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home / news releases / MT - ArcelorMittal S.A. GAAP EPS of $2.20 revenue of $18.6B misses by $80M

MT - ArcelorMittal S.A. GAAP EPS of $2.20 revenue of $18.6B misses by $80M

Arcelor Mittal NY Registry Shares NEW

2023-07-27 04:45:50 ET

  • ArcelorMittal S.A. press release ( NYSE: MT ): Q2 GAAP EPS of $2.20.
  • Revenue of $18.6B (-16.0% Y/Y) misses by $80M .
  • Sales in 2Q 2023 were -16.0% lower as compared to 2Q 2022 primarily due to lower average steel selling prices (-16.1%) and lower steel shipments (-1.2%).
  • Total steel shipments in 2Q 2023 were -1.7% lower at 14.2Mt as compared with 14.5Mt for 1Q 2023.
  • The Company ended June 30, 2023 with net debt of $4.5bn, $0.7bn lower than the end of March 31, 2023.

For further details see:

ArcelorMittal S.A. GAAP EPS of $2.20, revenue of $18.6B misses by $80M
Stock Information
Company Name: Arcelor Mittal NY Registry Shares NEW
Stock Symbol: MT
Market: NYSE
Website: arcelormittal.com
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