Profile
Sector:
Basic MaterialsIndustry:
Steel & IronCountry:
CanadaIPO:
04 March 2021Website:
http://algoma.comNext earnings report:
09 August 2024Last dividends:
28 February 2024Next dividends:
02 July 2024Price
after hours | Fri, 28 Jun 2024 22:46:18 GMTAnalysts recommendations
Institutional Ownership
ASTL Latest News
SAULT STE. MARIE, Ontario, June 24, 2024 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today announced that the Company will participate at the Stifel Canada's 3rd Annual Summer Solstice Conference on Monday, June 24, 2024 to Wednesday, June 26, 2024 in Minett, Muskoka Lakes. Prior to Algoma's attendance at this conference, the Company will post a copy of the presentation in the Investors section of its website.
Fourth Quarter Results In-Line with Previously Announced Expectations Plate and Strip Operations Running at Planned Production Levels Reaffirmed Outlook on Transformative Electric Arc Furnace (EAF) Project Provides Outlook for Q1 Fiscal 2025 Further Strengthened Liquidity with US$350 Million Senior Secured Second Lien Note Financing SAULT STE. MARIE, Ontario, June 20, 2024 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today announced results for its fiscal fourth quarter and full year ended March 31, 2024.
SAULT STE. MARIE, June 11, 2024 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, announced today that it has appointed Erin Oliver in a newly created role of Vice President - Health and Safety. Erin will report to CEO Mike Garcia and sit on the Company's senior leadership team.
SAULT STE. MARIE, Ontario, June 06, 2024 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, announced today that the Company will release its fiscal 2024 fourth quarter and full year financial results after the market closes on Thursday, June 20, 2024. A webcast and conference call will be held on Friday, June 21, 2024 at 11:00 a.m. Eastern Time to review the Company's results, discuss recent events, and conduct a question-and-answer session.
Algoma Steel Group Inc. (ASTL) Q3 2024 Earnings Call Transcript
SAULT STE. MARIE, Ontario, Jan. 29, 2024 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, announced today that the Company will release its fiscal 2024 third quarter financial results after the market closes on Tuesday, February 6, 2024. A webcast and conference call will be held on Wednesday, February 7, 2024 at 11:00 a.m. Eastern Time to review the Company's results, discuss recent events, and conduct a question-and-answer session.
Algoma Steel (ASTL) expects challenging third-quarter results due to soft demand, pricing issues from a UAW strike and seasonal maintenance.
Algoma Steel stock is undervalued due to its cost model and ongoing modernization efforts, which will expand production and lower costs. Earnings for the quarter were lower than expected due to UAW strikes and increased commodity input costs. Despite the mediocre earnings, Algoma Steel has made significant progress in de-risking its future prospects through plate mill modernization and the Electric Arc Furnace project.
Algoma Steel Group Inc. is a Canadian steel provider that meets the criteria of being oversold with compelling valuations and a robust balance sheet. The company's shares have been on a downward trend, but there is potential for support at the recent December lows, making it attractive to value investors. Algoma's valuation is significantly lower than the sector average, with cash flow, earnings, and sales all below industry standards.
SAULT STE. MARIE, Ontario, Oct. 23, 2023 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, announced today that the Company will release its fiscal 2024 second quarter financial results after the market closes on Thursday, November 2, 2023. A webcast and conference call will be held on Friday, November 3, 2023 at 10:00 a.m. Eastern Time to review the Company's results, discuss recent events, and conduct a question-and-answer session.
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What type of business is Algoma Steel?
Algoma Steel Group Inc. produces and sells steel products primarily in North America. It provides flat/sheet steel products, including temper rolling, cold rolled, hot-rolled pickled and oiled products, floor plate, and cut-to-length products for the automotive industry, hollow structural product manufacturers, and the light manufacturing and transportation industries; and plate steel products that consist of rolled, hot-rolled, and heat-treated for use in the construction or manufacture of railcars, buildings, bridges, off-highway equipment, storage tanks, ships, and military applications. Algoma Steel Group Inc. was founded in 1901 and is headquartered in Sault Ste. Marie, Canada.
What sector is Algoma Steel in?
Algoma Steel is in the Basic Materials sector
What industry is Algoma Steel in?
Algoma Steel is in the Steel & Iron industry
What country is Algoma Steel from?
Algoma Steel is headquartered in Canada
When did Algoma Steel go public?
Algoma Steel initial public offering (IPO) was on 04 March 2021
What is Algoma Steel website?
https://algoma.com
Is Algoma Steel in the S&P 500?
No, Algoma Steel is not included in the S&P 500 index
Is Algoma Steel in the NASDAQ 100?
No, Algoma Steel is not included in the NASDAQ 100 index
Is Algoma Steel in the Dow Jones?
No, Algoma Steel is not included in the Dow Jones index
When does Algoma Steel report earnings?
The next expected earnings date for Algoma Steel is 09 August 2024