Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $19.52 USD
Change Today -0.17 / -0.86%
Volume 190.8K
TX On Other Exchanges
Symbol
Exchange
New York
Munich
Mexico
As of 8:04 PM 05/29/15 All times are local (Market data is delayed by at least 15 minutes).

ternium sa-sponsored adr (TX) Key Developments

Ternium S.A. Announces Restatement of Earnings Results for the Nine Months Ended September 30, 2014, for the Year Ended December 31, 2014 and for the Three Months Ended March 31, 2015

Ternium S.A. has revised its value in use calculation for its investment in Usinas Sider rgicas de Minas Gerais S.A. Usiminas and will restate its financial statements to reduce the carrying amount of the Usiminas investment to $561.8 million as of September 30, 2014. As a result of this restatement, the financial statements at December 31, 2014 and March 31, 2015 will also be restated to reflect the lower carrying value of the Usiminas investment. For the nine months ended September 30, 2014, the company restated its loss attributable to the owners of the parent was $251.8 million or $0.13 per share against profit attributable to the owners of the parent of $390.8 million or $0.20 per share as reported previously. For the year ended December 31, 2014, the company restated its loss attributable to the owners of the parent was $198.8 million or $0.10 per share against profit attributable to the owners of the parent of $452.4 million or $0.23 per share as reported previously. For the three months ended March 31, 2015, the company restated its profit attributable to the owners of the parent was $68.5 million or $0.03 per share against loss attributable to the owners of the parent of $42.8 million or $0.02 per share as reported previously. The company has revised its value in use calculation for its investment in Usinas Siderúrgicas de Minas Gerais S.A. – Usiminas (Usiminas) and will restate its financial statements to reduce the carrying amount of the Usiminas investment to $561.8 million as of September 30, 2014. As a result of this restatement, the financial statements at December 31, 2014 and March 31, 2015 will also be restated to reflect the lower carrying value of the Usiminas investment. Ternium’s cash flows are not affected.

Ternium S.A. Declares Dividend, Payable on May 15, 2015

Ternium S.A. declared dividend of $0.090 per share ($0.90 per ADS), or approximately $180.4 million at AGM held on May 6, 2015. The dividend will be paid on May 15, 2015, and the corresponding record date will be May 12, 2015.

Ternium S.A. announced delayed 20-F filing

On 05/01/2015, Ternium S.A. announced that they will be unable to file their next 20-F by the deadline required by the SEC.

Ternium Reports Earnings Results for the First Quarter of 2015; Provides Earnings Guidance for the Second Quarter of 2015

Ternium reported earnings results for the first quarter of 2015. For the quarter, the company slipped to a $22.2 million net loss compared to net earnings of $188 million in the prior year period, largely due to an impairment of its stake in Usiminas. Net sales declined 1% to $2.13 billion, as falling prices were partly offset by lower costs and a 4% rise in steel shipments to 2.43 Mt, with iron ore shipments up 9% at 965,000 t. Net sales in Mexico were up 3% to $1.24 billion and shipments increased 9% to 1.54 Mt, with net sales in the company's southern region (Argentina) down 1% to $632 million as lower prices were partly offset by 2% higher shipments of 622,700 t. EBITDA during the first quarter 2015 was $313 million, a 4% sequential increase, mainly reflecting a 3% increase in shipments. Free cash flow reached $240 million in the first quarter of 2015 and net debt decreased to $1.5 billion from $1.8 billion as of the end of the fourth quarter last year. Net cash provided by operating activities in the first quarter was $324 million, included a $70 million lower working capital. Capital expenditure was $84 million, down from $109 million in the previous quarter and from $104 million in the same period last year. The company expects operating margins and shipments in Mexico to fall in second quarter of 2015, as increased imports and destocking weigh on prices. Consequently, during the second quarter of the year, the company expects the lower operating margin compared to the operating margin in the first quarter as the company expects a decrease in revenue per ton will not be upset by a margin decrease in cost per ton. In addition, the company expects achievement across all market will remain relatively stable in the second quarter 2015 as a decrease in Mexico will be offset by a recovery in Argentina.

Ternium S.A., Q1 2015 Earnings Call, Apr 30, 2015

Ternium S.A., Q1 2015 Earnings Call, Apr 30, 2015

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
TX:US $19.52 USD -0.17

TX Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Commercial Metals Co $16.07 USD -0.02
Grupo Simec SAB de CV $44.85 MXN -0.55
Hebei Iron & Steel Co Ltd CNY5.05 CNY -0.06
Nucor Corp $47.30 USD -0.28
Siderar SAIC $6.85 ARS +0.25
View Industry Companies
 

Industry Analysis

TX

Industry Average

Valuation TX Industry Range
Price/Earnings 14.9x
Price/Sales 0.4x
Price/Book 0.8x
Price/Cash Flow 12.8x
TEV/Sales 0.1x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact TERNIUM SA-SPONSORED ADR, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.