Data by Company within Iron & Steel Industry
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Marketcap |
Revenues (TTM) |
Net Income (TTM) |
Employees |
| Company |
(Millions) |
(Millions) |
(Millions) |
Number |
| Ternium S a |
$ 74,342 |
$ 16,091 |
$ 4,367 |
- |
| Nucor Corporation |
$ 39,174 |
$ 38,752 |
$ 6,872 |
28,800 |
| Tenaris Sa |
$ 36,136 |
$ 6,521 |
$ 1,053 |
- |
| Arcelormittal |
$ 22,000 |
$ 79,844 |
$ 9,538 |
- |
| Steel Dynamics Inc |
$ 17,948 |
$ 20,453 |
$ 3,018 |
10,640 |
| Grupo Simec S a b De C v |
$ 15,953 |
$ 2,654 |
$ 385 |
- |
| Reliance Steel and Aluminum Co |
$ 15,145 |
$ 15,704 |
$ 1,516 |
14,500 |
| United States Steel Corp |
$ 9,524 |
$ 21,845 |
$ 4,965 |
34,680 |
| Posco Holdings Inc |
$ 7,902 |
$ 79,053 |
$ 3,335 |
- |
| Gerdau S a |
$ 7,892 |
$ 14,886 |
$ 2,956 |
- |
| Ati Inc |
$ 5,853 |
$ 4,127 |
$ 297 |
9,700 |
| Commercial Metals Company |
$ 5,810 |
$ 8,913 |
$ 1,217 |
8,388 |
| Carpenter Technology Corporation |
$ 3,234 |
$ 2,550 |
$ 56 |
4,500 |
| Worthington Industries Inc |
$ 3,028 |
$ 4,916 |
$ 269 |
10,500 |
| National Steel Co |
$ 3,026 |
$ 8,429 |
$ 412 |
- |
| Gibraltar Industries Inc |
$ 1,987 |
$ 1,363 |
$ 89 |
2,311 |
| Ryerson Holding Corporation |
$ 1,025 |
$ 5,581 |
$ 116 |
3,000 |
| Timkensteel Corporation |
$ 983 |
$ 1,297 |
$ -3 |
2,600 |
| Mechel Pao |
$ 911 |
$ 6,485 |
$ 1,333 |
- |
| Suncoke Energy Inc |
$ 834 |
$ 2,129 |
$ 133 |
907 |
| Titan International Inc |
$ 815 |
$ 2,070 |
$ 151 |
600 |
| Algoma Steel Group Inc. |
$ 727 |
$ 2,915 |
$ 657 |
- |
| Insteel Industries Inc |
$ 628 |
$ 659 |
$ 38 |
848 |
| Olympic Steel Inc |
$ 608 |
$ 2,297 |
$ 41 |
1,660 |
| Haynes International inc |
$ 577 |
$ 572 |
$ 45 |
1,123 |
| Northwest Pipe Co |
$ 295 |
$ 444 |
$ 28 |
- |
| Legato Merger Corp |
$ 262 |
- |
$ 0 |
- |
| L b Foster Company |
$ 206 |
$ 530 |
$ -45 |
1,241 |
| Universal Stainless and Alloy Products Inc |
$ 110 |
$ 237 |
$ -5 |
645 |
| Friedman Industries Inc |
$ 93 |
$ 523 |
$ 18 |
- |
| Ascent Industries Co |
$ 87 |
$ 324 |
$ -19 |
- |
| Huadi International Group Co Ltd |
$ 37 |
$ 3 |
$ 3 |
- |
| Greenwave Technology Solutions Inc |
$ 7 |
$ 32 |
$ -51 |
- |
| Myson Inc |
- |
- |
$ -2 |
- |
| Iron & Steel Industry |
$ 277,159 |
$ 352,199 |
$ 42,786 |
136,643 |
Recent News from Iron & Steel Industry |
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Dividend
Worthington Industries Completes Board of Directors Transition and Declares Quarterly Dividend
COLUMBUS, Ohio, Sept. 27, 2023 - Worthington Industries, Inc. (NYSE: WOR), a leading diversified industrial manufacturing company, has announced significant changes to its Board of Directors in a press release issued earlier today. The transition marks a significant milestone in the company's planned succession strategy, ensuring the continued success and growth of the organization.
John Blystone, the company's long-time Lead Independent Director, has been named the new Executive Chairman. Blystone's appointment completes the planned succession with John P. McConnell, the current Executive Chairman, who will now retire. This transition comes as a result of meticulous planning and strategic decision-making by the Board of Directors.
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Dividend
LONGVIEW, Texas, Sept. 13, 2023 - Friedman Industries, Incorporated (NYSE: FRD), a leading Texas-based company engaged in pipe manufacturing, steel processing, and distribution, has declared a cash dividend of $0.02 per share on its Common Stock. The announcement, made by the company's Board of Directors, marks the 207th consecutive quarterly cash dividend in Friedman Industries' illustrious history since its initial public offering in 1972.
The dividend will be paid out on November 10, 2023, to all shareholders of record at the close of business on October 20, 2023. This decision reflects the company's commitment to delivering consistent returns to its loyal shareholders, underscoring its financial stability and sustainable business growth.
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United States Steel Corp
United States Steel Corp (NYSE: X) experienced a challenging second quarter of 2023 earnings season, with net profit per share plummeting by a concerning -44.74% to $1.89, compared to $3.42 in the same period last year. However, it is important to note that the earnings per share grew significantly from the previous financial reporting period, more than doubling by an impressive 142.31% to $0.78 per share.
