- ArcelorMittal S.A. press release ( NYSE: MT ): Q3 GAAP EPS of $1.11 misses by $0.14 .
- Revenue of $18.98B (-6.2% Y/Y) beats by $1.61B .
- Operating income of $1.7B in 3Q 2022 (vs. $4.5B in 2Q 2022).
- EBITDA of $2.7B in 3Q 2022 vs. $5.2B in 2Q 2022.
- Total steel shipments in 3Q 2022 were 13.6Mt, -5.6% lower as compared with 14.4Mt in 2Q 2022.
- Capex in 3Q 2022 amounted to $784 million compared with $655 million in 2Q 2022 and $675 million in 3Q 2021.
- Full year 2022 capex guidance has been reduced to $3.5 billion (from $4.2 billion previous guidance) implying 4Q 2022 capex of ~$1.5 billion.
- Full year 2023 capex plans and guidance will be provided at full year 2022 results in February 2023, but 2H 2022 run rate levels are a good base-line for full year 2023.
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ArcelorMittal S.A. GAAP EPS of $1.11 misses by $0.14, revenue of $18.98B beats by $1.61B