Ternium S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 02, 2021 at 04:24 pm EDT
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Ternium S.A. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was USD 4,592 million compared to USD 2,138.6 million a year ago. Net income was USD 1,202.1 million compared to net loss of USD 48.5 million a year ago. Basic earnings per share from continuing operations was USD 6.12 compared to basic loss per share from continuing operations of USD 0.25 a year ago.
For the nine months, sales was USD 11,761.1 million compared to USD 6,155.8 million a year ago. Net income was USD 2,827.1 million compared to net loss of USD 16 million a year ago. Basic earnings per share from continuing operations was USD 14.4 compared to basic loss per share from continuing operations of USD 0.08 a year ago.
Ternium S.A. is a producer of steel products. The Company produces finished and semi-finished steel products and iron ore, which are sold either directly to steel manufacturers, steel processors or end users. The Company operates through two segments: Steel and Mining. The Steel segment includes the sales of steel products, and the Mining segment includes the sales of iron ore products, which are primarily inter-company. The Steel segment comprises three operating segments: Mexico, the Southern Region, and Other Markets. In the steel segment, steel products include slabs, billets, and round bars (steel in its basic, semi-finished state), hot-rolled coils and sheets, bars and stirrups, wire rods, cold-rolled coils and sheets, tin plate, hot dipped galvanized and electrogalvanized sheets and pre-painted sheets, steel pipes and tubular products, beams, roll-formed products, and other products. In the mining segment, iron ore is sold as concentrates (fines) and pellets.
TERNIUM S.A. 