The company witnessed a decline in revenue, which crumbled by -20.382% to $5.01 billion, down from $6.29 billion in the comparable financial reporting period a year ago. However, sequentially the revenue showed some signs of recovery, advancing by 12.036% from $4.47 billion. While the bottom-line of $477 million for the second quarter of 2023 earnings season fell by -51.23% compared to $978 million in the corresponding period a year before, it is important to analyze the company's profitability indicators and future prospects.
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Greenwave Technology Solutions Inc
Greenwave Technology Solutions Inc recently released its financial results for the year ending June 30, 2023. The company has managed to significantly reduce its losses while experiencing a decrease in revenue. Analyzing these findings and their potential impact on the company's future is essential for understanding its future prospects.
Improved Losses and Decreased Revenue:
In the financial period closing June 30, 2023, Greenwave Technology Solutions Inc managed to reduce its losses per share from $-4.23 to $-0.20. While this is a substantial improvement, revenue decreased by 13.129% to $9.30 million compared to $10.70 million in the previous year. These contrasting figures suggest that the company's cost-cutting initiatives might have been successful, but it needs to address the decline in revenue.
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Friedman Industries Inc
Based on the information provided, it seems that Friedman Industries Inc has experienced a significant decline in both top-line and bottom-line figures in its Jun 30 2023 report. The net profit per share has dropped by a staggering -32.9% compared to the previous year, while the revenue has fallen by -15.145% year on year.
In terms of specific numbers, the revenue for this period was reported at $137.30 million, a notable decrease from $161.80 million in the previous year. Similarly, the earnings per share (eps) dropped from $1.55 to $1.04, marking a -32.9% decline.
While it is worth noting that profitability did grow by 30.95% compared to the preceding fiscal period, with earnings per share rising from $0.79 to $1.04, the overall figures are still lower than the previous year's levels. Furthermore, the revenue for this period advanced by just 10.558% compared to $124.19 million in the previous year, indicating a significant slowdown.
Moving on to the first quarter of the 2024 earnings season, the bottom-line figures took another hit, with net profit falling by -31.24% to $7.690 million. This is a significant decline from the $11.184 million reported in the corresponding period the year before.
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Carpenter Technology Corporation
Carpenter Technology Corporation, an Iron and Steel company, has shown impressive growth in the fourth quarter of 2023 compared to the same period the previous year. In terms of income per share, there was a staggering increase of 1316.26% to reach $0.76, while revenue soared by 313.695% to $2.33 billion. These figures represent a significant improvement from the preceding reporting period, where earnings per share increased by 100.63% to $0.38 per share, and revenue doubled by 2394.118% to $93.50 million.
The company's net earnings in the financial timeframe closing on June 30, 2023, amounted to $38.500 million, reflecting a substantial increase of 1380.77% compared to the net earnings of $2.600 million reported in the same period a year ago. While the operating margin fell to 2.7% in the June 30, 2023 timeframe, Carpenter Technology Corporation managed to improve its net margin to 1.65%.
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Nucor Corporation
As an avid investor and follower of the financial markets, I have been closely monitoring Nucor Corporation's recent financial results. For the second quarter of 2022, the company reported a mixed bag of numbers, with some concerning figures alongside promising indicators.
Starting with the income statement, it is evident that Nucor Corporation faced challenges during this period. The company's income fell by 24.25% to $5.81 per share compared to $7.67 a year prior. However, it is important to note that profits grew by an impressive 30.56% from $4.45 per share in the previous reporting period.
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Ascent Industries Co
Ascent Industries Co, a once-promising player in the industry, seems to be facing significant challenges in the market. Based on its financial performance for the April to June 2023 timeframe, the company has experienced a worrisome decline in various key metrics. This article will delve into the company's financial results, highlighting its growing deficit, dwindling revenue, declining inventories, and weakening demand indicators. Additionally, we will discuss the recent decline in ACNT shares, posing concerns for potential investors.
Deteriorating Financials:
During the April to June 2023 period, Ascent Industries Co recorded a deficit per stock of $-1.44, reflecting a substantial decline compared to $1.06 per share in the previous year. Moreover, this deficit has widened from $-0.51 per share reported in the prior reporting period. This decline indicates a concerning trend of increasing losses for the company.
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L B Foster Company
Financial news report:
L B Foster Company, an Iron and Steel company, has surprised many with its strong financial performance in the fiscal time-frame ending June 30, 2023. The company reported a significant increase in income per share, which rallied by 77.78% to reach $0.32 per share. Additionally, its revenue showed an impressive increment of 11.966% to reach $147.25 million, compared to the same period in the prior year.
This positive performance is in stark contrast to the overall trend observed in the Iron and Steel industry, where companies have experienced a decline of around -14.18% in their top-line revenue. L B Foster Company's ability to achieve revenue growth amid challenging industry conditions is noteworthy.
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Steel Dynamics Inc
The Iron and Steel industry plays a vital role in the global economy, influencing various sectors ranging from construction to manufacturing. Investors are always keenly observing the financial performance of key players in this sector. In the second quarter of 2023, Steel Dynamics Inc announced their financial results, which saw a decline in both the top and bottom line. Let's delve into the interesting facts of their earnings report and analyze the implications for the stock market.
Revenue and Net Profit:
In Q2 2023, Iron and Steel company experienced a significant decline in revenue, dropping by 18.208% year on year to $5.08 billion. This decline accounted for a decrease of $1.13 billion compared to the corresponding three months in the previous year. Additionally, the net profit per share plummeted by 25.31% to $4.81, representing a drop of $1.63 per share.
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