Ternium S.A. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 01, 2023 at 04:58 pm EDT
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Ternium S.A. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 3,871 million compared to USD 4,438 million a year ago. Net income was USD 627 million compared to USD 799 million a year ago. Basic earnings per share from continuing operations was USD 3.2 compared to USD 4.1 a year ago.
For the six months, sales was USD 7,495 million compared to USD 8,743 million a year ago. Net income was USD 1,001 million compared to USD 1,575 million a year ago. Basic earnings per share from continuing operations was USD 5.1 compared to USD 8 a year ago.
Ternium S.A. is a producer of steel products. The Company produces finished and semi-finished steel products and iron ore, which are sold either directly to steel manufacturers, steel processors or end users. The Company operates through two segments: Steel and Mining. The Steel segment includes the sales of steel products and the Mining segment includes the sales of iron ore products, which are primarily inter-company. The Steel segment comprises three operating segments: Mexico, the Southern Region and Other Markets. In the steel segment, steel products include slabs, billets and round bars (steel in its basic, semi-finished state), hot-rolled coils and sheets, bars and stirrups, wire rods, cold-rolled coils and sheets, tin plate, hot dipped galvanized and electrogalvanized sheets and pre-painted sheets, steel pipes and tubular products, beams, roll-formed products, and other products. In the mining segment, iron ore is sold as concentrates (fines) and pellets.
TERNIUM S.A. 
