ArcelorMittal (MT) reported $14.71 billion in revenue for the quarter ended December 2024, representing a year-over-year increase of 1.1%. EPS of $0.52 for the same period compares to $1.18 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $15.55 billion, representing a surprise of -5.40%. The company delivered an EPS surprise of +26.83%, with the consensus EPS estimate being $0.41.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- a ...

Luxembourg, February 6, 2025 - ArcelorMittal (referred to as "ArcelorMittal" or the "Company" or the "Group") (MT (New York, Amsterdam, Paris, Luxembourg), MTS (Madrid)), the world's leading integrated steel and mining company, today announced results1 for the three-month and twelve-month periods ended December 31, 2024. 2024 key highlights: Safety focus: Protecting employee health and well-being remains an overarching priority of the Company. LTIF rate of 0.70x in FY 2024 and 0.92x in FY 2023. Business spe ...

Wall Street analysts expect ArcelorMittal (MT) to post quarterly earnings of $0.41 per share in its upcoming report, which indicates a year-over-year decline of 65.3%. Revenues are expected to be $15.55 billion, up 6.9% from the year-ago quarter.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Ahead of a company's earnings disclosure, it is cru ...

ArcelorMittal (‘the Company') today announces the publication of its fourth quarter and full year 2024 sell-side analyst consensus figures. The consensus figures are based on analysts' estimates recorded on an external web-based tool provided and managed by an independent company, Visible Alpha. To arrive at the consensus figures below, Visible Alpha has aggregated the expectations of sell-side analysts who, to the best of our knowledge, cover ArcelorMittal on a continuous basis. This is currently a group o ...

Core Viewpoint - ArcelorMittal has published the fourth quarter and full year 2024 sell-side analyst consensus figures, which are based on estimates from approximately 15 brokers using an external tool managed by Visible Alpha [1][2]. Financial Estimates - The consensus estimates for 4Q'24 include an EBITDA of $1,529 million, net income of $319 million, and earnings per share of $0.41 [3]. - For FY'24, the consensus estimates are an EBITDA of $6,929 million, net income of $2,044 million, and earnings per share of $2.55 [3]. Analyst Participation - The consensus figures are based on the contributions of 13 sell-side analysts who have updated their estimates in Visible Alpha [3]. - The list of participating analysts includes firms such as Bank of America, CITI, Deutsche Bank, and Goldman Sachs [4]. Company Overview - ArcelorMittal is a leading integrated steel and mining company with operations in 60 countries and primary steelmaking in 15 countries [8]. - In 2023, the company generated revenues of $68.3 billion, produced 58.1 million metric tonnes of crude steel, and 42.0 million tonnes of iron ore [8]. Purpose and Vision - The company aims to produce innovative steels that are energy-efficient, low in carbon emissions, and cost-effective, supporting the transition to renewable energy infrastructure [9].

The Zacks Steel Producers industry is buffeted by significant challenges as steel prices have experienced a sharp decline in the United States and globally. Soft demand in China amid an economic slowdown is also a concern.However, steady demand in the automotive and non-residential construction markets augur well for the industry. Players from the space, like Nucor Corporation (NUE) , ArcelorMittal S.A. (MT) and Steel Dynamics, Inc. (STLD) are worth a look despite near-term headwinds.About the Industry The ...

ArcelorMittal’s (MT) division, ArcelorMittal South Africa, has decided to wind down its Longs Business after facing continuous challenges like weak economic growth, high logistics and energy costs, and an influx of low-cost steel imports from China.The Longs Business remained unsustainable even after extensive consultations with the government and stakeholders to find viable solutions due to persistent high logistics and energy costs, combined with insufficient policy interventions, especially those decisio ...

Group 1 - The article introduces Maxime Emile as a new contributing analyst for Seeking Alpha, focusing on investment ideas and financial insights [1] - Maxime Emile specializes in the industrial sector, emphasizing the historical significance of Europe as an industrial superpower [2] - The analyst values companies with a strong operational performance history and a good reputation among investors, which is prevalent in the industrial sector [2] Group 2 - The analyst expresses a desire to share investment philosophies that have proven beneficial over the years [2] - There is a disclosure indicating a beneficial long position in the shares of a specific company, MT, through various financial instruments [3] - Seeking Alpha clarifies that past performance does not guarantee future results and that the views expressed may not reflect the platform's overall stance [4]

With reference to Article 19(3) of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulations), ArcelorMittal announces that notifications of share transaction by a Designated Person (i.e. Directors or Executive Officers) are available in the Luxembourg Stock Exchange’s electronic database OAM on www.bourse.lu and on ArcelorMittal’s web site www.arcelormittal.com under Investors > Share Transactions by Management:https://corporate.arc ...

Collaboration and Innovation - ArcelorMittal and LanzaTech Global have achieved a production milestone at the Steelanol facility in Ghent, enabling barge shipping of ethanol [1] - The Steelanol facility converts carbon-rich industrial emissions into fuel-grade ethanol using LanzaTech's carbon recycling technology, marking a first in the European steel sector [2] - The facility produces 80 million liters of advanced ethanol annually, accounting for roughly half of Belgium's current consumption [4] Sustainability and Decarbonization - ArcelorMittal is making significant progress in lowering CO2 emissions through initiatives like Steelanol and Torero, which transforms waste wood into biocoal [3] - The Steelanol facility aims to reduce carbon emissions by 125,000 tons per year, supporting the EU's 2030 Climate Target Plan to cut greenhouse gas emissions by 55% by 2030 [4] - The company is optimizing its decarbonization strategy to maintain competitiveness and profitability while addressing climate concerns [6] Financial and Strategic Outlook - ArcelorMittal anticipates 2024 capital expenditure to remain within the previous guidance of $4.5 billion to $5 billion [6] - Strategic expansion projects are expected to boost EBITDA and investable cash flow in the future [6] - The company's global asset portfolio positions it to capitalize on medium/long-term growth in steel demand [6] Market Performance and Industry Comparison - ArcelorMittal's shares have declined by 6.9% over the past year, outperforming the industry's 17.8% decline [5] - The company currently holds a Zacks Rank 3 (Hold) [7] Industry Peers and Rankings - Carpenter Technology Corporation (CRS) holds a Zacks Rank 1 (Strong Buy) and has seen its shares soar 161.6% in the past year [9] - DuPont de Nemours, Inc. (DD) has a Zacks Rank 2 (Buy) and its shares have rallied 13.4% over the past year [10] - CF Industries Inc. (CF) also holds a Zacks Rank 1 and has rallied around 18.2% in the past year [11]