Ternium SANYSE: TX

LUXEMBOURG / ACCESSWIRE / September 26, 2024 / Ternium S.A. (NYSE:TX) today released its Sustainability Report 2023.

Ternium reported weaker-than-expected Q2'24 results and weaker EBITDA guidance for Q3'24, as the company is seeing significant steel price pressure and higher cash production costs. While this is not the best of times for Ternium, the company's per-tonne profitability still compares favorably to global producers (including Steel Dynamics) and demand should improve later this year. Ternium offers attractive leverage to significant manufacturing nearshoring growth in Mexico, as well as further import substitution in key markets like autos.

LUXEMBOURG / ACCESSWIRE / June 18, 2024 / Ternium S.A. (NYSE:TX) announced today that the Brazilian Superior Court of Justice (SCJ) resolved that Ternium's subsidiaries Ternium Investments and Ternium Argentina, and Tenaris's subsidiary Confab, all of which compose the T/T Group under the Usiminas shareholders agreement, should pay Companhia Siderúrgica Nacional, or CSN, an indemnification in connection with the acquisition by the T/T Group of a participation in Usiminas in January 2012.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Ternium steel shipments boomed 28% yoy in Q3 after taking a controlling interest in Brazilian steelmaker Usiminas. The company has expanded market share in Mexico and Brazil and is seeing steel prices bottoming out finally, although the positive impact to net income may not hit until Q124. Ternium consensus revenue estimates for 2024 have been revised upwards by 20% in the past three months.

Ternium S.A. (NYSE:TX ) Q3 2023 Earnings Conference Call November 1, 2023 8:30 AM ET Company Participants Sebastian Marti - Investor Relations Maximo Vedoya - Chief Executive Officer Pablo Brizzio - Chief Financial Officer Conference Call Participants Carlos de Alba - Morgan Stanley Timna Tanners - Wolfe Research Gabriel Simões - Goldman Sachs Rodolfo De Angele - JPMorgan Caio Greiner - BTG Pactual Camilla Barder - Bradesco Operator Thank you for standing by.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Ternium has been hit hard by sliding steel prices, but the company says headwinds could be easing. Ternium's decision to build a $2.2 billion electric arc furnace slab mill in northern Mexico has rattled some investors with respect to the stock's mid-term outlook.