges expected to persist throughout the year. Q: What is the outlook for the aerospace and automotive markets in the coming quarters? A: Jean-Marc Germain, CEO, expects aerospace to remain choppy but believes progress is sustainable. For automotive, the outlook is uncertain due to tariffs, but Constellium's conservative guidance reflects current market conditions. Q: How are tariffs impacting Constellium's costs and opportunities? A: Jean-Marc Germain, CEO, explained that tariffs present both challenges and opportunities. The company faces a $20 million cost impact from Canadian extrusions but is working on pass-throughs and cost mitigation. Tariffs also create opportunities by making domestic production more competitive. Q: How should we think about scrap spreads and their impact on Constellium's financials? A: Jean-Marc Germain, CEO, noted that while scrap spreads have improved, the company smooths the impact through annual and quarterly contracts. Current spreads are better, providing a positive impact included in the guidance. Q: What is the impact of Airbus increasing production at its Alabama facility? A: Jean-Marc Germain, CEO, stated that increased production would be positive for Constellium, as their contract with Airbus is requirements-driven, leading to more volumes and potential benefits. Q: What are the prospects for European defense demand and TID markets? A: Jean-Marc Germain, CEO, mentioned positive signs in European defense demand, with increased inventories and production readiness. Long-term prospects depend on the implementation of increased defense spending plans. Q: How is Constellium managing the current market uncertainties? A: Jean-Marc Germain, CEO, emphasized the company's focus on cost control, seizing opportunities, and building a stronger company to navigate through market challenges. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
