Core Viewpoint - The French President Macron stated that nationalizing the steel manufacturer ArcelorMittal is absolutely impossible [1] Group 1 - Macron's comments indicate a firm stance against the nationalization of major industrial companies in France, emphasizing the government's commitment to maintaining a market-driven economy [1] - The statement reflects the broader context of France's industrial policy and the challenges faced by the steel industry, particularly in terms of competitiveness and sustainability [1]

Core Viewpoint - ArcelorMittal reported a first-quarter 2025 profit of $805 million, a decrease from $938 million in the same quarter last year, but earnings exceeded the Zacks Consensus Estimate of 71 cents per share [1] Financial Performance - Total sales for the quarter fell approximately 9.1% year over year to $14,798 million, surpassing the Zacks Consensus Estimate of $14,639.7 million [1] - Cash and cash equivalents at the end of the first quarter were $5,319 million, down around 2.1% year over year [4] - Long-term debt increased by 2.9% year over year to about $8,591 million [4] Segment Review - **NAFTA**: Sales decreased around 14% year over year to $2,877 million; crude steel production rose 3.4% to 2.3 million metric tons, while shipments fell 5.5% to 2.6 million metric tons [2] - **Brazil**: Sales fell approximately 13.2% year over year to $2,648 million; crude steel production increased roughly 0.4% to 3.6 million metric tons, and shipments decreased 0.7% to 3.2 million metric tons [2] - **Europe**: Sales decreased around 8% year over year to $7,218 million; crude steel production increased roughly 5% to 8 million metric tons, and shipments rose around 4% to 7.5 million metric tons [3] - **Mining**: Sales increased around 0.8% year over year to $735 million; iron ore production totaled 8.4 million metric tons, up about 29.2%, and iron ore shipments increased around 26.9% to 8 million metric tons [3] Outlook - The company plans capital expenditures for 2025 to range between $4.5 billion and $5 billion, with approximately $1.4 to $1.5 billion allocated to strategic growth initiatives and $0.3 to $0.4 billion for decarbonization projects [5] - The outlook for free cash flow remains favorable for 2025 and beyond, with expectations of enhanced long-term EBITDA and higher investable cash flow due to strategic growth projects [6] - A new long-term share buyback program has been launched, starting with an initial tranche of 10 million shares beginning on April 7, 2025 [6] Price Performance - Shares of ArcelorMittal have increased by 17.8% over the past year, contrasting with a 35.7% decline in the industry [7]

Company Overview - ArcelorMittal is the world's leading steel and mining company, operating in over 60 countries with a balanced portfolio of cost-competitive steel plants across both developed and developing markets [12] - The company is a leader in key sectors including automotive, household appliances, packaging, and construction [12] Investment Ratings - ArcelorMittal currently holds a Zacks Rank of 3 (Hold) and has a VGM Score of A, indicating a solid overall performance [12] - The company has a Value Style Score of A, supported by attractive valuation metrics such as a forward P/E ratio of 7.48, making it appealing to value investors [13] Earnings Estimates - In the last 60 days, four analysts have revised their earnings estimates higher for fiscal 2025, with the Zacks Consensus Estimate increasing by $0.27 to $4.02 per share [13] - ArcelorMittal has demonstrated an average earnings surprise of 9.6%, indicating a positive trend in earnings performance [13] Conclusion - With a strong Zacks Rank and top-tier Value and VGM Style Scores, ArcelorMittal is positioned as a noteworthy option for investors [13]

