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Earnings Call Summary | Ternium(TX.US) Q1 2024 Earnings Conference

moomoo AI ·  Apr 25 21:15  · Conference Call

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

Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

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