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Despite a very tough macroeconomic climate which has caused some steel industries to close, TX has been resilient and registered good profit margins. Low steel production and supply disruption have caused steel prices to go up in the last three months.
Ternium is a Mexico and South America focused steel producer. The margins are impacted by lower steel prices and a higher production cost.
Ternium S.A. (NYSE:TX ) Q3 2022 Earnings Conference Call November 3, 2022 8:00 AM ET Company Participants Sebastian Marti - Global Investor Relations & Compliance Senior Director Maximo Vedoya - Chief Executive Officer Pablo Brizzio - Chief Financial Officer Conference Call Participants Caio Greiner - BTG Pactual Jon Brandt - HSBC Carlos De Alba - Morgan Stanley Thiago Lofiego - Bradesco Alfonso Salazar - Scotiabank Timna Tanners - Wolf Research Operator Ladies and gentlemen, thank you for standing by, and welcome to the Ternium Third Quarter 2022 Earnings Call.
Ternium is a large steel producer, focusing on South America and Mexico. The company has used its massive amount of free cash flow in the first semester to pay historical tax liabilities.
Ternium S.A. (NYSE:TX ) Q2 2022 Earnings Conference Call August 3, 2022 9:30 AM ET Company Participants Sebastian Marti - Global Investor Relations & Compliance Senior Director Maximo Vedoya - Chief Executive Officer Pablo Brizzio - Chief Financial Officer Conference Call Participants Timna Tanners - Wolfe Research Andreas Bokkenheuser - UBS Alfonso Salazar - Scotiabank Caio Greiner - BTG Pactual Thiago Lofiego - Bradesco BBI Caio Ribeiro - Bank of America Operator Thank you for standing by, and welcome to the Ternium Second Quarter Conference Call.
Steelmaker Ternium expects revenue per ton to decrease in the third quarter of 2022 due to lower benchmark steel prices, the company said in a presentation following second-quarter results Wednesday.
Steel producer Ternium reported on Tuesday a second-quarter net profit of $936 million, down 19% from the year-ago period.
Around a decade ago, I made a significant investment in South American steel producer Ternium SA ( TX , Financial). At the time, I thought the company was deeply undervalued and investors did not appreciate its capital generation potential.
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.
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.