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Ternium S.A. - TX STOCK NEWS

Welcome to our dedicated page for Ternium S.A. news (Ticker: TX), a resource for investors and traders seeking the latest updates and insights on Ternium S.A. stock.

Ternium S.A. (NYSE: TX) is Latin America's premier flat steel producer with an integrated network of production facilities in Mexico, Brazil, Argentina, Colombia, the southern United States, and Central America. The company is renowned for its high value-added steel products that cater to a wide array of industries, including automotive, construction, home appliances, capital goods, container, food, and energy sectors. With a workforce exceeding 16,800 employees and an annual production capacity of approximately 10.9 million tons of finished steel products and 4.0 million tons of iron ore pellets, Ternium is a significant player in the steel industry.

Ternium's operations are divided into two primary segments: Steel and Mining. The Steel segment includes the production of slabs, billets, round bars, hot-rolled coils, sheets, bars, stirrups, wire rods, and steel pipes. This segment also benefits from Ternium's strategic involvement in Usiminas, a leading steel manufacturer in Brazil, which enhances its market reach and operational capabilities. The Mining segment focuses on the extraction and processing of iron ore, producing concentrates and pellets for both internal use and external sales.

The company is committed to innovation and sustainability, as evidenced by its ongoing projects. Ternium is currently constructing a state-of-the-art steel slab mill in Pesquería, Nuevo León, Mexico. This facility is designed to integrate with the existing downstream operations and includes advanced technologies for carbon capture and the potential to switch from natural gas to hydrogen for Direct Reduced Iron (DRI) production. This emphasis on sustainability extends to water use, with the new facility relying on industrially treated wastewater.

Financially, Ternium continues to perform robustly. Recent reports indicate substantial profitability despite market challenges. For example, in the second quarter of 2023, the company achieved an operating income of $731.7 million and an adjusted EBITDA of $882.6 million, driven by strategic pricing and cost management. Moreover, Ternium's acquisition of additional shares in Usiminas in July 2023 further solidified its market position, with consolidation expected to reflect positively on financial statements.

Ternium's strategic initiatives, such as the ongoing expansion of its facilities in Pesquería and its new port facility in Brownsville, Texas, underscore its commitment to enhancing production capacity and operational efficiency. These expansions are expected to support the growing steel demand in the USMCA region, driven by nearshoring and industrial growth in Mexico.

The company also places a significant emphasis on community development and educational programs, reflecting its broader commitment to social responsibility. For investors, Ternium represents a stable and growth-oriented opportunity in the steel industry, marked by its strategic expansions, robust market presence, and commitment to sustainability.

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Ternium (NYSE:TX) has been ordered by the Brazilian Superior Court of Justice (SCJ) to pay Companhia Siderúrgica Nacional (CSN) an indemnification linked to its 2012 acquisition of a stake in Usiminas. The case, which alleges that Ternium’s subsidiaries failed to launch a required tag-along tender offer, saw initial rulings in favor of Ternium. However, the SCJ reversed its decision on June 18, 2024, awarding CSN an indemnification that could total up to BRL3.2 billion (approx. $0.6 billion) from Ternium Investments and BRL1.1 billion (approx. $0.2 billion) from Ternium Argentina. Despite these findings, Ternium maintains that the claims lack merit and plans to appeal the decision.

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Ternium S.A. (NYSE:TX) shareholders approved all resolutions at the annual general meeting held on April 30, 2024. This included the approval of financial statements for the year ended December 31, 2023, and a proposed annual dividend of $0.33 per share ($3.30 per ADS). The meeting also re-elected current board members and appointed auditors for the fiscal year ending December 31, 2024. Mr. Paolo Rocca was re-appointed as chairman, Mr. Daniel Agustín Novegil as vice-chairman, and Mr. Máximo Vedoya as chief executive officer.

