Welcome to our dedicated page for Ternium S.A. American Depositary Shares news (Ticker: TX), a resource for investors and traders seeking the latest updates and insights on Ternium S.A. American Depositary Shares stock.
Ternium S.A. (NYSE: TX) is Latin America's premier flat steel producer with an integrated network of production facilities in Mexico, Brazil, Argentina, Colombia, the southern United States, and Central America. The company is renowned for its high value-added steel products that cater to a wide array of industries, including automotive, construction, home appliances, capital goods, container, food, and energy sectors. With a workforce exceeding 16,800 employees and an annual production capacity of approximately 10.9 million tons of finished steel products and 4.0 million tons of iron ore pellets, Ternium is a significant player in the steel industry.
Ternium's operations are divided into two primary segments: Steel and Mining. The Steel segment includes the production of slabs, billets, round bars, hot-rolled coils, sheets, bars, stirrups, wire rods, and steel pipes. This segment also benefits from Ternium's strategic involvement in Usiminas, a leading steel manufacturer in Brazil, which enhances its market reach and operational capabilities. The Mining segment focuses on the extraction and processing of iron ore, producing concentrates and pellets for both internal use and external sales.
The company is committed to innovation and sustainability, as evidenced by its ongoing projects. Ternium is currently constructing a state-of-the-art steel slab mill in Pesquería, Nuevo León, Mexico. This facility is designed to integrate with the existing downstream operations and includes advanced technologies for carbon capture and the potential to switch from natural gas to hydrogen for Direct Reduced Iron (DRI) production. This emphasis on sustainability extends to water use, with the new facility relying on industrially treated wastewater.
Financially, Ternium continues to perform robustly. Recent reports indicate substantial profitability despite market challenges. For example, in the second quarter of 2023, the company achieved an operating income of $731.7 million and an adjusted EBITDA of $882.6 million, driven by strategic pricing and cost management. Moreover, Ternium's acquisition of additional shares in Usiminas in July 2023 further solidified its market position, with consolidation expected to reflect positively on financial statements.
Ternium's strategic initiatives, such as the ongoing expansion of its facilities in Pesquería and its new port facility in Brownsville, Texas, underscore its commitment to enhancing production capacity and operational efficiency. These expansions are expected to support the growing steel demand in the USMCA region, driven by nearshoring and industrial growth in Mexico.
The company also places a significant emphasis on community development and educational programs, reflecting its broader commitment to social responsibility. For investors, Ternium represents a stable and growth-oriented opportunity in the steel industry, marked by its strategic expansions, robust market presence, and commitment to sustainability.
Ternium S.A. (NYSE:TX) reported its financial results for Q4 and FY 2022, revealing a 2% increase in net sales to $16.4 billion but a significant 49% decline in operating income to $2.7 billion. Steel shipments fell 1% to 11.9 million tons while iron ore shipments dropped 9% to 3.5 million tons. Adjusted EBITDA was $3.4 billion with a margin of 21%. Impairments of investments led to net income of $2.1 billion but earnings per ADS fell to $9.00. Ternium announced a dividend proposal of $0.27 per share and plans to invest $2.2 billion in new production capacity and a wind farm in Argentina. The outlook remains cautiously optimistic for 2023.
Ternium S.A. (NYSE:TX) reported its third quarter and nine months results ending September 30, 2022. Steel shipments remained stable at 2.97 million tons, while revenue decreased 7% sequentially to $4.13 billion, reflecting lower steel prices. Adjusted EBITDA plunged 45% to $679 million, a margin of 16%. Net income dropped 76% to $220 million, impacted by a $95 million financial loss and a $120 million write-down on Usiminas. However, free cash flow stood strong at $897 million, contributing to a net cash position of $1.8 billion. An interim dividend of $0.90 per ADS will be paid on November 17, 2022.
