Business
Constellium Reports Second Quarter and First Half 2025 Results; Raises Full Year 2025 Guidance
PARIS, July 29, 2025 (GLOBE NEWSWIRE) -- Constellium SE (NYSE: CSTM) ("Constellium" or the "Company") today reported results for the second quarter and the first half ended June 30, 2025. Second quarter 2025 highlights: Shipments of 384 thousand metric tons, up 2% compared to Q2 2024Revenue of $2.1 billion, up 9% compared to Q2 2024Net income of $36 million compared to net income of $77 million in Q2 2024Adjusted EBITDA of $146 million > Includes negative non-cash metal price lag impact of $13 m
About this update from Constellium Se
[{"type":"image","alt":"Constellium Paris","displaySize":"","headline":null,"caption":"Constellium Paris","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":109,"url":"https://media.zenfs.com/en/globenewswire.com/8581e4ae8f6bbefcebec8d093664d6fa"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/cWujnAxuq494Cf2ddVv0Jw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTE1MztjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/8581e4ae8f6bbefcebec8d093664d6fa","width":300,"height":109}},"lazy":false},{"type":"text","content":"PARIS, July 29, 2025 (GLOBE NEWSWIRE) -- Constellium SE (NYSE: CSTM) ("Constellium" or the "Company") today reported results for the second quarter and the first half ended June 30, 2025.","length":207,"tagName":"p"},{"type":"text","content":" Second quarter 2025 highlights: ","length":31,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Shipments of 384 thousand metric tons, up 2% compared to Q2 2024","length":64,"tagName":"p"}]},{"val":[{"type":"text","content":"Revenue of $2.1 billion, up 9% compared to Q2 2024","length":50,"tagName":"p"}]},{"val":[{"type":"text","content":"Net income of $36 million compared to net income of $77 million in Q2 2024","length":74,"tagName":"p"}]},{"val":[{"type":"text","content":"Adjusted EBITDA of $146 million > Includes negative non-cash metal price lag impact of $13 million","length":115,"tagName":"p"}]},{"val":[{"type":"text","content":"Segment Adjusted EBITDA of $78 million at A&T, $74 million at P&ARP, $18 million at AS&I, and $(12) million at H&C","length":130,"tagName":"p"}]},{"val":[{"type":"text","content":"Cash from Operations of $114 million and Free Cash Flow of $41 million","length":70,"tagName":"p"}]},{"val":[{"type":"text","content":"Repurchased 3.4 million shares of the Company stock for $35 million ","length":67,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":570,"olType":false},{"type":"text","content":" First half 2025 highlights: ","length":28,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Shipments of 756 thousand metric tons, stable compared to H1 2024","length":65,"tagName":"p"}]},{"val":[{"type":"text","content":"Revenue of $4.1 billion, up 7% compared to H1 2024","length":50,"tagName":"p"}]},{"val":[{"type":"text","content":"Net income of $74 million compared to net income of $99 million in H1 2024","length":74,"tagName":"p"}]},{"val":[{"type":"text","content":"Adjusted EBITDA of $332 million > Includes positive non-cash metal price lag impact of $33 million","length":115,"tagName":"p"}]},{"val":[{"type":"text","content":"Segment Adjusted EBITDA of $153 million at A&T, $135 million at P&ARP, $34 million at AS&I, and $(23) million at H&C","length":132,"tagName":"p"}]},{"val":[{"type":"text","content":"Cash from Operations of $172 million and Free Cash Flow of $38 million","length":70,"tagName":"p"}]},{"val":[{"type":"text","content":"Repurchased 4.8 million shares of the Company stock for $50 million","length":72,"tagName":"p"}]},{"val":[{"type":"text","content":"Leverage of 3.6x at June 30, 2025","length":33,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":611,"olType":false},{"type":"table","headerItems":[],"items":[{"val":[{"colspan":"2","style":"border-bottom:solid black 1pt;text-align:center;vertical-align:middle;vertical-align:top;","val":[{"type":"text","content":" Media Contacts ","length":14,"tagName":"p","attribs":{}}]},{"style":"text-align:center;vertical-align:middle;vertical-align:top;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"max-width:49%;width:49%;min-width:49%;vertical-align:top;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"max-width:50%;width:50%;min-width:50%;vertical-align:top;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"max-width:1%;width:1%;min-width:1%;vertical-align:top;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"vertical-align:top;","val":[{"type":"text","content":" Investor Relations ","length":18,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;vertical-align:top;","val":[{"type":"text","content":" Communications ","length":14,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;vertical-align:top;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"vertical-align:top;","val":[{"type":"text","content":"Jason Hershiser","length":15,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;vertical-align:top;","val":[{"type":"text","content":"Delphine Dahan-Kocher","length":21,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;vertical-align:top;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"vertical-align:top;","val":[{"type":"text","content":"Phone: +1 443 988 0600","length":22,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;vertical-align:top;","val":[{"type":"text","content":"Phone: +1 443 420 7860","length":22,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;vertical-align:top;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"vertical-align:top;","val":[{"type":"text","content":"[email protected]","length":34,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;vertical-align:top;","val":[{"type":"text","content":"[email protected]","length":37,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;vertical-align:top;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"vertical-align:top;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;vertical-align:top;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;vertical-align:top;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]}]}],"length":240},{"type":"text","content":"Jean-Marc