CONSTELLIUM SE Earnings Per Share Disclosure
Year ended December 31, | ||||||
(in millions of U.S. Dollars except share and per share amounts ) | 2025 | 2024 | 2023 | |||
Numerator: | ||||||
Net income attributable to equity holders of Constellium | 273 | 56 | 152 | |||
Denominator: | ||||||
Basic - weighted-average ordinary shares outstanding | 139,678,381 | 145,718,545 | 146,129,941 | |||
Dilutive effect of non-vested restricted stock units and performance- based restricted stock units | 2,262,839 | 2,285,621 | 2,341,994 | |||
Diluted - weighted-average ordinary shares, of restricted stock units and performance-based restricted stock units | 141,941,220 | 148,004,166 | 148,471,935 | |||
Basic earnings per share | $1.95 | $0.38 | $1.04 | |||
Diluted earnings per share | $1.92 | $0.38 | $1.03 | |||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 25, 2026 | Showing above |
| 2024 | Feb 28, 2025 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.