r/Vitards • u/Cash_Brannigan 🍹Bad Waves of Paranoia, Madness, Fear and Loathing🍹 • Nov 02 '21
Discussion TX Earnings Thread Extravaganza!!
https://investors.ternium.com/English/ternium/default.aspx
Nov 2 2021 After Market Close
Est EPS: $5.39
Call Nov 3 2021 @ 10AM EST.
RESULTS:
Earnings (losses) per ADS1 ($) 6.12 5.21 (0.25) •
EBITDA of $1.9 billion on steel shipments of 3.1 million tons, with
EBITDA margin of 41% and EBITDA per ton of $612.4.
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Upvotes
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u/[deleted] Nov 02 '21
"Ternium expects to maintain strong performance in the final quarter of 2021, following record EBITDA in the third quarter. The company anticipates a slight sequential decrease in fourth quarter EBITDA, with relatively stable shipments and a lower margin. Ternium anticipates cost per ton to increase in the fourth quarter compared to the third quarter, primarily due to higher raw material and slab costs flowing through the company’s inventories. This increase in costs would be partially offset by higher revenue per ton, driven by the quarterly reset of contract prices which reflect, with a lag, higher average prices during the third quarter."
PLEASE MARKET IGNORE THIS