![]() The company finished the quarter with a sound cash position, reporting $612.3 million in net cash from operations. At the bottom line, however, the results showed a stronger positive bent the $1.91 non-GAAP EPS was 92 cents per share better than had been anticipated. The company’s quarterly net sales of $3.6 billion showed a 16% y/y drop, and missed the forecast by over $25 million. Total steel shipments came to 3.065 million tons, up 4% year-over-year, while iron ore shipments fell 11% y/y to 799,000 tons. In April of this year, Ternium reported its 1Q23 results, and a look back at the first quarter will show how the company stands. Last year, the company reported net sales revenue of $16.4 billion. In addition to steel production, Ternium is active in iron ore mining in Mexico and in the production of coke and slag. Ternium produces hot-rolled and cold-rolled steel, steel tubes, shaped steel, galvanized sheeting, tinplate, and a variety of prefab items specifically for the construction industry. The company's products include a range of steel in many different types. The largest consumers of Ternium's products are Mexico, followed by Argentina and the US. ![]() The company has production facilities in Mexico, Argentina, Brazil, and Colombia, as well as in Central America and the southern US. We'll start south of the border, where Ternium is Latin America's largest flat steel producer and one of the largest steel firms in the Western Hemisphere. With this in mind, we used the TipRanks' database to zero in on two stocks that, according to Wall Street analysts, could generate a combination of considerable capital gains and dividend income – making them a potential double-fisted payday for investors. ![]()
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