TX - Ternium stock slumps after Q4 earnings miss

Ternium (TX -12.7%) is trading down after the company missed estimates for Q4 earnings and revenue and projected a sequential decrease in Q122 EBITDA. Revenue fell 6% sequentially and 68% Y/Y TO ~$4.33B, missing analysts estimates by $320M. Shipments dipped 8% sequentially to 2.8M, mainly due to lower steel shipments in Mexico partially offset by higher steel volumes in the Other Markets region. Operating income amounted to $1.4B, with EBITDA totaling $1.5B. EBITDA per ton was $532.3, down $80.1 from record-high EBITDA per ton in the previous quarter mainly reflecting higher costs of purchased slabs and raw materials, partially offset by higher realized steel prices. Earnings per ADS came to $5.08, also missing analysts estimates. In full year 2021, the steel maker generated EBITDA of $5.9B, highest on record, on steel shipments of 12.1M tons, with EBITDA margin of 36% and EBITDA per ton of $485.9. Steel shipments of 12.1M

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Ternium stock slumps after Q4 earnings miss