Core Viewpoint - National Steel (SID) reported a narrower loss per share in Q4 2024 compared to estimates, but overall financial performance showed significant challenges, including a net loss for the year and declining revenues in key segments [1][7]. Financial Performance - Q4 2024 loss per share was 8 cents, better than the Zacks Consensus Estimate of 9 cents, and down from earnings of 13 cents in the prior-year quarter [1]. - Net revenues for Q4 2024 were R$12 billion ($2.06 billion), a slight increase of 0.2% year over year, while the company incurred a net loss of R$85 million ($14.95 million) [2]. - For the full year 2024, National Steel reported revenues of R$43.68 billion ($7.69 billion), down 3.9% year over year, but exceeded the Zacks Consensus Estimate of $7.44 billion [7]. Segment Performance - Steel segment revenues increased by 13% year over year to R$6.16 billion ($1.08 billion), with steel sales rising to 1,175 thousand tons, up 10.4% from the previous year [3]. - The mining segment saw a significant revenue decline of 21.8% year over year, generating R$3.93 billion ($0.69 billion) [4]. - The energy segment experienced a robust growth of 30.4% year over year, with revenues totaling R$163 million ($28.6 million) [4]. Margins and Costs - Cost of sales decreased by 1.1% year over year to R$8.24 billion ($1.45 billion), while gross profit increased by 3.1% to R$3.78 billion ($0.67 billion), resulting in a gross margin of 31.5% compared to 30.6% in the prior year [5]. - Adjusted EBITDA improved by 16.1% year over year to R$3.33 billion ($0.58 billion), with an EBITDA margin of 26.8%, down from 29.1% in the previous year [6]. Cash Position - At the end of 2024, the company had cash and cash equivalents of R$23.31 billion ($4.10 billion), an increase from R$16.04 billion at the end of 2023 [8]. Stock Performance - National Steel's shares have declined by 36.4% over the past year, compared to a 16.4% decline in the industry [9].

Core Insights - GrowGeneration Corp. (GRWG) reported a wider adjusted loss per share of 27 cents in Q4 2024, compared to the Zacks Consensus Estimate of a loss of 18 cents and a loss of 18 cents in Q4 2023 [1][2] Financial Performance - The company recorded a non-cash impairment of goodwill and intangible assets amounting to $6.7 million in the quarter, leading to a total loss per share of 39 cents [2] - Revenues for the quarter were $37 million, a decline of 24.3% year over year, attributed to 19 fewer retail locations in 2024, and missed the Zacks Consensus Estimate of $38.3 million [3] - Comparable store sales increased by 1% year over year [3] - Cost of sales decreased by 17% year over year to $31 million, while gross profit fell by 47.4% to $6.1 million, resulting in a gross margin of 16.3%, down from 23.5% in the prior year [4] - Selling, general and administrative costs decreased by 12.8% year over year to $7 million, with adjusted EBITDA showing a loss of $8.1 million compared to a loss of $3.7 million in the prior year [5] Cash Position - At the end of 2024, GRWG had cash, cash equivalents, and marketable securities totaling $56.5 million, with inventory at $40 million and prepaid and other current assets at $8 million [6] - Total current liabilities were $24 million at the end of 2024 [6] Annual Results - For the full year 2024, GrowGeneration reported a loss per share of 82 cents, compared to a loss of 76 cents in 2023 [7] - Total revenues for 2024 were $189 million, a decline of 16.4% year over year, missing the Zacks Consensus Estimate of $190 million [7] Future Guidance - The company anticipates revenues between $170 million and $180 million for 2025 [8] Stock Performance - Over the past year, GrowGeneration shares have decreased by 47.4%, in contrast to an 8.6% decline in the industry [9]