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financial results

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 […]

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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 […]

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Steel Dynamics Q1 2009 results

April 23, 2009

Steel Dynamics released Q1 2009 results this morning.  See the company’s press release here.  EBITDA per ton was ($46), a little better than AK’s ($58) released yesterday.  Nucor announces earnings today as well.  Track the results and compare company performance on the Nerds of Steel earnings spreadsheet.

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AK Steel Q1 2009 results

April 22, 2009

AK Steel reported Q1 2009 results yesterday.  See the company’s press release here.  As expected operating income and EBITDA fell dramatically, along with AK’s quarterly shipments.  EBITDA per ton was ($58) in Q1 2009, down from $142 in Q1 2008 and $57 in Q4 2008. It will be interesting to see how the rest of […]

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Ternium 2008 financial results

February 24, 2009

Ternium announced 2008 financial results today.  You can read the company’s press release here.   Ternium’s EBITDA per ton in Q4 fell significantly from Q3 but remained near the top of the  companies we follow on a regular basis on the Nerds of Steel earnings spreadsheet.

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Gerdau Ameristeel and Gerdau SA 2008 financial results

February 21, 2009

Gerdau Ameristeel and Gerdau SA released 2008 financial results on February 19.  Gerdau Ameristeel’s results can be found here and Gerdau SA’s here. Both companies’ operating income and EBITDA per ton fell in Q4 relative to Q3.  Gerdau SA’s EBITDA per ton remained solidly positive while Gerdau Ameristeel’s EBITDA per ton fell into negative territory. […]

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