Q3 2024 Ternium SA Earnings Call Transcript
Key Points
- Ternium SA (TX) reported an adjusted EBITDA of $368 million and a net income of $93 million for the third quarter.
- Record high shipments were achieved in the Mexican market during the third quarter of 2024.
- The company is optimistic about the Mexican market, with expectations of increased automotive production and infrastructure projects.
- Ternium SA (TX) is making significant progress on its expansion projects, including new production lines and a wind farm in Argentina.
- The company has published a comprehensive sustainability report, including a 15% reduction target in emissions intensity by 2030.
- Margins declined primarily due to a decrease in realized prices in the main market.
- A seasonal decline in shipments is expected in the fourth quarter.
- The Brazilian market faces challenges with increased flat steel imports, mainly from China, despite government measures.
- The Argentine market risks an increase in imports of unfair trade products, which could impact local steel demand.
- The dividend payment was reduced, which was unexpected given the company's previous commitment to stable or growing dividends.
Thank you for standing by. My name is Ken. I will be your conference operator today. At this time. I would like to welcome everyone to the turning on third quarter. 2024 results call, all lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star followed by the number one on your telephone keypad.
If you would like to withdraw your question again, press the star and one I would now like to turn the call over to Sebastian Marti. You may begin.
Good morning and thank you for joining us.
My name is Sebastian Marti term Global Ir and Compliance senior director yesterday turn released financial results for the third quarter and first nine months of 2024. This call is intended to complement that presentation.
I'm joined today by Maximo Vedoya, turns Chief Executive Officer and Pablo Rio turns Chief Financial Officer
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