Germain, Constellium’s Chief Executive Officer said, “Constellium delivered solid results in the second quarter despite continued demand weakness across most of our end markets outside of packaging. As I said last quarter, I am proud of our team for their relentless focus on cost reduction efforts and commercial and capital discipline in this uncertain environment. Free Cash Flow was strong at $41 million in the quarter. We repurchased 3.4 million shares for $35 million during the quarter, and we ended the quarter with leverage at 3.6x. We expect this to be the peak for leverage and to trend down as we move through the rest of the year.”","length":655,"tagName":"p"},{"type":"text","content":"Mr. Germain concluded, “While the tariff and international trade situation remains fluid, given our solid performance in the first half and based on our current outlook, we are raising our guidance for 2025 and now expect Adjusted EBITDA to be in the range of $620 million to $650 million, excluding the non-cash impact of metal price lag, and Free Cash Flow in excess of $120 million. Our guidance assumes that the overall macroeconomic and end market environment will remain relatively stable. We also remain confident in our ability to deliver on our long-term target of Adjusted EBITDA of $900 million, excluding the non-cash impact of metal price lag, and Free Cash Flow of $300 million, in 2028. We will continue to closely monitor the situation and update our guidance as necessary. Our focus remains on executing our strategy, driving operational performance, generating Free Cash Flow and increasing shareholder value.”","length":928,"tagName":"p"},{"type":"readMore"},{"type":"text","content":" Group Summary ","length":13,"tagName":"p"},{"type":"table","headerItems":[],"items":[{"val":[{"style":"border-bottom:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"colspan":"2","style":"border-top:solid black 1pt;border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" Q2 2025 ","length":7,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" Q2 2024 ","length":7,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" Var. ","length":4,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" YTD 2025 ","length":8,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" YTD 2024 ","length":8,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" Var. ","length":4,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-right:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"max-width:34%;width:34%;min-width:34%;border-bottom:solid black 1pt;border-left:solid black 1pt;vertical-align:middle;text-align:left;padding-left:10.0px;vertical-align:bottom;","val":[{"type":"text","content":"Shipments (k metric tons)","length":25,"tagName":"p","attribs":{}}]},{"style":"max-width:10%;width:10%;min-width:10%;border-bottom:solid black 1pt;border-left:solid black 1pt;padding-right:0;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"384","length":3,"tagName":"p","attribs":{}}]},{"style":"max-width:1%;width:1%;min-width:1%;border-bottom:solid black 1pt;padding-left:0;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"max-width:10%;width:10%;min-width:10%;border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"378","length":3,"tagName":"p","attribs":{}}]},{"style":"max-width:1%;width:1%;min-width:1%;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"max-width:10%;width:10%;min-width:10%;border-bottom:solid black 1pt;border-left:solid black 1pt;padding-right:0;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"2%","length":2,"tagName":"p","attribs":{}}]},{"style":"max-width:1%;width:1%;min-width:1%;border-bottom:solid black 1pt;padding-left:0;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"max-width:10%;width:10%;min-width:10%;border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"756","length":3,"tagName":"p","attribs":{}}]},{"style":"max-width:1%;width:1%;min-width:1%;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"max-width:10%;width:10%;min-width:10%;border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"758","length":3,"tagName":"p","attribs":{}}]},{"style":"max-width:1%;width:1%;min-width:1%;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"max-width:10%;width:10%;min-width:10%;border-bottom:solid black 1pt;border-left:solid black 1pt;padding-right:0;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"0%","length":2,"tagName":"p","attribs":{}}]},{"style":"max-width:1%;width:1%;min-width:1%;border-right:solid black 1pt;border-bottom:solid black 1pt;padding-left:0;text-align:left;vertical-align:middle;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;vertical-align:middle;text-align:left;padding-left:10.0px;vertical-align:bottom;","val":[{"type":"text","content":"Revenue ($ millions)","length":20,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;padding-right:0;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"2,103","length":5,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;padding-left:0;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"1,932","length":5,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;padding-right:0;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"9%","length":2,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;padding-left:0;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"4,082","length":5,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"3,812","length":5,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;padding-right:0;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"7%","length":2,"tagName":"p","attribs":{}}]},{"style":"border-right:solid black 1pt;border-bottom:solid black 1pt;padding-left:0;text-align:left;vertical-align:middle;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;vertical-align:middle;text-align:left;padding-left:10.0px;vertical-align:bottom;","val":[{"type":"text","content":"Net