Ternium SA (TX) Company Overview

TX is an attractive stock for several reasons, including its good dividend and low price-to-earnings ratios. However, it has faced challenges due to difficult conditions in the steel market and uncertainty around tariffs. Despite these issues, TX has performed reasonably well, and there are hopes that 2025 may be a stronger year than 2024.

Investors should closely monitor Ternium (TX) stock due to recent changes in the options market.

LUXEMBOURG / ACCESSWIRE / December 6, 2024 / Ternium S.A. (NYSE:TX) announced that the Brazilian Superior Court of Justice (SCJ) has today released its unanimous decision to deny a request for clarification made by Ternium's subsidiaries, Ternium Investments and Ternium Argentina, along with Tenaris's subsidiary Confab. This request aimed to overturn the SCJ's June 18, 2024 ruling, which required the T/T Group to compensate Companhia Siderúrgica Nacional (CSN) related to their 2012 investment in Usiminas.

Ternium currently has a net debt of $1.46 billion and has generated impressive free cash flow over the past five years. Even though the global price of steel has dropped, the company has continued to perform well financially. In the second quarter of 2024, Ternium's shipments of steel products reached 4,123 tons, which is a 7% increase from the previous quarter.

Ternium S.A. (NYSE:TX) will hold its Q3 2024 Earnings Conference Call on November 6, 2024, at 8:30 AM ET. The call will feature company representatives including Sebastian Marti, Maximo Vedoya, and Pablo Brizzio. Participants from various financial institutions will also join the call.

LUXEMBOURG / ACCESSWIRE / November 5, 2024 / Ternium S.A. (NYSE:TX) has released its financial results for the third quarter and the first nine months that ended on September 30, 2024.

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

Ternium announced disappointing results for Q2'24 and lowered its EBITDA expectations for Q3'24 due to strong pressure on steel prices and rising production costs. Despite these challenges, Ternium's profit per tonne remains competitive compared to other global producers, and demand is expected to rise later this year. The company is well-positioned to benefit from increased manufacturing growth in Mexico and a shift towards local production in important sectors like automotive.

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.