Core Insights - Zacks Premium provides various tools for investors to enhance their stock market engagement and confidence [1][2] - The Zacks Style Scores serve as complementary indicators to the Zacks Rank, helping investors select stocks with high potential for market outperformance [3][4] Zacks Style Scores - The Style Scores categorize stocks into four types: Value Score, Growth Score, Momentum Score, and VGM Score, each focusing on different investment characteristics [4][5][6][7] - Value Score emphasizes finding undervalued stocks using financial ratios [4] - Growth Score assesses a company's financial health and future growth potential [5] - Momentum Score identifies stocks with favorable price trends and earnings outlooks [6] - VGM Score combines all three styles to provide a comprehensive evaluation of stocks [7] Zacks Rank - The Zacks Rank is a proprietary model based on earnings estimate revisions, aiding investors in portfolio building [8] - Stocks rated 1 (Strong Buy) have historically produced an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [9] - Investors are encouraged to select stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B for optimal investment potential [10][11] Company Spotlight: ArcelorMittal - ArcelorMittal is the world's leading steel and mining company, operating in over 60 countries with a diverse portfolio [12] - Currently rated 3 (Hold) with a VGM Score of A, the company shows potential for momentum investors [12][13] - Recent earnings estimates for fiscal 2025 have been revised upward, with a Zacks Consensus Estimate of $3.82 per share and an average earnings surprise of 9.6% [13]

ARCELORMITTAL 6-K 1Q 2025 key highlights: Exhibit 99.1 Safety focus: Protecting employee health and well-being remains an overarching priority of the Company. LTIF rate of 0.63x in 1Q 2025. dss+ safety audit recommendations implementation phase is underway Delivering higher margins than in prior cycles: The Group's results are showing resilience; the benefits of asset optimization and a diversified asset portfolio are supporting higher and more stable margins than in prior cycles. Despite the impact of unsu ...

Core Insights - ArcelorMittal reported revenue of $14.8 billion for Q1 2025, a decrease of 9.1% year-over-year, but exceeded the Zacks Consensus Estimate by 1.08% [1] - The company's EPS was $1.04, down from $1.16 in the same quarter last year, but significantly surpassed the consensus estimate of $0.71 by 46.48% [1] Financial Performance Metrics - Steel shipments in North America were 2,643 Kmt, exceeding the average estimate of 2,560.44 Kmt [4] - Steel shipments in Brazil totaled 3,158 Kmt, slightly below the average estimate of 3,334.44 Kmt [4] - Steel shipments in Europe reached 7,528 Kmt, surpassing the average estimate of 7,355.4 Kmt [4] - Iron ore shipments were 8 Mmt, exceeding the average estimate of 7.75 Mmt [4] - Crude steel production in North America was 2,255 Kmt, above the average estimate of 2,200.9 Kmt [4] - Crude steel production in Brazil was 3,579 Kmt, below the average estimate of 3,661.61 Kmt [4] - Crude steel production in Europe was 7,987 Kmt, exceeding the average estimate of 7,836.73 Kmt [4] Revenue Breakdown - North America revenue was $2.88 billion, exceeding the average estimate of $2.71 billion, with a year-over-year decline of 14% [4] - Brazil revenue was $2.65 billion, below the average estimate of $2.78 billion, representing a year-over-year decrease of 13.2% [4] - Mining revenue was $735 million, slightly below the average estimate of $774.02 million, but showed a year-over-year increase of 0.8% [4] - Sustainable Solutions segment revenue was $2.58 billion, exceeding the average estimate of $2.22 billion [4] - Europe revenue was $7.22 billion, above the average estimate of $7.10 billion, with a year-over-year decline of 8% [4] Stock Performance - ArcelorMittal shares returned +4.1% over the past month, while the Zacks S&P 500 composite decreased by -0.2% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market [3]

Core Viewpoint - ArcelorMittal SA warns that the ongoing global trade tensions, particularly due to aggressive U.S. tariffs and European support for local steel companies, may significantly impact steel demand and the overall supply chain costs and profits in the steel industry [1][2]. Group 1: Company Performance - ArcelorMittal reported that the global trade turmoil could lead to lower steel demand than previously anticipated, which was initially projected to grow by 2.5% to 3.5% outside of China [1][2]. - The company's first-quarter EBITDA reached $1.58 billion, slightly exceeding analysts' expectations of approximately $1.56 billion, driven by strong performance in iron ore mining [3]. Group 2: Market Conditions - The U.S. government expanded a 25% steel import tariff to all countries, including major suppliers Canada and Mexico, while Europe has also intensified trade protection measures to counteract cheap steel imports from Asia [2]. - The CEO of ArcelorMittal expressed caution regarding the short-term outlook, indicating that unresolved global trade uncertainties could harm business confidence and disrupt the global economy [2]. Group 3: Industry Outlook - The long-term effects of the escalating trade war on the steel industry remain unclear, but short-term indications suggest a potential cooling of global steel demand [2]. - The U.S. effective tariff rate is currently close to 23%, the highest in over a century, which has significantly impacted consumer and business confidence in the U.S. [4].