income ($ millions)","length":23,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;padding-right:0;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"36","length":2,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;padding-left:0;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"77","length":2,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"(53)%","length":5,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"74","length":2,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"99","length":2,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"(25)%","length":5,"tagName":"p","attribs":{}}]},{"style":"border-right:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;vertical-align:middle;text-align:left;padding-left:10.0px;vertical-align:bottom;","val":[{"type":"text","content":"Adjusted EBITDA ($ millions)","length":28,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;padding-right:0;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"146","length":3,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;padding-left:0;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"225","length":3,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"n.m.","length":4,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"332","length":3,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"371","length":3,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"n.m.","length":4,"tagName":"p","attribs":{}}]},{"style":"border-right:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;vertical-align:middle;text-align:left;padding-left:10.0px;vertical-align:bottom;","val":[{"type":"text","content":"Metal price lag (non-cash) ($ millions)","length":39,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;padding-right:0;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"(13)","length":4,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;padding-left:0;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"45","length":2,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"n.m.","length":4,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"33","length":2,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"31","length":2,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"n.m.","length":4,"tagName":"p","attribs":{}}]},{"style":"border-right:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"vertical-align:middle;text-align:left;padding-left:10.0px;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"colspan":"2","style":"vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"colspan":"2","style":"vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]}]}],"length":475},{"type":"text","content":" The difference between the sum of reported segment revenue and total group revenue includes revenue from certain non-core activities and inter-segment eliminations. The difference between the sum of reported Segment Adjusted EBITDA and the Group Adjusted EBITDA is related to Holdings and Corporate and the non-cash impact of metal price lag. ","length":342,"tagName":"p"},{"type":"text","content":"For the second quarter of 2025, shipments of 384 thousand metric tons increased 2% compared to the second quarter of 2024 due to higher shipments in the P&ARP segment, partially offset by lower shipments in the A&T and AS&I segments. Revenue of $2.1 billion increased 9% compared to the second quarter of the prior year primarily due to higher shipments, favorable sales price and mix, including higher metal prices, and favorable foreign exchange translation. Net income of $36 million decreased $41 million compared to net income of $77 million in the second quarter of 2024. Adjusted EBITDA of $146 million decreased $79 million compared to Adjusted EBITDA of $225 million in the second quarter of last year primarily due to an unfavorable change in the non-cash metal price lag impact and weaker results in our A&T, AS&I and H&C segments. This was partially offset by stronger results in our P&ARP segment and favorable foreign exchange translation.","length":981,"tagName":"p"},{"type":"text","content":"For the first half of 2025, shipments of 756 thousand metric tons were stable compared to the first half of 2024 due to higher shipments in the P&ARP segment offset by lower shipments in the A&T and AS&I segments. Revenue of $4.1 billion increased 7% compared to the first half of 2024 primarily due to favorable sales price and mix, including higher metal prices. Net income of $74 million decreased $25 million compared to net income of $99 million in the first half of 2024. Adjusted EBITDA of $332 million decreased $39 million compared to the first half of 2024 due to weaker results in our A&T, AS&I and H&C segments, partially offset by stronger results in our P&ARP segment.","length":710,"tagName":"p"},{"type":"text","content":" Results by Segment ","length":18,"tagName":"p"},{"type":"text","content":" Aerospace & Transportation (A&T) ","length":40,"tagName":"p"},{"type":"table","headerItems":[],"items":[{"val":[{"style":"max-width:34%;width:34%;min-width:34%;border-bottom:solid black 1pt;vertical-align:middle;text-align:left;padding-left:10.0px;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"max-width:10%;width:10%;min-width:10%;border-top:solid black 1pt;border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" Q2 2025 ","length":7,"tagName":"p","attribs":{}}]},{"style":"max-width:1%;width:1%;min-width:1%;border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"max-width:10%;width:10%;min-width:10%;border-top:solid black 1pt;border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" Q2 2024 ","length":7,"tagName":"p","attribs":{}}]},{"style":"max-width:1%;width:1%;min-width:1%;border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"max-width:10%;width:10%;min-width:10%;border-top:solid black 1pt;border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" Var. ","length":4,"tagName":"p","attribs":{}}]},{"style":"max-width:1%;width:1%;min-width:1%;border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"max-width:10%;width:10%;min-width:10%;border-top:solid