TX - Ternium GAAP EPS of $4.07 beats by $0.44 revenue of $4.44B misses by $40M

• Ternium press release ( NYSE: TX ): Q2 GAAP EPS of $4.07 beats by $0.44 .
• Revenue of $4.44B (+13.3% Y/Y) misses by $40M .
• Adjusted EBITDA of $1.2 billion on steel shipments of 3.0 million tons, with adjusted EBITDA margin of 28% and adjusted EBITDA per ton of $414.
• Outlook: Ternium expects these steel price decreases to negatively affect its margins during the third quarter of 2022, as the quarterly reset of contract prices gradually reflects lower average prices. The company also expects cost per ton to increase, primarily due to high raw material and slab costs flowing through the company's inventories. As a result, Ternium anticipates adjusted EBITDA to decrease in the third quarter compared to the second quarter of 2022, mainly due to a lower steel margin and steady shipment levels.

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