Posts tagged as:

EBITDA

US Steel and AK Steel announce Q3 earnings

October 27, 2009

US Steel and AK Steel announced Q3 2009 financial results this morning.  US Steel’s press release can be found here and AK’s release can be found here. US Steel’s shipments rose sharply, from 2.9 million tons in Q2 to 4.2 millin tons in Q3.  However, the company’s high fixed costs resulted in a negative gross […]

Read the full article →

Gerdau SA and Gerdau Ameristeel Q1 2009 earnings

May 12, 2009

Gerdau SA and Gerdau Ameristeel released Q1 2009 earnings recently.  You can see Gerdau’s release here and Gerdau Ameristeel’s release here.  Both companies had positive EBITDA per ton in the first quarter, $77 for Gerdau and $33 for Gerdau Ameristeel.  Among the companies tracked on the Nerds of Steel earnings spreadsheet, about half have posted […]

Read the full article →

Ternium Q1 2009 results

May 5, 2009

Yesterday after the market closed Ternium announced Q1 2009 financial results.  You can see the release here.  The company posted positive EBITDA of $57 per ton, the highest we’ve seen so far among the companies tracked on the Nerds of Steel earnings spreadsheet.

Read the full article →

ArcelorMittal Q1 2009 results

April 29, 2009

ArcelorMittal reported Q1 results this morning.  You can access the press release here and a slide presentation here.  The company had positive EBITDA per ton of $50 and expects slightly better results in Q2.  ArcelorMittal’s results have been added to the Nerds of Steel earnings spreadsheet.

Read the full article →

US Steel Q1 2009 results

April 28, 2009

US Steel released Q1 2009 earnings results yesterday.  The company’s press release can be found here.  US Steel reported an operating loss of ($478) million.  EBITDA per ton was ($99), the lowest number reported so far among the companies tracked on the Nerds of Steel earnings spreadsheet.  To raise/conserve cash US Steel also cut its […]

Read the full article →

Nucor Q1 2009 results

April 23, 2009

Nucor reported Q1 results today.  See the company’s press release here.   Nucor’s EBITDA per ton was ($30), slightly better than the results reported by AK Steel and Steel Dynamics.  The results in Q1 and Q2 will be painful for the  steel industry but illuminating for steel nerds because we’ll have an opportunity to see what […]

Read the full article →

← Previous Entries

Next Entries →