black 1pt;border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" YTD 2025 ","length":8,"tagName":"p","attribs":{}}]},{"style":"max-width:1%;width:1%;min-width:1%;border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"max-width:10%;width:10%;min-width:10%;border-top:solid black 1pt;border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" YTD 2024 ","length":8,"tagName":"p","attribs":{}}]},{"style":"max-width:1%;width:1%;min-width:1%;border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"max-width:10%;width:10%;min-width:10%;border-top:solid black 1pt;border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" Var. ","length":4,"tagName":"p","attribs":{}}]},{"style":"max-width:1%;width:1%;min-width:1%;border-top:solid black 1pt;border-right:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;vertical-align:middle;text-align:left;padding-left:10.0px;vertical-align:bottom;","val":[{"type":"text","content":"Shipments (k metric tons)","length":25,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"53","length":2,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"60","length":2,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"(11)%","length":5,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"104","length":3,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"117","length":3,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"(11)%","length":5,"tagName":"p","attribs":{}}]},{"style":"border-right:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;vertical-align:middle;text-align:left;padding-left:10.0px;vertical-align:bottom;","val":[{"type":"text","content":"Revenue ($ millions)","length":20,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"492","length":3,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"487","length":3,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;padding-right:0;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"1%","length":2,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;padding-left:0;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"960","length":3,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"966","length":3,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"(1)%","length":4,"tagName":"p","attribs":{}}]},{"style":"border-right:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;vertical-align:middle;text-align:left;padding-left:10.0px;vertical-align:bottom;","val":[{"type":"text","content":"Segment Adjusted EBITDA ($ millions)","length":36,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"78","length":2,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"90","length":2,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"(13)%","length":5,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"153","length":3,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"177","length":3,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"(14)%","length":5,"tagName":"p","attribs":{}}]},{"style":"border-right:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;vertical-align:middle;text-align:left;padding-left:10.0px;vertical-align:bottom;","val":[{"type":"text","content":"Segment Adjusted EBITDA per metric ton ($)","length":42,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"1,467","length":5,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"1,506","length":5,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"(3)%","length":4,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"1,468","length":5,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"1,511","length":5,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"(3)%","length":4,"tagName":"p","attribs":{}}]},{"style":"border-right:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"vertical-align:middle;text-align:left;padding-left:10.0px;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"colspan":"2","style":"vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]}]}],"length":423},{"type":"text","content":"For the second quarter of 2025, Segment Adjusted EBITDA of $78 million decreased 13% compared to the second quarter of 2024 primarily due to lower shipments, partially offset by favorable price and mix, lower operating costs and favorable foreign exchange translation. Shipments of 53 thousand metric tons decreased 11% compared to the second quarter of 2024 due to lower shipments of aerospace and transportation, industry and defense (TID) rolled products. Revenue of $492 million increased 1% compared to the second quarter of 2024 primarily due to favorable sales price and mix, including higher metal prices, and favorable foreign exchange translation, mostly offset by lower shipments.","length":691,"tagName":"p"},{"type":"text","content":"For the first half of 2025, Segment Adjusted EBITDA of $153 million decreased 14% compared to the first half of 2024 primarily due to lower shipments and unfavorable price and mix, partially offset by lower operating costs. Shipments of 104 thousand metric tons decreased 11% compared to the first half of 2024 due to lower shipments of aerospace and TID rolled products. Revenue of $960 million decreased 1% compared to the first half of 2024 primarily due to lower shipments, mostly offset by favorable sales price and mix, including higher metal prices.","length":556,"tagName":"p"},{"type":"text","content":" Packaging & Automotive Rolled Products (P&ARP) ","length":54,"tagName":"p"},{"type":"table","headerItems":[],"items":[{"val":[{"style":"max-width:34%;width:34%;min-width:34%;border-bottom:solid black 1pt;vertical-align:middle;text-align:left;padding-left:10.0px;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"max-width:10%;width:10%;min-width:10%;border-top:solid black 1pt;border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" Q2 2025 ","length":7,"tagName":"p","attribs":{}}]},{"style":"max-width:1%;width:1%;min-width:1%;border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"max-width:10%;width:10%;min-width:10%;border-top:solid black 