Welcome to our dedicated page for Ternium news (Ticker: TX), a resource for investors and traders seeking the latest updates and insights on Ternium stock.
Ternium S.A. (TX) delivers essential steel solutions through integrated manufacturing and mining operations across the Americas. This news hub provides investors and industry professionals with comprehensive updates on the company's strategic initiatives, financial performance, and market positioning.
Access authoritative reporting on earnings announcements, production innovations, and leadership developments. Our curated collection includes press releases about facility expansions, sustainability efforts, and partnerships shaping the steel industry.
Key updates cover operational milestones in Mexico and Argentina, technological advancements in steel processing, and market analyses impacting construction and automotive sectors. Track regulatory developments and raw material supply chain updates critical to Ternium's integrated business model.
Bookmark this page for streamlined access to verified information about TX's mining operations, product innovations, and financial disclosures. Check regularly for insights into Latin America's steel market dynamics and Ternium's role in regional infrastructure development.
Ternium S.A. (NYSE:TX) has announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2024, with the U.S. Securities and Exchange Commission (SEC). The report is now accessible to stakeholders through both the SEC's website and Ternium's corporate website under the Investors section.
Ternium S.A. (NYSE:TX) has announced its upcoming Annual and Extraordinary General Meetings of Shareholders, scheduled for May 6, 2025 at 9:00 a.m. CET. Both meetings will take place at the company's registered office in Luxembourg.
Holders of ADSs as of March 31, 2025, can instruct The Bank of New York (the depositary bank) regarding voting rights for their shares. The company has made available key documents on their website including:
- Notice and Agenda for the meeting
- Shareholder Meeting Brochure and Proxy Statement
- Proposed amendments to articles of association
- 2024 Annual Report
These documents are also available for physical consultation at Ternium's Luxembourg office and can be obtained electronically by registered shareholders via email request.
Ternium (NYSE:TX) reported its Q4 and full-year 2024 results, with Q4 net income of $333 million, including a $404 million provision reversal related to Usiminas litigation. The full-year net income was $174 million, with an adjusted net income of $584 million excluding litigation provisions.
The company faced market challenges in Q4 2024, with a downturn in the Mexican steel market due to seasonality and trade uncertainties. Despite this, Ternium maintained a strong financial position with a net cash position of $1.6 billion at year-end, supported by operating cash flow of $1.9 billion.
The board proposed an annual dividend of $2.70 per ADS, equivalent to a 9% dividend yield. Capital expenditures reached $1.9 billion in 2024, focusing on expanding the Pesquería industrial center in Mexico and completing a new wind farm in Argentina.
Ternium S.A. (NYSE:TX) faces a legal setback as the Brazilian Superior Court of Justice (SCJ) rejected a motion filed by Ternium subsidiaries and Tenaris's Confab to reverse a June 2024 decision. The court ordered the T/T Group to pay indemnification to Companhia Siderúrgica Nacional (CSN) regarding their 2012 Usiminas acquisition.
The SCJ modified the monetary adjustment mechanism and capped attorney's fees, reducing the potential payment. Ternium Investments could face approximately BRL1.9 billion ($307 million) in payments, while Ternium Argentina could owe BRL0.7 billion ($109 million). Ternium maintains that CSN's claims are meritless and plans to pursue further appeals.
Ternium (NYSE:TX) reported its Q3 2024 results with Adjusted EBITDA of $368 million, reflecting relatively low margins despite strong shipment levels. The company achieved record-high sales volumes in Mexico, with increased shipments in Brazil and continued recovery in the Southern Region. However, steel revenue per ton decreased due to lower steel prices and reduced industrial contract prices in Mexico.
The company's net cash position decreased to $1.7 billion from $1.9 billion in the previous quarter. The board approved an interim dividend of $0.90 per ADS, payable on November 21, 2024. For Q4 2024, Ternium expects a slight sequential increase in adjusted EBITDA due to improved margins, despite anticipated lower shipments due to year-end seasonality.
Ternium S.A. (NYSE:TX) has released its Sustainability Report 2023, detailing the company's strategy, performance, risks, and governance across various sustainability topics. The report follows international standards set by the GRI, SASB, World Steel Association, and TCFD guidelines, while also aligning with the UN's Sustainable Development Goals.
A key highlight is Ternium's revised decarbonization target, which now includes:
- Incorporation of Scope 3 emissions
- Expanded boundary to include the hot-rolling process
- Adoption of the GHG Protocol methodology
The new target aims for a 15% reduction in emission intensity for hot-rolled steel by 2030, compared to a 2023 baseline, covering Scope 1, 2, and Scope 3 Categories 1 and 10. This update reflects Ternium's commitment to long-term sustainability and integrity in its operations.
Ternium S.A. (NYSE:TX) announced its Q2 and H1 2024 results. Adjusted EBITDA reached $545 million with a 12% margin, reflecting a weak pricing environment. The company recorded a $783 million provision for ongoing litigation related to Usiminas acquisition. Q2 2024 saw a net loss of $743 million, but Adjusted Net Income was $40 million. Ternium paid a $432 million dividend and maintained a net cash position of $1.9 billion. Steel shipments increased in Brazil and the Southern Region but decreased slightly in Mexico. The company expects a sequential decline in Q3 2024 Adjusted EBITDA due to reduced margins, partially offset by increased shipments.
Ternium (NYSE:TX) has been ordered by the Brazilian Superior Court of Justice (SCJ) to pay Companhia Siderúrgica Nacional (CSN) an indemnification linked to its 2012 acquisition of a stake in Usiminas. The case, which alleges that Ternium’s subsidiaries failed to launch a required tag-along tender offer, saw initial rulings in favor of Ternium. However, the SCJ reversed its decision on June 18, 2024, awarding CSN an indemnification that could total up to BRL3.2 billion (approx. $0.6 billion) from Ternium Investments and BRL1.1 billion (approx. $0.2 billion) from Ternium Argentina. Despite these findings, Ternium maintains that the claims lack merit and plans to appeal the decision.
Ternium S.A. (NYSE:TX) shareholders approved all resolutions at the annual general meeting held on April 30, 2024. This included the approval of financial statements for the year ended December 31, 2023, and a proposed annual dividend of $0.33 per share ($3.30 per ADS). The meeting also re-elected current board members and appointed auditors for the fiscal year ending December 31, 2024. Mr. Paolo Rocca was re-appointed as chairman, Mr. Daniel Agustín Novegil as vice-chairman, and Mr. Máximo Vedoya as chief executive officer.
