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Sherritt Int'l Corp (TSE:S)
TSX:S
Earnings Data
Report Date
May 07, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.03Last Year’s EPS
-0.06Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 05, 2025
|% Change Since: -20.00%
|Next Earnings Date:May 07, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a strong operational performance and strategic management under challenging market conditions. While significant achievements in sales, cost reductions, and expansion projects are highlighted, the company faces ongoing challenges from low nickel and cobalt prices and external factors in Cuba.Company Guidance
During the Sherritt International Corporation Fourth Quarter 2024 Results Conference Call, the company provided guidance highlighting several key financial and operational metrics. For 2025, they anticipate nickel and cobalt production to increase, with production weighted towards the latter half of the year following the ramp-up of Phase 2 of the Moa Joint Venture expansion. The company expects to maintain its net direct cash cost (NDCC) consistent with 2024 levels, benefiting from higher production and sales, despite lower cobalt byproduct credits and increased input costs. Notably, they project significantly higher dividends from Energas, estimating $25 million to $30 million, a substantial increase from the $13 million received in 2024. The Moa Joint Venture's tailings project is expected to require $40 million in each of 2025 and 2026, with a new tailings facility scheduled for commissioning in 2026 to support the Moa mine's 25-year life span. Additionally, Sherritt plans to continue its strategic initiatives, including the MHP project, aimed at refining capabilities in the EV value chain.Significant Increase in Nickel Sales
Full year 2024 nickel sales increased 22%, demonstrating successful marketing strategies and spot sales.
Cost Reductions and Operational Efficiency
Net direct cash cost (NDCC) decreased 18% from the previous year due to strategic cost management, despite lower cobalt byproduct credits.
Moa Joint Venture Expansion Progress
Phase 2 of the Moa Joint Venture expansion is nearing completion with commissioning and ramp-up scheduled for this year.
Six-Year High in Electricity Production
Power segment achieved a six-year high in electricity production, driven by operational improvements and increased gas supply.
Increased Dividends from Energas
Dividends from Energas increased to $13 million in 2024, with expectations to double in 2025.
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TSE:S 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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TSE:S Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 05, 2025 | C$0.20 | C$0.20 | 0.00% |
| Oct 30, 2024 | C$0.19 | C$0.19 | 0.00% |
| Jul 29, 2024 | C$0.23 | C$0.22 | -4.35% |
| May 08, 2024 | C$0.33 | C$0.32 | -3.03% |
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 Sherritt Int'l Corp (TSE:S) report earnings?
Sherritt Int'l Corp (TSE:S) is schdueled to report earning on May 07, 2025, TBA Not Confirmed.
What is Sherritt Int'l Corp (TSE:S) earnings time?
Sherritt Int'l Corp (TSE:S) earnings time is at May 07, 2025, TBA 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 TSE:S EPS forecast?
TSE:S EPS forecast for the fiscal quarter 2025 (Q1) is -0.03.
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