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