1pt;border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" Q2 2024 ","length":7,"tagName":"p","attribs":{}}]},{"style":"max-width:1%;width:1%;min-width:1%;border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"max-width:10%;width:10%;min-width:10%;border-top:solid black 1pt;border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" Var. ","length":4,"tagName":"p","attribs":{}}]},{"style":"max-width:1%;width:1%;min-width:1%;border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"max-width:10%;width:10%;min-width:10%;border-top:solid black 1pt;border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" YTD 2025 ","length":8,"tagName":"p","attribs":{}}]},{"style":"max-width:1%;width:1%;min-width:1%;border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"max-width:10%;width:10%;min-width:10%;border-top:solid black 1pt;border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" YTD 2024 ","length":8,"tagName":"p","attribs":{}}]},{"style":"max-width:1%;width:1%;min-width:1%;border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"max-width:10%;width:10%;min-width:10%;border-top:solid black 1pt;border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" Var. ","length":4,"tagName":"p","attribs":{}}]},{"style":"max-width:1%;width:1%;min-width:1%;border-top:solid black 1pt;border-right:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;vertical-align:middle;text-align:left;padding-left:10.0px;vertical-align:bottom;","val":[{"type":"text","content":"Shipments (k metric tons)","length":25,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"276","length":3,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"262","length":3,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;padding-right:0;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"5%","length":2,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;padding-left:0;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"545","length":3,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"526","length":3,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;padding-right:0;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"4%","length":2,"tagName":"p","attribs":{}}]},{"style":"border-right:solid black 1pt;border-bottom:solid black 1pt;padding-left:0;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;vertical-align:middle;text-align:left;padding-left:10.0px;vertical-align:bottom;","val":[{"type":"text","content":"Revenue ($ millions)","length":20,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"1,235","length":5,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"1,079","length":5,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;padding-right:0;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"14%","length":3,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;padding-left:0;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"2,422","length":5,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"2,097","length":5,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;padding-right:0;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"15%","length":3,"tagName":"p","attribs":{}}]},{"style":"border-right:solid black 1pt;border-bottom:solid black 1pt;padding-left:0;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;vertical-align:middle;text-align:left;padding-left:10.0px;vertical-align:bottom;","val":[{"type":"text","content":"Segment Adjusted EBITDA ($ millions)","length":36,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"74","length":2,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"66","length":2,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;padding-right:0;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"12%","length":3,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;padding-left:0;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"135","length":3,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"114","length":3,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;padding-right:0;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"18%","length":3,"tagName":"p","attribs":{}}]},{"style":"border-right:solid black 1pt;border-bottom:solid black 1pt;padding-left:0;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;vertical-align:middle;text-align:left;padding-left:10.0px;vertical-align:bottom;","val":[{"type":"text","content":"Segment Adjusted EBITDA per metric ton ($)","length":42,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"268","length":3,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"252","length":3,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;padding-right:0;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"6%","length":2,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;padding-left:0;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"248","length":3,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"217","length":3,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;padding-right:0;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"14%","length":3,"tagName":"p","attribs":{}}]},{"style":"border-right:solid black 1pt;border-bottom:solid black 1pt;padding-left:0;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"vertical-align:middle;text-align:left;padding-left:10.0px;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]}]}],"length":410},{"type":"text","content":"For the second quarter of 2025, Segment Adjusted EBITDA of $74 million increased 12% compared to the second quarter of 2024 primarily due to higher shipments and improved Muscle Shoals performance, lower operating costs and favorable foreign exchange translation, partially offset by unfavorable price and mix and unfavorable metal costs. Shipments of 276 thousand metric tons increased 5% compared to the second quarter of 2024 due to higher shipments of packaging rolled products, partially offset by lower shipments of automotive rolled products. Revenue of $1.2 billion increased 14% compared to the second quarter of 2024 primarily due to higher shipments, favorable sales