ASTL Stock Recent News

Algoma Steel's (ASTL) fiscal first-quarter earnings and revenues fall year over year. EAF project progresses.

Algoma Steel Group Inc. (NASDAQ:ASTL ) Q1 2024 Earnings Conference Call August 11, 2023 11:00 AM ET Company Participants Mike Moraca - Treasurer and IR Officer Michael Garcia - CEO Rajat Marwah - CFO Conference Call Participants Katja Jancic - BMO Capital Markets David Ocampo - Cormark Securities Ahmad Shaath - Beacon Securities Lucas Pipes - B. Riley Operator Hello, and welcome to today's conference call to discuss Algoma Steel's Fiscal First Quarter 2024 Financial Results.

SAULT STE. MARIE, Ontari, July 27, 2023 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, announced today that the Company will release its fiscal 2024 first quarter financial results after the market closes on Thursday, August 10, 2023. A webcast and conference call will be held on Friday, August 11, 2023 at 11:00 a.m. Eastern Time to review the Company's results, discuss recent events, and conduct a question-and-answer session.

Algoma Steel Group Inc. (NASDAQ:ASTL ) Q4 2023 Earnings Conference Call June 22, 2023 11:00 AM ET Company Participants Mike Moraca - Treasurer and Investor Relations Officer Michael Garcia - Chief Executive Officer Rajat Marwah - Chief Financial Officer Conference Call Participants Katja Jancic - BMO Capital Markets Ian Gillies - Stifel David Ocampo - Cormark Securities Ahmad Shaath - Beacon Securities Operator Hello. And welcome to today's Conference Call to discuss Algoma Steel's Fiscal Fourth Quarter and Full Year 2023 Financial Results.

Analysts were expecting Algoma to report a loss last night -- but not a loss as big as this one. On the plus side, the company beat sales expectations.

Algoma Steel Group Inc. (ASTL) came out with a quarterly loss of $0.14 per share versus the Zacks Consensus Estimate of $0.01. This compares to earnings of $1.15 per share a year ago.

SAULT STE. MARIE, Ontario, June 06, 2023 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, announced today that the Company will release its fiscal 2023 fourth quarter and full year financial results after the market closes on Wednesday, June 21, 2023. A webcast and conference call will be held on Thursday, June 22, 2023, at 11:00 a.m. Eastern Time to review the Company's results, discuss recent events, and conduct a question-and-answer session.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Algoma Steel is on a transformative journey, transitioning from a blast furnace steel producer to one using the more modern, cost effective and environmentally cleaner EAF technology. ASTL stock seems to be trading at over a 40% discount to its intrinsic value, making it a great bargain. I assign it a “Buy” at the current price.

Algoma Steel Group Inc. (NASDAQ:ASTL ) Q3 2023 Earnings Conference Call February 14, 2023 11:00 AM ET Company Participants Mike Moraca - Treasurer and Investor Relations Officer Michael Garcia - Chief Executive Officer Rajat Marwah - Chief Financial Officer Conference Call Participants David Ocampo - Cormark Securities Ian Gillies - Stifel David Gagliano - BMO Capital Markets Anoop Prihar - Eight Capital Ahmad Shaath - Beacon Securities Operator Hello and welcome to today's Conference Call to discuss Algoma Steel's Fiscal Third Quarter 2023 Financial Results. My name is Shamali and I am your operator for today's call.