ASTL News and Press, Algoma Steel Group Inc. From 06/17/22

Algoma Steel Group (NASDAQ:ASTL) declares $0.05/share quarterly dividend, in line with previous. Forward yield 2.18% Payable July 15; for shareholders of record June 27; ex-div June 24. See ASTL Dividend Scorecard, Yield Chart, & Dividend Growth. For further details see: Algoma Stee...

Algoma Steel Group (NASDAQ:ASTL) provided an update on the Jun. 9 accidental release of lubricant oil into St. Mary's River, having said the estimated amount of oil discharged into the river was in the range of 1,000 liters to 1,250 liters. The company said it continues to work with...

SAULT STE. MARIE, Ontario, June 17, 2022 (GLOBE NEWSWIRE) -- Today Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), provided the following update to the community and neighbouring stakeholders regarding the June 9 th accidental r...

Algoma Steel was trading at an EV/EBITDA ratio of 0.5 right before the earnings announcement. I have never seen anything like it. The company will spend US$400M on a Dutch auction stock buyback. Even after this buyback is completed, the company will likely have close to US$500M in...

Algoma Steel leans on its strong balance sheet and issues a Substantial Issuer Bid. This is a huge share repurchase program, where Algoma will look to repurchase $400 million worth of stock in the coming month. Algoma Steel's accelerated share repurchase program could see approxim...

Algoma Steel Group Inc. (ASTL) Q4 2022 Earnings Conference Call June 15, 2022 11:00 a.m. ET Company Representatives Michael McQuade - Former Chief Executive Officer, Current Board Member Michael Garcia - New Chief Executive Officer Rajat Marwah - Chief Financial Officer Michael Moraca - Treas...

Gainers: Heliogen (HLGN) +26%. Austin Gold (AUST) +20%. Algoma Steel Group (ASTL) +17%. Benson Hill (BHIL) +10%. Mesa Royalty Trust (MTR) +10%. Losers: China Green Agriculture (CGA) -10%. Olin Corporation (OLN) -9%. Gulf Resources (GURE) -7%. Westlake (WLK) -6%. Excelerate Energy (E...

Shares of Canadian steel company Algoma Steel Group (NASDAQ: ASTL) exploded 18.5% higher on Wednesday morning (as of 10:45 a.m. ET) after beating analyst forecasts for its fiscal Q4 and full-year 2022 earnings. Heading into the report, analysts expected Algoma to report a $1...

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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 ...