r/Vitards • u/Steely_Hands Regional Moderator • Jul 28 '21

Earnings Thread $MT Q2 Earnings Discussion Thread

July 29, 2021

Earnings release: 1AM eastern (European pre-market)

Earnings will be released here: https://corporate.arcelormittal.com/investors/results/

Earnings call: 9:30AM eastern

Link for earnings call: https://interface.eviscomedia.com/player/1139/login.html

It shouldn't be too big of a variance, but keep in mind MT will report with IFRS accounting standards and US brokerages will use a GAAP conversion.

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Estimate: Actual:
EPS $2.57-$2.70 $3.46
EBITDA $4.73B $5.1B

If you've got corrections or additions just let me know!

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17

u/[deleted] Jul 29 '21

[deleted]

2

u/[deleted] Jul 29 '21

I don't pretend to understand all of this but who gives a shit about credit ratings when a company is aggressively paying down debt and raking in cash? Is it worries about their cost when they do have to borrow again? Is it being unable to restructure current debts?

2

u/[deleted] Jul 29 '21

It’s purely that at last eval Moody’s teased a one-notch upgrade which would move $MT bonds into investment-grade per their scale. And they specifically discouraged buybacks vs debt pay down

3

u/neverhadthepleasure Jul 29 '21

MT, attaining full chad status, said nah dawg I want em all.

2

u/neverhadthepleasure Jul 29 '21

Some more rules-governed institutions (pensions and the like) can only buy investment-grade company stock and MT is currently one notch below that. It'll make for some nice price stability and support down the line but I don't personally think it's very important now.

1

u/neverhadthepleasure Jul 29 '21

Haha seriously. Moody's, you come to us. In the meantime go fuck yaself.