Ternium Stock Price, News & Analysis

Ternium S.A. (NYSE:TX) reported its Q1 2022 results, showing net sales of $4.3 billion, up 32% from Q1 2021, despite steel and iron ore shipments declining by 5% and 12%, respectively. Operating income decreased 22% to $1.1 billion with an EBITDA of $1.2 billion, reflecting lower steel prices and higher raw material costs. The company generated free cash flow of $567.5 million and maintained a net cash position of $1.6 billion. Despite challenges like market volatility and rising costs due to geopolitical events, Ternium anticipates sequential EBITDA growth in Q2.

Ternium S.A. (NYSE:TX) has filed its annual report on Form 20-F for the year ending December 31, 2021, with the SEC. The report is accessible on the SEC website and Ternium’s official site. Ternium is recognized as Latin America's leading flat steel producer, offering high value-added products across various industries. Shareholders can request a hard copy of the report for free through the company’s website.

This filing aligns with regulatory obligations and provides detailed insights into the company's performance and market positioning.

Ternium S.A. (NYSE:TX) will hold its annual general meeting of shareholders on May 3, 2022, at 2:00 p.m. CET. Shareholders of Ternium ADSs as of March 28, 2022 can vote through The Bank of New York Mellon. Key documents, including the notice and agenda and the 2021 Consolidated Management Report, are available on the company’s website. Ternium is a leading flat steel producer in Latin America, serving industries such as automotive and construction. The company’s forward-looking statements include potential risks affecting performance.

Ternium S.A. (NYSE:TX) announced on March 18, 2022, that its board declined Ternium Argentina's request to improve the terms of a previously disclosed offer to acquire the remaining minority stake in Ternium Mexico. The decision reflects Ternium's commitment to exploring options aimed at streamlining its corporate structure and enhancing shareholder value. Ternium is a leading flat steel producer in Latin America, serving various industries through its extensive manufacturing and distribution networks.

Ternium S.A. (NYSE:TX) announced a $1 billion investment program at its Pesquería industrial center in Mexico to enhance its value-added product portfolio. This initiative aims to improve production capabilities for advanced-high-strength and ultra-high-strength steels, catering to customers in various sectors, including automotive and renewable energy. Expected to begin operations in the first half of 2024, the program includes a new cold rolling mill and a hot-dip galvanizing line. Additionally, Ternium is expanding its Shreveport facility in Louisiana, reinforcing its competitive position in the market.

Ternium S.A. (NYSE:TX) reported robust financial results for Q4 and FY 2021, highlighting record profitability. The company shipped 12.1 million tons of steel, a 6% increase from 2020, and achieved net sales of $16.1 billion, an 84% rise year-over-year. Operating income reached $5.3 billion, with an EBITDA of $5.9 billion, reflecting a 285% increase. Ternium proposed a $0.26 annual dividend per share, totaling $510.4 million. Despite strong performance, Q4 shipments fell 8% sequentially, attributed to inventory issues and lower market activity in Mexico, leading to cautious expectations for 2022 amidst stabilizing steel prices.

Tul, an e-commerce platform supporting community hardware stores, has raised $181 million in a Series B funding round led by 8VC and Avenir, totaling nearly $210 million in funding to date. The capital will facilitate Tul's expansion into Brazil and other Latin American markets, targeting a total addressable market of $120 billion as locally-owned stores account for 50% of the region's hardware sales. Tul aims to digitize operations and enhance inventory management for underserved hardware stores, vital for self-built homes.

Ternium S.A. (NYSE:TX) announced a $1.0 billion bid to acquire a 28.73% stake in Ternium Mexico S.A. de C.V. from its subsidiary Ternium Argentina S.A. (BYMA: TXAR). This acquisition will streamline the corporate structure, enhancing management efficiency and stakeholder analysis. Currently, Ternium owns 71.27% of Ternium Mexico and 62.49% of Ternium Argentina. The transaction requires 95% approval from Ternium Argentina's shareholders and includes a $900 million dividend. If approved, the deal is expected to finalize in Q1 2022.

Ternium S.A. (NYSE:TX) reported a strong performance for Q3 and the first nine months of 2021, with net sales reaching $4.6 billion, a 115% increase year-over-year, driven by a rise in steel shipments to 3.1 million tons. EBITDA for Q3 stood at $1.9 billion, 432% higher than last year, resulting in an EBITDA margin of 41%. Net income was $1.4 billion, marking a significant recovery. For the first nine months, net sales totaled $11.8 billion, a 91% increase, with free cash flow at $1.1 billion. An interim dividend of $0.08 per share has been declared.