price and mix, including higher metal prices, and favorable foreign exchange translation.","length":767,"tagName":"p"},{"type":"text","content":"For the first half of 2025, Segment Adjusted EBITDA of $135 million increased 18% compared to the first half of 2024 primarily due to higher shipments and improved Muscle Shoals performance, favorable price and mix and lower operating costs, partially offset by unfavorable metal costs. Shipments of 545 thousand metric tons increased 4% compared to the first half of 2024 due to higher shipments of packaging rolled products, partially offset by lower shipments of automotive and specialty rolled products. Revenue of $2.4 billion increased 15% compared to the first half of 2024 primarily due to higher shipments and favorable sales price and mix, including higher metal prices.","length":680,"tagName":"p"},{"type":"text","content":" Automotive Structures & Industry (AS&I) ","length":47,"tagName":"p"},{"type":"table","headerItems":[],"items":[{"val":[{"style":"max-width:34%;width:34%;min-width:34%;border-bottom:solid black 1pt;vertical-align:middle;text-align:left;padding-left:10.0px;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"max-width:10%;width:10%;min-width:10%;border-top:solid black 1pt;border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" Q2 2025 ","length":7,"tagName":"p","attribs":{}}]},{"style":"max-width:1%;width:1%;min-width:1%;border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"max-width:10%;width:10%;min-width:10%;border-top:solid black 1pt;border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" Q2 2024 ","length":7,"tagName":"p","attribs":{}}]},{"style":"max-width:1%;width:1%;min-width:1%;border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"max-width:10%;width:10%;min-width:10%;border-top:solid black 1pt;border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" Var. ","length":4,"tagName":"p","attribs":{}}]},{"style":"max-width:1%;width:1%;min-width:1%;border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"max-width:10%;width:10%;min-width:10%;border-top:solid black 1pt;border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" YTD 2025 ","length":8,"tagName":"p","attribs":{}}]},{"style":"max-width:1%;width:1%;min-width:1%;border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"max-width:10%;width:10%;min-width:10%;border-top:solid black 1pt;border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" YTD 2024 ","length":8,"tagName":"p","attribs":{}}]},{"style":"max-width:1%;width:1%;min-width:1%;border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"max-width:10%;width:10%;min-width:10%;border-top:solid black 1pt;border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" Var. ","length":4,"tagName":"p","attribs":{}}]},{"style":"max-width:1%;width:1%;min-width:1%;border-top:solid black 1pt;border-right:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;vertical-align:middle;text-align:left;padding-left:10.0px;vertical-align:bottom;","val":[{"type":"text","content":"Shipments (k metric tons)","length":25,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"55","length":2,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"56","length":2,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"(1)%","length":4,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"107","length":3,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"115","length":3,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"(7)%","length":4,"tagName":"p","attribs":{}}]},{"style":"border-right:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;vertical-align:middle;text-align:left;padding-left:10.0px;vertical-align:bottom;","val":[{"type":"text","content":"Revenue ($ millions)","length":20,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"421","length":3,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"384","length":3,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;padding-right:0;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"10%","length":3,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;padding-left:0;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"802","length":3,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"779","length":3,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;padding-right:0;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"3%","length":2,"tagName":"p","attribs":{}}]},{"style":"border-right:solid black 1pt;border-bottom:solid black 1pt;padding-left:0;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;vertical-align:middle;text-align:left;padding-left:10.0px;vertical-align:bottom;","val":[{"type":"text","content":"Segment Adjusted EBITDA ($ millions)","length":36,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"18","length":2,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"30","length":2,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"(40)%","length":5,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"34","length":2,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"63","length":2,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"(46)%","length":5,"tagName":"p","attribs":{}}]},{"style":"border-right:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;vertical-align:middle;text-align:left;padding-left:10.0px;vertical-align:bottom;","val":[{"type":"text","content":"Segment Adjusted EBITDA per metric ton ($)","length":42,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"329","length":3,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"540","length":3,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"(39)%","length":5,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"317","length":3,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"549","length":3,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;border-left:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"(42)%","length":5,"tagName":"p","attribs":{}}]},{"style":"border-right:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"vertical-align:middle;text-align:left;padding-left:10.0px;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"colspan":"2","style":"vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"colspan":"2","style":"vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]}]}],"length":410},{"type":"text","content":"For