Ternium S.A. reports recurring developments as a Luxembourg steel producer whose American Depositary Shares trade on the NYSE under TX. Company news centers on Steel and Mining segment results, IFRS-based operating data, dividends on ADSs, and annual meeting materials for shareholders and ADS holders.
Updates also cover industrial investment, including the Pesquería, Mexico industrial center, low-carbon steelmaking initiatives, and ownership matters involving Usiminas. Ternium supplies advanced steel products to manufacturing industries and the construction sector, while its mining activities include iron ore products.
Tenaris (TS) reported third-quarter 2026 net sales of $3,102 million, with revenue and net income increasing sequentially and year over year. Sales rose 5% from the second quarter and 4% year over year. Net income reached $521 million, up 6% sequentially and 15% year over year; earnings per ADS were $1.01. Operating income was $598 million, up 21% sequentially and flat year over year.
EBITDA reached $756 million, with a 24.4% margin versus 21.9% sequentially and 25.3% a year earlier. Quarterly free cash flow was $268 million, and net cash stood at $3.8 billion at September 30. Nine-month sales rose 2% to $9,169 million, but operating income fell 3% and free cash flow declined to $1.2 billion from $1.3 billion. Tenaris expects higher fourth-quarter sales and EBITDA, driven by North American demand and prices for oil and gas well pipes and offshore shipments; its outlook into 2027 assumes no significant geopolitical change.
Ternium (NYSE:TX) reported third-quarter 2026 adjusted EBITDA of $785 million, up 10% sequentially on higher steel volumes and margins. Net sales reached $4,644 million, versus $4,340 million in the prior quarter. Net income was $368 million, down from $465 million sequentially but reversing a $270 million year-earlier loss, after $116 million in deferred tax losses.
Operating cash flow was $613 million and capital spending totaled $398 million. September ended with $22 million in net cash, versus $112 million in net debt at June-end. The board approved an interim dividend of $0.90 per ADS, payable November 17, 2026, to holders of record November 16. Nine-month net income reached $1,205 million versus $132 million a year earlier. Ternium expects fourth-quarter adjusted EBITDA broadly in line with the third quarter, with slightly higher margin per ton offsetting a modest seasonal shipment decline.
Tenaris (NYSE:TS) reported 2Q 2026 net sales of $2.97 billion, down 4% sequentially and year on year, with operating income of $494 million and EBITDA of $649 million (21.9% margin vs. 23.7% in 1Q 2026). Net income was $492 million, or $0.47 per share.
Results were affected by postponed shipments to the Middle East due to the effective closure of the Strait of Hormuz, higher logistics and raw material costs, and lower fixed-cost absorption. Free cash flow reached $396 million, and net cash stood at $3.6 billion on June 30, 2026, after a $606 million dividend. For 1H 2026, net sales rose 1% to $6.07 billion, EBITDA was $1.39 billion (22.8% margin), and earnings per share increased 4% versus 1H 2025, supported by share buybacks.
The board approved an interim dividend of $0.59 per share ($1.18 per ADS), about $600 million, payable on November 25, 2026. Tenaris also announced board and committee changes, including appointing Alicia Móndolo as Vice Chair overseeing Sustainability, Risk Management and Compliance.
Ternium (NYSE:TX) reported second quarter 2026 net sales of $4.34 billion, up from $3.93 billion in 1Q26 and $3.95 billion in 2Q25. Adjusted EBITDA rose 50% sequentially to $717 million, with net income of $465 million and operating income of $528 million. Equity holders’ net income was $344 million, or $1.75 per ADS.
Performance was driven by higher shipments and improved margins in the Steel Segment, especially in Mexico, and higher prices in the Mining Segment. 2Q26 capex reached $431 million, mainly for the new steel shop in Pesquería, Mexico. Cash from operations was $256 million after a $418 million working capital increase. Ternium paid a $255 million dividend to shareholders and ended June 2026 with net debt of $112 million, versus net cash of $327 million at March 2026. For 3Q26, the company expects higher Adjusted EBITDA on increased shipments and improved margins.
Ternium (NYSE:TX) released its 2025 Sustainability Report, detailing ESG performance, strategy, governance and risk management. The company consolidated Usiminas into its decarbonization target and aims to cut CO₂e emissions intensity per ton of hot-rolled steel equivalent by 15% by 2030, covering Scope 1, 2 and key Scope 3 categories.
Key actions include 434 GWh generation at the Vientos de Olavarría wind farm in 2025, offsetting about 90% of Ternium Argentina’s grid power purchases, construction of a DRI-EAF steel shop in Mexico, solar power at Ipatinga lifting renewables to ~20% of purchased electricity, and investments of $93 million in environmental and energy-efficiency projects and $102 million in occupational health and safety. The report aligns with ESRS, GRI, SASB, World Steel guidelines, TCFD and the UN SDGs and is available on Ternium’s website.
Ternium (NYSE:TX) reported that shareholders at the May 12, 2026 annual general meeting approved all agenda resolutions.
Approvals covered 2025 financial statements, a $2.20 per ADS ($0.22 per share) annual dividend, board re-elections, and the appointment of PricewaterhouseCoopers as 2026 independent auditors.
A net dividend of $1.30 per ADS will be paid May 15, 2026 to shareholders of record on May 14, 2026. The board reaffirmed key leadership roles and audit committee membership, all audit members qualifying as independent directors under company rules.
Ternium (NYSE:TX) reported first-quarter 2026 results: Adjusted EBITDA $479 million (21% sequential increase) and net income $372 million. First-quarter capex was $406 million; the company completed downstream expansion in Pesquería and acquired 153.1 million Usiminas shares for $315 million. Net cash fell to $327 million from $712 million at year-end 2025. Cash from operations was $217 million after a $233 million working capital increase. Management expects higher Adjusted EBITDA in Q2 2026 driven by shipments and margin improvement.
Ternium (NYSE:TX) said its Board revised the proposed 2025 annual dividend to $2.20 per ADS ($0.22 per share), totaling $432 million, down from the prior $2.70 per ADS. The annual amount includes an interim $0.90 per ADS paid in Q4 2025.
If approved at the May 12, 2026 shareholders meeting, a net dividend of $1.30 per ADS ($0.13 per share) or $255 million will be paid on May 15, 2026, with record date May 14, 2026. The Board cited global uncertainty and said it will take measures to reinforce the balance sheet while maintaining an outlook for sequential adjusted EBITDA improvement in early 2026.
Ternium (NYSE:TX) filed its annual report on Form 20-F for the year ended December 31, 2025 with the U.S. Securities and Exchange Commission on March 31, 2026.
The annual report is available for download on the SEC website and on Ternium's Investors section at www.ternium.com for investor review.
Ternium (NYSE:TX) announced its Annual General Meeting of shareholders for Tuesday, May 12, 2026 at 9:00 a.m. CET at the company's registered office in Luxembourg.
ADS holders of record as of March 30, 2026 may instruct The Bank of New York Mellon to exercise voting rights. Meeting documents are available free online and at the Luxembourg office beginning March 20, 2026.