MT - ArcelorMittal GAAP EPS of $3.93 revenue of $20.81B

ArcelorMittal press release (NYSE:MT): Q4 GAAP EPS of $3.93. Revenue of $20.81B (+46.8% Y/Y). EBITDA in 4Q 2021 of $5,052M vs. $6,058M compared to 4Q 2020. Capex of $1,145M in 4Q 2021 compares to $675M in 3Q 2021 and $668M in 4Q 2020. Outflows from lease payments and other financing activities were $53 million in 4Q 2021 and $46 million in 3Q 2021. Gross debt increased by $152 million to $8.4 billion as of December 31, 2021, as compared to $8.2 billion as of September 30, 2021 and $12.3 billion as of December 31, 2020. Total steel shipments in 4Q 2021 were 15.8Mt, 7.9% higher as compared with 14.6Mt in 3Q 2021. Outlook: ArcelorMittal expects global apparent steel consumption in 2022 to grow between +0% to +1.0% (versus growth of +4% in 2021). Capex is expected to increase from $3.0 billion in 2021 to $4.5 billion in 2022. The company expects strong

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ArcelorMittal GAAP EPS of $3.93, revenue of $20.81B