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Ternium S.A.

5/24/2013, 10:34 AM ET

Quote & Headlines Market Currents StockTalk

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| Earnings
| Dividends
| M&A
| On the move

Tuesday, April 30, 12:22 PM Latin American steelmaker Ternium (TX +5.1%) surges higher after saying it won’t pursue a purchase of ThyseenKrupp's (TYEKF.PK) steel plant in Rio de Janeiro state in Brazil because of its valuation and industry conditions in Brazil. TX says it is assessing alternative growth options after backing out of the bidding process. (Q1 earnings) Comment! [Commodities, On the Move]
Tuesday, April 30, 9:08 AM Ternium (TX): Q1 EPS of $0.66 beats by $0.14. Revenue of $2.14B misses by $0.02B. (PR) 1 Comment [Earnings, Breaking News]
Monday, April 1, 3:53 PM Anglo American (AAUKY.PK, AAUKF.PK) says its $8.8B Minas Rio project in Brazil is 60% complete, and is in talks with Eike Batista's LLX Logistica to allow the billionaire to open their jointly owned port terminal to other investments. Anglo also says it is continuing talks with Ternium (TX) for an iron-ore supply contract from Minas-Rio, after saying last year an agreement would be signed by June 2012. Comment! [Commodities, Global & FX]
Monday, March 25, 5:56 PM After-hours top gainers, as of 5:15 p.m.: CALL +6%. TX +5%. KWK +4%. CAR +4%. SONC +5%.
After-hours top losers: HXM -9%. GMAN -5%. CLMT -5%. MGLN -2%. Comment! [On the Move]
Tuesday, March 19, 6:05 PM Final offers for ThyssenKrupp's (TYEKF.PK) steel plants in Brazil and Alabama reportedly are well below expectations, as the German steel maker enters the final stretch of a long sales process. A deal could be announced as early as April, but likely will trigger a further writedown of ~$1.3B because the bids are far below the current $5B book value of the plants. 4 Comments [Commodities, Global & FX]
Friday, March 15, 10:15 AM Italian-Argentine steelmaker Ternium (TX) may make a firm bid for ThyssenKrupp's (TYEKF.PK) money-losing mill in Brazil, but its current proposal isn't very attractive, local reports say. Krupp is said to want to conclude the sale of its Steel Americas unit, which includes the Brazilian mill and another compound in Alabama, by September. Comment! [Commodities, Global & FX]
Tuesday, November 6, 2012, 4:04 PM Ternium (TX): Q3 EPS of $0.62 beats by $0.04. Revenue of $2.2B (-10% Y/Y) beats by $120M. (PR) Comment! [Earnings]
Friday, September 7, 2012, 12:17 PM The steel industry remains burdened with chronic structural overcapacity that will take at least seven years to eliminate, Credit Suisse says, but demand looks to be at the low end of the cycle, suggesting an upturn in the steel market is likely by 2013 or 2014. In such an environment, the firm favors MT, RS, NUE, PKX, TX. 1 Comment [Commodities, On the Move]
Tuesday, July 31, 2012, 6:57 PM Ternium (TX): Q2 EPS of $0.56 misses by $0.16. Revenue of $2.15B (-7.5% Y/Y) misses by $0.03B. (PR) Comment! [Earnings]
Wednesday, April 25, 2012, 7:27 AM Ternium (TX): Q1 EPS of $0.81 may not be comparable to consensus of $1.09. Revenue of $2.18B (+2.2% Y/Y) in-line. (PR) Comment! [Earnings]
Wednesday, February 22, 2012, 7:49 AM Ternium (TX): Q4 EPS of $0.53 misses by $0.12. Revenue of $2.2B (+14% Y/Y) in-line. Shares +2.3% premarket. (.pdf) Comment! [Earnings, On the Move]
Wednesday, February 22, 2012, 12:05 AM Notable earnings before Wednesday's open: BRKR, CHS, CLH, CNK, DCI, DLTR, EV, GAS, GRMN, IDA, LAMR, MGM, PWR, TJX, TOL, TX, WIN, YNDX Comment! [Earnings]
Tuesday, February 21, 2012, 5:30 PM Notable earnings before Wednesday's open: BRKR, CHS, CLH, CNK, DCI, DLTR, EV, GAS, GRMN, IDA, LAMR, MGM, PWR, TJX, TOL, TX, WIN, YNDX Comment! [Earnings]
Monday, November 28, 2011, 9:20 AM Ternium (TX) is up just 1%, far less than other steelmakers, after announcing it will partner with Tenaris (TS) to acquire a 27.7% stake in Brazilian steel manufacturer Usiminas, for $2.7B. Separately, Japan's Nippon Steel is acquiring a smaller stake in Usiminas. Comment! [Commodities, M&A]
Monday, November 21, 2011, 10:25 AM Ternium (TX -4.8%) trades lower after Goldman cuts the shares to Neutral, citing the negative impact from the company's potential acquisition of Usiminas. Comment! [Global & FX, On the Move]
Thursday, November 17, 2011, 4:06 PM Shares in Argentine steelmaker Ternium (TX -18%) sink after the company confirmed earlier that it's in talks to buy a minority stake in Brazilian steelmaker Usiminas (USZNY.PK). Comment! [Global & FX, Commodities]