the second quarter of 2025, Segment Adjusted EBITDA of $18 million decreased 40% compared to the second quarter of 2024 primarily due to unfavorable price and mix and the unfavorable net impact from tariffs, partially offset by lower operating costs and favorable foreign exchange translation. Shipments of 55 thousand metric tons decreased 1% compared to the second quarter of the prior year due to lower shipments of automotive extruded products mostly offset by higher shipments of other extruded products. Revenue of $421 million increased 10% compared to the second quarter of 2024 primarily due to favorable sales price and mix, including higher metal prices, and favorable foreign exchange translation.","length":713,"tagName":"p"},{"type":"text","content":"For the first half of 2025, Segment Adjusted EBITDA of $34 million decreased 46% compared to the first half of 2024 primarily due to lower shipments, unfavorable price and mix and the unfavorable net impact from tariffs, partially offset by lower operating costs. Shipments of 107 thousand metric tons decreased 7% compared to the first half of 2024 due to lower shipments of automotive extruded products, partially offset by higher shipments of other extruded products. Revenue of $802 million increased 3% compared to the first half of 2024 primarily due to favorable sales price and mix, including higher metal prices, partially offset by lower shipments and unfavorable price and mix.","length":688,"tagName":"p"},{"type":"text","content":" The following table reconciles the total of our segments’ measures of profitability to the group’s net income: ","length":110,"tagName":"p"},{"type":"table","headerItems":[],"items":[{"val":[{"style":"vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"colspan":"5","style":"border-bottom:solid black 1pt;text-align:center;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" Three months ended June 30, ","length":27,"tagName":"p","attribs":{}}]},{"style":"vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"colspan":"5","style":"border-bottom:solid black 1pt;text-align:center;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" Six months ended June 30, ","length":25,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"border-bottom:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":" (in millions of U.S. dollar) ","length":28,"tagName":"p","attribs":{}}]},{"style":"vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"colspan":"2","style":"border-bottom:solid black 1pt;padding-right:0;text-align:center;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" 2025 ","length":4,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:center;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"colspan":"2","style":"border-top:solid black 1pt;border-bottom:solid black 1pt;padding-right:0;text-align:center;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" 2024 ","length":4,"tagName":"p","attribs":{}}]},{"style":"text-align:center;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"colspan":"2","style":"border-bottom:solid black 1pt;padding-right:0;text-align:center;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" 2025 ","length":4,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:center;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"colspan":"2","style":"border-top:solid black 1pt;border-bottom:solid black 1pt;padding-right:0;text-align:center;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" 2024 ","length":4,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"max-width:48%;width:48%;min-width:48%;vertical-align:bottom;","val":[{"type":"text","content":"A&T","length":7,"tagName":"p","attribs":{}}]},{"style":"max-width:1%;width:1%;min-width:1%;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"max-width:11%;width:11%;min-width:11%;padding-right:0;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"78","length":2,"tagName":"p","attribs":{}}]},{"style":"max-width:1%;width:1%;min-width:1%;padding-left:0;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"max-width:1%;width:1%;min-width:1%;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"max-width:11%;width:11%;min-width:11%;padding-right:0;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"90","length":2,"tagName":"p","attribs":{}}]},{"style":"max-width:1%;width:1%;min-width:1%;padding-left:0;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"max-width:1%;width:1%;min-width:1%;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"max-width:11%;width:11%;min-width:11%;padding-right:0;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"153","length":3,"tagName":"p","attribs":{}}]},{"style":"max-width:1%;width:1%;min-width:1%;padding-left:0;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"max-width:1%;width:1%;min-width:1%;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"max-width:11%;width:11%;min-width:11%;padding-right:0;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"177","length":3,"tagName":"p","attribs":{}}]},{"style":"max-width:1%;width:1%;min-width:1%;padding-left:0;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"vertical-align:bottom;","val":[{"type":"text","content":"P&ARP","length":9,"tagName":"p","attribs":{}}]},{"style":"vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"padding-right:0;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"74","length":2,"tagName":"p","attribs":{}}]},{"style":"padding-left:0;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"padding-right:0;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"66","length":2,"tagName":"p","attribs":{}}]},{"style":"padding-left:0;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"padding-right:0;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"135","length":3,"tagName