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ArcelorMittal (MT)
NYSE:MT
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Earnings Data
Report Date
Feb 06, 2025Before Open Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.65Last Year’s EPS
-$3.57Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: -8.08%
|Next Earnings Date:Feb 06, 2025
Earnings Call Sentiment|Neutral
ArcelorMittal demonstrated strong resilience and strategic execution amidst challenging market conditions, with significant capital returns and strategic growth projects offsetting some market uncertainties and operational challenges.Company Guidance
During the earnings call for Q3 2024, ArcelorMittal's CFO, Genuino Christino, detailed the company's strategic focus on safety, financial resilience, and strategic execution. The company completed a nine-month dss+ safety audit, which produced six key recommendations aimed at achieving zero fatalities and serious injuries. Financially, ArcelorMittal reported an EBITDA per tonne margin of $118, highlighting the benefits of its diversified asset portfolio and geographical spread, with North America being a significant contributor. The company generated $20 billion in investable cash flows since 2021, enabling investments in growth projects, shareholder returns of nearly $12.6 billion, and maintaining a robust balance sheet. Key strategic projects, such as the Mexico hot strip mill and a 1-gigawatt solar wind project in India, are already contributing to the results, with expectations of adding $1.8 billion in new EBITDA over the next two years. Additionally, ArcelorMittal continued its share buyback program, purchasing $280 million of stock in Q3, reducing the share count by almost 6% this year, contributing to an almost 8% total yield on its market capitalization.Resilient Financial Performance
ArcelorMittal achieved an EBITDA per tonne margin of $118 in Q3, reflecting a resilient performance amidst challenging market conditions.
Strategic Growth Projects
Commissioned 3 strategic growth projects, including Mexico hot strip mill and Brazil cold mill complex, projected to add $1.8 billion in EBITDA over the next 2 years.
Significant Capital Return
Returned almost $12.6 billion of capital to shareholders since 2021, with dividends and buybacks totaling $1.4 billion in 2024, representing an 8% yield.
Diversification Benefits
Diversification across products, end markets, and geographies, with North America being the largest contributor to EBITDA.
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MT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $25.21 | $26.29 | +4.28% |
| Aug 01, 2024 | $22.67 | $21.24 | -6.31% |
| May 02, 2024 | $24.66 | $25.64 | +3.97% |
| Feb 08, 2024 | $26.97 | $28.19 | +4.52% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does ArcelorMittal (MT) report earnings?
ArcelorMittal (MT) is schdueled to report earning on Feb 06, 2025, Before Open Not Confirmed.
What is ArcelorMittal (MT) earnings time?
ArcelorMittal (MT) earnings time is at Feb 06, 2025, Before Open Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MT EPS forecast?
MT EPS forecast for the fiscal quarter 2024 (Q4) is $0.65.
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