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Ternium S.A. (NYSE:TX) announced its first quarter 2024 results with consolidated net sales of $4.778 billion, operating income of $675 million, and net income of $491 million. The company's Adjusted EBITDA rose 31% to $855 million. Ternium experienced a rebound in margins and sustained high steel sales volumes. The steel segment saw strong performance, while the mining segment faced challenges due to lower iron ore prices. Ternium's outlook for Mexico, Brazil, and Argentina remains positive despite some economic uncertainties.
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Ternium S.A. (NYSE:TX) has filed its annual report on Form 20-F for the year ended December 31, 2023, with the SEC. The report is available for download on the SEC's and Ternium's websites.
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Ternium S.A. (NYSE:TX) will hold its annual general meeting on April 30, 2024, allowing shareholders to exercise voting rights. Important documents are available on the company's website and at its Luxembourg office.
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Ternium S.A. (NYSE:TX) reported its Q4 and full-year 2023 results, showcasing strong steel shipments in Mexico and operational improvements. The company proposed an annual dividend increase, reflecting positive performance and market growth. Despite challenges in Argentina and Brazil, Ternium anticipates improved EBITDA and margin for Q1 2024, driven by higher steel prices and volumes.
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Ternium S.A. (NYSE:TX) reported its results for the third quarter and first nine months of 2023. Steel shipments increased by 39% in Q3 compared to the same period last year. Net sales were $5.2 billion, a 34% increase from Q2. Adjusted EBITDA decreased by 22% due to lower steel prices in the USMCA region. Ternium acquired additional shares of Usiminas and announced an interim dividend of $1.10 per ADS.
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Ternium S.A. (NYSE:TX) has released its Sustainability Report 2022, highlighting its business strategy and approach to ESG issues. The report follows international standards and includes contributions to the UN's sustainable development goals.
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Ternium S.A. completes the acquisition of 68.7 million ordinary shares of Usinas Siderúrgicas de Minas Gerais S.A. (Usiminas) from Nippon Steel Corporation, Mitsubishi, and MetalOne for $118.7 million in cash. Ternium now holds a 51.5% stake in Usiminas and will fully consolidate its financials starting July 2023.
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FAQ

What does Ternium S.A. produce?

Ternium S.A. produces a wide range of high value-added steel products, including slabs, billets, round bars, hot-rolled coils, sheets, bars, stirrups, wire rods, and steel pipes.

Where are Ternium's production facilities located?

Ternium's production facilities are located in Mexico, Brazil, Argentina, Colombia, the southern United States, and Central America.

What is Ternium's annual production capacity?

Ternium has an annual production capacity of approximately 10.9 million tons of finished steel products and 4.0 million tons of iron ore pellets.

What are Ternium's main business segments?

Ternium operates in two main business segments: Steel and Mining. The Steel segment includes the production of various steel products, while the Mining segment focuses on the extraction and processing of iron ore.

How is Ternium contributing to sustainability?

Ternium is investing in advanced technologies for carbon capture and the potential use of hydrogen for DRI production. Additionally, it uses industrially treated wastewater for its production processes.

What recent projects is Ternium involved in?

Ternium is constructing a new steel slab mill in Pesquería, Nuevo León, Mexico, and expanding its facilities in Pesquería and Brownsville, Texas, to meet growing steel demand.

What is Ternium's relationship with Usiminas?

Ternium holds a significant stake in Usiminas, a leading steel manufacturer in Brazil, which enhances its market reach and operational capabilities.

How did Ternium perform financially in recent quarters?

In the second quarter of 2023, Ternium achieved an operating income of $731.7 million and an adjusted EBITDA of $882.6 million, reflecting strong financial performance.

What are Ternium's strategic initiatives?

Ternium's strategic initiatives include expanding its production facilities, enhancing operational efficiency, and investing in sustainable technologies to meet the growing steel demand.

How does Ternium support community development?

Ternium supports community development through various educational programs and initiatives aimed at fostering social responsibility and growth in the regions where it operates.

Ternium S.A.

NYSE:TX

TX Rankings

TX Stock Data

7.34B
1.96B
15.12%
0.25%
Iron and Steel Mills and Ferroalloy Manufacturing
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