ASTL News and Press, Algoma Steel Group Inc. From 06/15/22

Algoma Steel (NASDAQ:ASTL) garnered 15.4% in early premarket trade after Q4 saw a significant revenue growth (+47.5% Y/Y) and FY reported a record full year revenue, adj. EBITDA and free cash flow performance. Q4 consolidated income from operations stood at $310.6M compared to $130M in prior ...

Algoma Steel Group press release (NASDAQ:ASTL): Q4 GAAP EPS of $1.45. Revenue of $941.8M (+47.5% Y/Y). Adjusted EBITDA of $334.4 million and Adjusted EBITDA margin of 35.5%, compared to $166.9 million and 26.1% in the prior-year quarter. Shipments of 547,217 tons, down from 621,843 tons in th...

Record Full-Year Revenue, Adjusted EBITDA and Free Cash Flow Performance Electric Arc Furnace Construction Advancing as Planned Announces Intention to Launch US$400 Million Substantial Issuer Bid in June as Part of Its Capital Allocation Strategy SAULT ...

SAULT STE. MARIE, Ontario, June 01, 2022 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, announced today that the Company will release its fiscal 2022 fourth qu...

Algoma Steel Group (NASDAQ:ASTL) has awarded the structural building contract for its electric arc steelmaking facility to Hamilton, ON-based Walters Group. Walters will be responsible for fabricating and erecting the main building structure in addition to the necessary dust collection h...

SAULT STE. MARIE, Ontario, April 25, 2022 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today announced that it has awarded the structural building contract f...

Algoma Steel Group (NASDAQ:ASTL) has appointed Michael Garcia as Chief Executive Officer, effective June 1, 2022 as current CEO Michael McQuade retires. Mr. McQuade will continue to serve on the company’s board of directors. Mr. Garcia will also join the Board concurrent with his ...

SAULT STE. MARIE, Ontario, April 18, 2022 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or the “Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today announced the appointment of Mich...

SAULT STE. MARIE, ONTARIO, April 08, 2022 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or the “Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today commented on Ontario’s new...

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