Financial Data and Key Metrics Changes - EBITDA for 2024 was $7.1 billion, translating to $130 of EBITDA per ton shipped, nearly double the previous cycle lows, indicating a structural transformation in the business [17][18] - Adjusted net income reached $2.3 billion, representing a 4.4% return on book value of equity, with return on capital employed at 6% [18] - Generated over $2 billion of investable cash flow in 2024, totaling $21 billion since 2021 [19] Business Line Data and Key Metrics Changes - The company expects a structural EBITDA impact of $1.9 billion from high-return strategic projects, with $400 million to be captured in 2025 and $600 million in 2026 [9][10] - Recent projects, including the Vega coal mill complex in Brazil and a new hot strip mill in Mexico, are performing well and contributing to incremental EBITDA [10] Market Data and Key Metrics Changes - The company anticipates slightly positive apparent demand growth in the market, positioning itself to benefit from any recovery [21] - The automotive market in North America is stable, while Europe is expected to see a modest decline in production [115] Company Strategy and Development Direction - The company is focused on safety improvements and achieving a culture of being fatality and injury-free [6][7] - A commitment to decarbonization is evident, with absolute carbon emissions reduced to approximately half of 2018 levels [12] - The company aims to maintain a capital expenditure envelope between $4.5 billion to $5 billion, with flexibility in allocation based on market conditions [31] Management's Comments on Operating Environment and Future Outlook - Management acknowledges challenges in the current cycle but emphasizes resilient results and confidence in future cash flow generation [8][21] - The company is optimistic about the potential for recovery in demand and is well-positioned to capitalize on it [21] Other Important Information - The dividend has increased to $0.55 per share, reflecting a 10% increase from the previous year and an 80% increase since 2020 [21] - The company has returned significant cash to shareholders through buybacks, reducing share count by 37% over the last four years [11] Q&A Session Summary Question: Impact of the non-green steel plant in Calvert - Management confirmed that the commissioning of the new electric furnace in Calvert is on track and will not materially delay the second electric arc furnace [28][30] Question: CapEx expectations - The company plans to keep overall CapEx between $4.5 billion to $5 billion, with flexibility to adjust based on market conditions [31] Question: EBITDA potential from Liberia's volume increase - Management explained that the EBITDA potential increase is limited due to quality considerations of the products being produced [34] Question: Potential tariffs on Canadian and Mexican steel - Management noted that while tariffs could impact operations, the revenue impact would likely offset costs, and they are focused on strengthening the NAFTA trading block [42][44] Question: Electrical steel market outlook - The non-grain-oriented electrical steel market is currently in deficit, with strong growth expected due to demand from both electric and hybrid vehicles [50][52] Question: European performance and margin stability - Management highlighted strong cost performance in Europe, contributing to stable margins despite challenging market conditions [123] Question: Future of Vallourec stake - Management expressed satisfaction with the current 28% stake in Vallourec and has no immediate plans to increase it [140]

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 ...

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 ...

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 ...