":"p","attribs":{}}]},{"style":"padding-left:0;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"padding-right:0;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"114","length":3,"tagName":"p","attribs":{}}]},{"style":"padding-left:0;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"vertical-align:bottom;","val":[{"type":"text","content":"AS&I","length":8,"tagName":"p","attribs":{}}]},{"style":"vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"padding-right:0;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"18","length":2,"tagName":"p","attribs":{}}]},{"style":"padding-left:0;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"padding-right:0;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"30","length":2,"tagName":"p","attribs":{}}]},{"style":"padding-left:0;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"padding-right:0;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"34","length":2,"tagName":"p","attribs":{}}]},{"style":"padding-left:0;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"padding-right:0;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"63","length":2,"tagName":"p","attribs":{}}]},{"style":"padding-left:0;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"border-bottom:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":"Holdings and Corporate","length":22,"tagName":"p","attribs":{}}]},{"style":"vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;padding-right:0;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"(12)","length":4,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;padding-left:0;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;padding-right:0;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"(6)","length":3,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;padding-left:0;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;padding-right:0;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"(23)","length":4,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;padding-left:0;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;padding-right:0;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"(14)","length":4,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;padding-left:0;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"border-bottom:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":" Segment Adjusted EBITDA ","length":23,"tagName":"p","attribs":{}}]},{"style":"vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;padding-right:0;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" 159 ","length":3,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;padding-left:0;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;padding-right:0;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" 180 ","length":3,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;padding-left:0;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;padding-right:0;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" 299 ","length":3,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;padding-left:0;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;padding-right:0;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" 340 ","length":3,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;padding-left:0;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"border-bottom:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":"Metal price lag","length":15,"tagName":"p","attribs":{}}]},{"style":"vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;padding-right:0;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"(13)","length":4,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;padding-left:0;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;padding-right:0;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"45","length":2,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;padding-left:0;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;padding-right:0;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"33","length":2,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;padding-left:0;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;padding-right:0;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"31","length":2,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;padding-left:0;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"border-bottom:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":" Adjusted EBITDA ","length":15,"tagName":"p","attribs":{}}]},{"style":"vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;padding-right:0;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" 146 ","length":3,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;padding-left:0;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;padding-right:0;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" 225 ","length":3,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;padding-left:0;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;padding-right:0;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" 332 ","length":3,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;padding-left:0;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;padding-right:0;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" 371 ","length":3,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;padding-left:0;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"vertical-align:bottom;","val":[{"type":"text","content":"Other adjustments","length":17,"tagName":"p","attribs":{}}]},{"style":"vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"padding-right:0;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"(61)","length":4,"tagName":"p","attribs":{}}]},{"style":"padding-left:0;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"padding-right:0;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"(96)","length":4,"tagName":"p","attribs":{}}]},{"style":"padding-left:0;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"vertical-align:bottom;","val":[{"type":"text","content":" ","len...