Arcelormittal Stock Price, News & Analysis

ArcelorMittal (MT) reported its Q4 and full-year 2024 results, showing resilient performance despite challenging market conditions. The company achieved FY 2024 EBITDA of $7.1 billion ($130/tonne) and adjusted net income of $2.3 billion ($2.95 per share).

The company generated $4.9 billion in operating cash flow and invested $2.8 billion in maintenance capex. Strategic investments included $1.3 billion in growth projects and $1.7 billion returned to shareholders. Net debt stood at $5.1 billion at year-end.

Key developments include the completion of strategic projects in India and Brazil, revision of the Liberia iron ore expansion to 20Mt, and progress on new EAF facilities. The company repurchased 52 million shares in 2024, reducing outstanding shares by 6.3%. The Board proposed increasing the annual base dividend to $0.55/share for FY 2025.

ArcelorMittal (MT) has released its Q4 and full-year 2024 sell-side analyst consensus figures, compiled by Visible Alpha from approximately 15 brokers who continuously cover the company. The consensus estimates, based on 13 participating analysts, project:

For Q4 2024:
- EBITDA: $1,529 million
- Net income: $319 million
- Earnings per share: $0.41

For Full Year 2024:
- EBITDA: $6,929 million
- Net income: $2,044 million
- Earnings per share: $2.55

The company emphasizes that these estimates are independently compiled without ArcelorMittal's involvement in the collection or compilation process, and the company is not responsible for analysts' views.

ArcelorMittal has announced that notifications regarding share transactions conducted by Designated Persons (Directors or Executive Officers) have been made available for public viewing. These notifications, required under Article 19(3) of the EU Market Abuse Regulations, can be accessed through two official channels: the Luxembourg Stock Exchange's electronic database OAM on www.bourse.lu and ArcelorMittal's corporate website under the Investors section.

ArcelorMittal has announced that notifications regarding share transactions conducted by Designated Persons (Directors or Executive Officers) are now publicly available. These notifications, in compliance with Article 19(3) of the EU Market Abuse Regulations, can be accessed through two official channels: the Luxembourg Stock Exchange's electronic database OAM at www.bourse.lu and ArcelorMittal's corporate website under the Investors section.

ArcelorMittal has announced the pricing of a dual-tranche bond offering totaling €1 billion, consisting of €500 million 3.125% notes due December 2028 and €500 million 3.500% notes due December 2031. The Notes will be issued under ArcelorMittal's €10 billion wholesale Euro Medium Term Notes Programme. The proceeds will be used for general corporate purposes and refinancing existing debt. The offering is expected to close on December 13, 2024, subject to customary conditions.

ArcelorMittal has announced its financial calendar for 2025, scheduling quarterly earnings results announcements for: February 6 (Q4 and full year 2024), May 2 (Q1 2025), July 31 (Q2 and half year 2025), and November 6 (Q3 2025). The Annual General Meeting of Shareholders is set for May 6, 2025.

The company, as one of the world's leading integrated steel and mining companies, operates in 60 countries with primary steelmaking facilities in 15 countries. In 2023, ArcelorMittal generated revenues of $68.3 billion, produced 58.1 million metric tonnes of crude steel and 42.0 million tonnes of iron ore.

ArcelorMittal has provided an update on its European decarbonization plans, indicating delays in its transition to lower-carbon DRI-EAF facilities. The company cites unfavorable European policy conditions, slow green hydrogen development, and customer willingness to pay premiums for low-carbon steel as key challenges. While maintaining its net-zero by 2050 commitment, the company is analyzing a phased approach starting with electric arc furnaces.

Current progress includes construction of a 1.1 million tonne EAF in Gijón, Spain, and expansion of Sestao plant capacity to 1.6 million tonnes by 2026. XCarb® low-carbon steel sales are expected to double to 400,000 tonnes this year. European operations have reduced absolute emissions by 28.2% since 2018.

ArcelorMittal reported Q3 2024 results with operating income of $0.7bn (vs $1.0bn in Q2 2024) and EBITDA of $1.6bn (vs $1.9bn in Q2 2024). Net income decreased to $287 million from $504 million in Q2. The company's net debt increased to $6.2bn following the acquisition of a 28.4% stake in Vallourec for $1.0bn and $0.3bn in share buybacks. Despite challenging market conditions, ArcelorMittal maintains structural improvements with EBITDA/t of $118/t in Q3. The company continues its share buyback program, having reduced share count by 37% since September 2020.

ArcelorMittal has released its third quarter 2024 sell-side analyst consensus figures, compiled by Visible Alpha from approximately 15 brokers who regularly cover the company. The consensus estimates for Q3 2024 project EBITDA of $1,488 million, net income of $420 million, and earnings per share of $0.53. The consensus is based on forecasts from 13 different brokers who have updated their estimates to reflect the Group's new EBITDA definition and reportable segmentation.