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POSCO Holdings Inc. (NYSE:PKX) Q4 2024 Earnings Call Transcript [Yahoo! Finance]

POSCO Holdings Inc. American Depositary Shares (Each representing 1/4th of a share of) (PKX) 
Company Research Source: Yahoo! Finance
POSCO Holdings Inc. isn't one of the 30 most popular stocks among hedge funds at the end of the third quarter ( see the details here Ki-Seop Jeong : Good afternoon. I am Ki-Seop Jeong, CSO of POSCO Holdings. First of all, I would like to thank our investors for your continuous support and attention to POSCO Holdings. 2023 was a difficult year, both internally and externally. Looking inward, the early recovery from flood-related damage was encouraging. However, high-interest rates in the U.S. weighed down on the global economy, while China's underwhelming reopening suppressed steel prices. On the backdrop of the ongoing war in Ukraine, the conflict in Gaza in the fourth quarter escalated geopolitical risks in the Middle East and pushed up energy prices. This has been coupled with softening EV demand and the downturn in critical metals prices, bringing our consolidated revenues in 2023 to KRW 77.1 trillion and operating profit to KRW 3.5 trillion, a decline in profits from last year. Show less Read more
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