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Finance

Ternium Q3 results

November 5, 2009

Ternium announced 3rd quarter 2009 earnings last night.  The press release can be found here.  The company continued to perform well, generating $137 of EBITDA per ton during the quarter.  This is the second best performance recorded yet on the Nerds of Steel earnings spreadsheet.  Only Posco, with an EBITDA of $151 per ton, has [...]

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ArcelorMittal Q3 earnings

October 28, 2009

ArcelorMittal announced Q3 2009 earnings this morning.  See the press release here and the results presentation here.  As can be seen on the Nerds of Steel earnings spreadsheet, shipments rose from 18.7 to 20.1 million tons and EBITDA per ton rose to $79 in Q3 from $65 in Q2.   The company has now achieved its [...]

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US Steel and AK Steel announce Q3 earnings

October 27, 2009

US Steel and AK Steel announced Q3 2009 financial results this morning.  US Steel’s press release can be found here and AK’s release can be found here.
US Steel’s shipments rose sharply, from 2.9 million tons in Q2 to 4.2 millin tons in Q3.  However, the company’s high fixed costs resulted in a negative gross margin [...]

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Nucor Q3 earnings

October 22, 2009

This morning Nucor announced Q3 2009 earnings.  The company’s press release can be found here. EBITDA per ton was $31 in Q3, $74 per ton lower than the EBITDA reported Tuesday by Steel Dynamics. Nucor’s operating performance continues to be dragged down by the consumption of high-cost pig iron that was purchased last year prior [...]

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Steel Dynamics Q3 earnings

October 20, 2009

Steel Dynamics kicked off the third quarter earnings season today.  See the press release here.  EBITDA was $105 per ton, which is quite impressive given how difficult the industry environment is at the moment.  Watch the earnings unfold on the Nerds of Steel earnings spreadsheet.

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Gerdau Ameristeel and Gerdau SA Q2 results

August 7, 2009

Gerdau Ameristeel and Gerdau SA reported Q2 2009 financial results yesterday.   Read Gerdau Ameristeel’s press release here and the English version of Gerdau SA’s release here.  Both companies showed positive EBITDA per ton in Q2, with Gerdau Ameristeel showing a slight increase from $41 to $48.  Gerdau SA, which includes the results of the former [...]

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Ternium Q2 results

August 4, 2009

Ternium posted Q2 2009 results today and will host a conference call tomorrow.  See the earnings press release here.  EBITDA per ton was $26, down from $57 in Q1.  As can be seen in the Nerds of Steel earnings spreadsheet, Ternium was one of only two companies to report a decline in EBITDA per ton [...]

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ArcelorMittal Q2 2009 earnings

July 29, 2009

This morning ArcelorMittal reported Q2 2009 financial results.  See the press release here.  EBITDA per ton improved to $65 in Q2, up from $50 in Q1.   This is the best number reported thus far among companies tracked in the Nerds of Steel earnings spreadsheet.

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