Ternium S.A. (NYSE:TX) reported its Q2 and H1 2022 results, highlighting net sales of $4.4 billion for Q2, a 3% increase from Q1, with a 13% year-over-year rise. Adjusted EBITDA for Q2 was $1.2 billion, a 1% sequential increase but a 14% decline YOY. Steel shipments remained stable at 2.96 million tons, yet down 4% YOY. The company faced a negative free cash flow of $166.1 million in Q2 and a working capital increase of $681.4 million. Ternium anticipates lower margins in Q3 due to declining steel prices and rising costs. A conference call is scheduled for August 3, 2022.
Ternium S.A. (NYSE:TX) announced that an Italian court dismissed a case against its Chairman Paolo Rocca and two board members concerning alleged improper payments related to a Tenaris S.A. subsidiary prior to 2014. The court ruled the case lacked jurisdiction, and Ternium or its subsidiaries were not involved in the proceedings. The Italian public prosecutor has the option to appeal this decision. This dismissal may mitigate legal risks surrounding corporate governance for Ternium.
Ternium S.A. (NYSE:TX) held its annual general meeting on May 3, 2022, where all resolutions were approved. Key outcomes include the approval of consolidated financial statements for 2021 and a proposed annual dividend of $0.26 per share, with a net dividend of $0.18 per share payable on May 11, 2022. The board expanded to nine directors, re-elected eight members, and appointed a new member, Lorenza Martinez Trigueros. PricewaterhouseCoopers was re-appointed as independent auditors. The company remains the leading flat steel producer in Latin America.
Ternium S.A. (NYSE:TX) reported its Q1 2022 results, showing net sales of $4.3 billion, up 32% from Q1 2021, despite steel and iron ore shipments declining by 5% and 12%, respectively. Operating income decreased 22% to $1.1 billion with an EBITDA of $1.2 billion, reflecting lower steel prices and higher raw material costs. The company generated free cash flow of $567.5 million and maintained a net cash position of $1.6 billion. Despite challenges like market volatility and rising costs due to geopolitical events, Ternium anticipates sequential EBITDA growth in Q2.
Ternium S.A. (NYSE:TX) has filed its annual report on Form 20-F for the year ending December 31, 2021, with the SEC. The report is accessible on the SEC website and Ternium’s official site. Ternium is recognized as Latin America's leading flat steel producer, offering high value-added products across various industries. Shareholders can request a hard copy of the report for free through the company’s website.
This filing aligns with regulatory obligations and provides detailed insights into the company's performance and market positioning.
Ternium S.A. (NYSE:TX) will hold its annual general meeting of shareholders on May 3, 2022, at 2:00 p.m. CET. Shareholders of Ternium ADSs as of March 28, 2022 can vote through The Bank of New York Mellon. Key documents, including the notice and agenda and the 2021 Consolidated Management Report, are available on the company’s website. Ternium is a leading flat steel producer in Latin America, serving industries such as automotive and construction. The company’s forward-looking statements include potential risks affecting performance.
Ternium S.A. (NYSE:TX) announced on March 18, 2022, that its board declined Ternium Argentina's request to improve the terms of a previously disclosed offer to acquire the remaining minority stake in Ternium Mexico. The decision reflects Ternium's commitment to exploring options aimed at streamlining its corporate structure and enhancing shareholder value. Ternium is a leading flat steel producer in Latin America, serving various industries through its extensive manufacturing and distribution networks.
FAQ
What is the current stock price of Ternium S.A. American Depositary Shares (TX)?
What is the market cap of Ternium S.A. American Depositary Shares (TX)?
What does Ternium S.A. produce?
Where are Ternium's production facilities located?
What is Ternium's annual production capacity?
What are Ternium's main business segments?
How is Ternium contributing to sustainability?
What recent projects is Ternium involved in?
What is Ternium's relationship with Usiminas?
How did Ternium perform financially in recent quarters?
What are Ternium's strategic initiatives?
How does Ternium support community development?
