The following is a summary of the Ternium S.A. (TX) Q1 2024 Earnings Call Transcript:

Financial Performance:

• Ternium started 2024 strong, with an adjusted EBITDA margin of 17% and an increase in net cash to $2 billion at the end of March.

• Adjusted EBITDA reached $655 million, up 31% from last quarter, and earnings have shown sound improvements.

• Despite the robust operational performance, foreign exchange losses and divestment of assets have resulted in some offset.

• Ternium anticipates a drop in EBITDA in Q2 due to an expected decrease in the revenue per ton in the steel segment.

Business Progress:

• There has been an increase in demand from the industrial sector in Mexico, and the auto industry is anticipated to reach 4 million units in 2024.

• Ternium is planning significant project developments at its industrial center, with the first stage set to commence in 2024.

• Despite a temporary setback at a blast furnace in Brazil, customer demands have been met, and the company's Pesquería 3 project is progressing well with the first line expected to be operational by July 2024.

• The company's focus will remain on growth opportunities in the Americas while maintaining CapEx plans and facility improvements.

More details: Ternium IR

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