- Vale press release ( NYSE: VALE ): Q4 GAAP EPS of $0.82 beats by $0.19 .
- Revenue of $11.94B (-8.9% Y/Y) beats by $560M .
- Proforma adjusted EBITDA from continued operations of US$ 5.0 billion in Q4, US$ 1 billion higher q/q, mainly reflecting the higher iron ore sales volumes and higher realized prices in nickel and copper. Proforma adjusted EBITDA from continued operations of US$ 20.9 billion in 2022, 38% lower than 2021 mainly due to 23.6% lower iron ore fines realized prices.
- Free Cash Flow from Operations of US$ 5.7 billion in 2022, vs. US$ 20.0 billion in 2021 due to lower EBITDA.
- US$ 12.6 billion paid in dividends, interest on capital and share repurchases in 2022. Since 2020, Vale has returned US$ 35 billion to shareholders, representing around 46% of its market cap.
- US$ 1.8 billion in dividends to be paid in March 2023, considering Vale’s ordinary dividend policy applied to 2H22 results.
- 3rd share buyback program now 43% complete, with a disbursement of US$ 3.4 billion to repurchase 213 million shares
- With the three buyback programs, earnings and dividends on a per share basis have each increased 15% since April 2021.
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Vale GAAP EPS of $0.82 beats by $0.19, revenue of $11.94B beats by $560M