ArcelorMittal moves higher on surging Q4 earnings, revenues [Seeking Alpha]
Arcelor Mittal NY Registry Shares NEW (MT)
Last arcelor mittal ny registry shares new earnings: 2/6 01:00 am
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Source: Seeking Alpha
ArcelorMittal moves higher on surging Q4 earnings, revenuesArcelorMittal (NYSE:MT)+1.8% premarket after reportingQ4 net profit of $1.04B, more than doubling its result from a year ago, andresuming dividend payments.Q4 sales rose by 25% to $17.7B due to higher steel and iron ore shipments and higher average steel selling prices.MT says net debt fell by $1.9B to $10.1B during the quarter, mainly due to positive free cash flow, and plans reduce debt still further to $6B.MT offers anupbeat steel industry outlook for 2018, saying the demand environment remains positive and steel spreads remain healthy; it estimates global steel demand measured by apparent steel consumption will grow 1.5%-2.5% in 2018, with Chinese demand flat.The company says it will continue to work with the European Commission, which has opened a phase 2 review of its proposed acquisition of Italian steelmaker Ilva.See all stocks on the move »Now read:The Nest Egg Portfolio: I'm Selling ArcelorMittal Again »
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News
- ArcelorMittal S.A. (NYSE: MT) had its "hold" rating re-affirmed by analysts at Deutsche Bank Aktiengesellschaft. They now have a $31.00 price target on the stock, down previously from $34.00.MarketBeat
- ArcelorMittal's Irina Gorbounova Joins CHAR Tech Board of Directors [Yahoo! Finance]Yahoo! Finance
- ArcelorMittal's Irina Gorbounova Joins CHAR Tech Board of Directors [Financial Post (Toronto, Ontario, Canada)]Financial Post
- 20 Countries with the Largest Slum Population in the World [Yahoo! Finance]Yahoo! Finance
- ArcelorMittal S.A.: ArcelorMittal publishes interim update on its company-wide safety auditGlobeNewswire
MT
Earnings
- 2/8/24 - Beat
MT
Sec Filings
- 4/10/24 - Form 6-K
- 4/8/24 - Form F-3ASR
- 4/8/24 - Form 6-K
- MT's page on the SEC website