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Usinas Siderurgicas de Minas (USNZY)
OTHER OTC:USNZY
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Earnings Data
Report Date
Feb 14, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.04Last Year’s EPS
0.12Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 26, 2018
|% Change Since: -25.89%
|Next Earnings Date:Jul 27, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a strong performance in steel production and domestic sales, with significant cost reduction efforts leading to a recovery in EBITDA and profitability. However, challenges remain due to increased imports and international market pressures, notably from China, affecting margins and competition.Company Guidance
During the Q3 2024 earnings call, Usiminas provided a detailed outlook on its operational and financial performance. The company reported a notable 54% increase in Blast Furnace 3 production compared to the previous quarter, achieving the highest production level since 2010. Overall gross steel production rose by 22%, demonstrating enhanced productivity with two blast furnaces instead of three. The domestic steel sales saw a 10% increase, driven by resilient demand in the storage, domestic appliances, and automotive sectors, despite challenges from high import levels and unfair competition, particularly from China. The Brazilian GDP growth was projected above 3% for 2024, supported by industrial activity and family consumption, with a moderated growth of 2% anticipated for 2025. Usiminas achieved its best EBITDA since Q1 2023 and reversed previous quarter losses due to improved operational efficiency and cost reductions. Additionally, a successful BRL 1.8 billion debenture issuance allowed the company to extend its debt profile and improve financial leverage, ending the quarter with a net profit of BRL 185 million and a cash position of BRL 5.9 billion. The company also focused on community support and educational initiatives, including refurbishing a public school in Ipatinga.Increased Steel Production and Sales
Blast Furnace 3 achieved its highest production level since 2010, with a total production increase of 22% in gross steel. Domestic steel sales increased by 10%, indicating resilient demand.
EBITDA and Profit Recovery
Usiminas reported its best EBITDA since Q1 2023 and reversed previous quarter losses, achieving a profit of BRL 185 million.
Successful Debenture Issuance
The company completed its seventh issuance of debentures, raising BRL 1.8 billion, with improved financial leverage and reduced net debt.
Cost Reduction Achievements
Usiminas reduced cash costs by 10% and COGS by 3%, emphasizing operational efficiency and productivity gains.
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USNZY 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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USNZY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 25, 2024 | $1.12 | $1.16 | +3.57% |
| Jul 26, 2024 | $1.46 | $1.12 | -23.29% |
| Apr 23, 2024 | $1.97 | $1.72 | -12.69% |
| Feb 09, 2024 | $1.83 | $1.82 | -0.55% |
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 Usinas Siderurgicas de Minas (USNZY) report earnings?
Usinas Siderurgicas de Minas (USNZY) is schdueled to report earning on Feb 14, 2025, TBA Not Confirmed.
What is Usinas Siderurgicas de Minas (USNZY) earnings time?
Usinas Siderurgicas de Minas (USNZY) earnings time is at Feb 14, 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 USNZY EPS forecast?
USNZY EPS forecast for the fiscal quarter 2024 (Q4) is 0.04.
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