Ternium Stock Price, News & Analysis

Ternium S.A. (NYSE:TX) has signed a memorandum of understanding with Vale S.A. to explore steelmaking solutions aimed at reducing CO₂ emissions. The partnership will evaluate the feasibility of investments in an iron ore briquetting plant in Brazil and low-carbon product manufacturing using Tecnored, HYL, and other technologies. This initiative supports Vale's goal to cut 15% of net Scope 3 emissions by 2035 and Ternium's target to lower its CO₂ intensity by 20% by 2030. Both companies aim for substantial advancements in environmental sustainability within the steel industry.

Ternium S.A. (NYSE:TX) has been acquitted of all charges in the Notebooks Case involving its Chairman, Paolo Rocca. A first-instance judge ruled that Rocca's involvement does not tarnish his reputation. The decision was uncontested by the prosecutor or the government unit involved. This ruling may strategically strengthen Ternium's position in the market by alleviating potential reputational risks associated with legal challenges.

Ternium S.A. (NYSE:TX) reported strong financial results for Q2 and H1 2021, with net sales reaching $3.92 billion in Q2, up 125% year-on-year, and $7.17 billion for H1, an increase of 78%. Operating income increased significantly to $1.27 billion in Q2 and $2.18 billion for H1. EBITDA was $1.42 billion for Q2 and $2.48 billion for H1, with margins improving to 36% and 35%, respectively. Free cash flow for Q2 was $467 million and $665 million for H1. The net debt position was $0.2 billion, reflecting strong operational performance amid rising steel demand.

Ternium S.A. (NYSE:TX) held its annual general meeting on May 3, 2021, where all resolutions were unanimously approved. Shareholders endorsed the consolidated financial statements for the year ending December 31, 2020, and a dividend of $0.21 per share, payable on May 11, 2021, to shareholders of record by May 6, 2021. The board of directors was reduced to eight members, all of whom were re-elected. Additionally, PricewaterhouseCoopers was re-appointed as independent auditors for fiscal year 2021.

Ternium S.A. (NYSE:TX) has filed its annual report on Form 20-F for the fiscal year ending December 31, 2020, with the U.S. Securities and Exchange Commission (SEC). The report is accessible via the SEC website and Ternium's official site under the Investor section. Shareholders and interested parties can request a physical copy of the report at no cost. Ternium is recognized as Latin America's leading flat steel producer, serving multiple industries including automotive and construction through its extensive manufacturing and distribution capabilities.

Ternium S.A. (NYSE:TX) announced its annual general meeting of shareholders to be held on May 3, 2021, at 2:30 p.m. CET. Shareholders of Ternium ADSs as of March 29, 2021 can vote through The Bank of New York Mellon. Key documents for the meeting are available on the company's website, including the meeting agenda, proxy statement, and 2020 consolidated financial reports. Shareholders can request copies electronically or visit the company's office in Luxembourg, subject to Covid-19 restrictions.

Ternium S.A. (NYSE:TX) reported its financial results for Q4 and full-year 2020. Steel shipments decreased by 9% year-over-year to 11.36 million tons, while iron ore shipments grew by 6% to 3.8 million tons. Net sales fell 14% to $8.73 billion, with operating income rising 25% to $1.08 billion. The fourth quarter saw a significant recovery with net sales increasing by 15% year-over-year. Notably, the company achieved EBITDA of $1.52 billion, maintaining a margin of 17%. Ternium proposed a $0.21 annual dividend and outlined a decarbonization strategy targeting a 20% reduction in emissions by 2030.

Ternium S.A. (NYSE:TX) reported third quarter 2020 results, showcasing a 16% increase in steel shipments, totaling 2.8 million tons, alongside a 23% rise in net sales to $2.14 billion. Operating income surged 207% to $201 million, while EBITDA reached $353 million with a margin of 17%. However, year-to-date figures reflect a 14% decline in steel shipments and a 22% drop in net sales compared to 2019. Notably, net debt decreased to $562 million, indicating improved liquidity. The company anticipates a positive outlook for Q4, driven by recovery in key markets and increased steel prices.