- ArcelorMittal (NYSE:MT): Q4 Adj. net loss of $0.4B excl. impairment charges of $4.7B
- Revenue of $13.98B (-25.3% Y/Y) misses by $750M.
- FY15 total shipments at 84.6mmt vs. 85.1mmt.
- FY16 Guidance: EBITDA to be in the excess of $4.5B assuming current raw material cost and spot steel spreads.
- Capex spend at approx. $2.4B vs. $2.7B in 2015.
- Lower interest expense of approx. $1.1B vs. $1.3B in 2015.
- No dividend payment and lower cash taxes in 2016
- Shares -8% PM.
- Press Release
ArcelorMittal adj. net loss of $0.4B
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