Core Insights - ArcelorMittal reported a net income of $805 million for Q1 2025, a significant recovery from a net loss of $390 million in Q4 2024, driven by higher operating income and foreign exchange gains [22][20][21] - The company achieved an EBITDA of $1.58 billion in Q1 2025, reflecting a decline of 4.5% from $1.65 billion in Q4 2024, primarily due to seasonal factors and negative price-cost effects in Europe [21][11] - The company’s sales remained stable at $14.8 billion in Q1 2025 compared to $14.7 billion in Q4 2024, with operating income increasing by 55.9% to $825 million [20][52] Financial Performance - The company generated $4.6 billion in net cash from operating activities over the past 12 months, with $2.7 billion allocated to maintenance and normative capex, resulting in an investable cash flow of $1.9 billion [2] - Free cash outflow for Q1 2025 was $1.4 billion, leading to an increase in net debt to $6.7 billion, while liquidity stood at $10.8 billion [2][24] - The company’s EBITDA per tonne was $116 in Q1 2025, which is favorable compared to the low points of previous cycles [2][11] Operational Highlights - Record production and shipments from Liberia's iron ore operations contributed to strong performance in the Mining segment, with total iron ore production of 11.8 million tonnes in Q1 2025 [7][44] - The company’s North American operations returned to normalized levels, with crude steel production of 2.26 million tonnes in Q1 2025 [25][26] - The company is on track with strategic growth projects, expecting an incremental EBITDA potential of $1.8 billion by 2027 [3][11] Strategic Focus - ArcelorMittal's optimized asset portfolio and repositioned balance sheet enhance its ability to navigate macroeconomic uncertainties while pursuing strategic growth [3] - The company is investing in decarbonization initiatives, with a capex envelope of $4.5-$5.0 billion planned for 2025, including $0.3-$0.4 billion for decarbonization projects [19][49] - The company has initiated a new long-term share buyback program, with the first tranche of 10 million shares commencing on April 7, 2025 [10][49] Market Outlook - The macroeconomic outlook remains uncertain, particularly regarding global trade disruptions, but the company has not altered its investment plans or capital return priorities [48][49] - The European Commission's Steel and Metals Action Plan is expected to support the company’s competitiveness against imports, while U.S. tariffs are aiding price stability [12][48] - Demand for low-carbon emission steel is anticipated to grow, supported by enhanced safeguards and anti-dumping measures [4][19]

Company Overview - ArcelorMittal is the world's leading steel and mining company, operating in over 60 countries with a balanced portfolio of cost-competitive steel plants across both developed and developing markets [11] - The company is a leader in key sectors including automotive, household appliances, packaging, and construction [11] Investment Ratings - ArcelorMittal currently holds a Zacks Rank of 3 (Hold) and has a VGM Score of A, indicating a solid overall performance [11] - The company has a Value Style Score of A, supported by attractive valuation metrics such as a forward P/E ratio of 7.17, making it appealing to value investors [12] Earnings Estimates - In the last 60 days, three analysts have revised their earnings estimates upwards for fiscal 2025, with the Zacks Consensus Estimate increasing by $0.08 to $3.80 per share [12] - ArcelorMittal has demonstrated an average earnings surprise of 4.1%, indicating a positive trend in earnings performance [12]

17 April 2025, 19:00 CET ArcelorMittal today announces the publication of its first quarter 2025 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 of appr ...