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Grupo Simec S a b De C v   (SIM)
Other Ticker:  
 
    Sector  Basic Materials    Industry Iron & Steel
   Industry Iron & Steel
   Sector  Basic Materials
 
Price: $30.7300 $0.22 0.721%
Day's High: $32 Week Perf: -2.13 %
Day's Low: $ 30.50 30 Day Perf: -3.21 %
Volume (M): 3 52 Wk High: $ 38.22
Volume (M$): $ 89 52 Wk Avg: $32.66
Open: $30.50 52 Wk Low: $28.15



 Market Capitalization (Millions $) 14,210
 Shares Outstanding (Millions) 462
 Employees -
 Revenues (TTM) (Millions $) 2,654
 Net Income (TTM) (Millions $) 385
 Cash Flow (TTM) (Millions $) 741
 Capital Exp. (TTM) (Millions $) 83

Grupo Simec S A B De C V
Grupo Simec S.A.B de C.V is a Mexican company engaged in the manufacturing and distribution of special bar quality (SBQ) steel. The company operates through three business segments: Simec, which produces and sells SBQ steel in Mexico and the United States; Simec Internacional, which manufactures and distributes SBQ steel in Brazil, Canada, and Colombia; and Steel Products, which manufactures and distributes clean and coated steel products. Grupo Simec S.A.B de C.V has a strong presence in the automotive, construction, and industrial sectors, supplying steel products to various customers worldwide. The company is listed on the Mexican Stock Exchange.


   Company Address: Colonia La Nogalera Jalisco 44440
   Company Phone Number: 33 3770-6700   Stock Exchange / Ticker: NYSE SIM
   SIM is expected to report next financial results on April 30, 2024.


   

Stock Performances by Major Competitors

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Titan International Inc

Titan International Inc Faces Financial Struggles, Reports Net Loss in Fourth Quarter of 2023

The recent fiscal period has been challenging for Titan International Inc, as declining demand has led to an increase in shortfall. This is reflected in TWI's shortfall per share advancing to $-0.04 from $0.65 compared to the same period last year. Revenue also took a hit, decreasing by -23.503% to $389.96 million from $509.77 million a year ago.
In contrast, the rest of the Iron and Steel industry saw a top-line improvement in the fourth quarter of 2023. However, Titan International Inc recorded a net shortfall of $-1.282 million for the fourth quarter, a significant drop from the net income of $42.974 million in the same period the year before. The company's operating earnings fell by -49.35% to $20.718 million, with the operating margin shrinking to 5.31% from 8.02% in the fourth quarter of 2022.

Steel Dynamics Inc

Steel Dynamics Inc. Struggles with Revenue Decline in Fourth Quarter of 2023

In the fourth quarter of 2023 financial report, Iron and Steel company reported a decrease in both top and bottom-line figures. Earnings per share dropped by -27.68% to $2.63, compared to $3.63 in the same period a year ago. Revenue also dropped by -12.293% to $4.23 billion from $4.83 billion in the previous year.
Compared to other companies in the Iron and Steel sector, Iron and Steel company's revenue decline was notable, as the sector as a whole recorded a revenue increase during the same period. Net earnings for the October to December 31, 2023 interval fell by -33.17% to $427.040 million from $639.011 million in the corresponding period a year before.

Reliance Inc

Reliance Inc. Bolsters Value-Added Processing Capabilities with Acquisition of American Alloy Steel, Inc.

Reliance Steel and Aluminum Co. has made a significant move to expand its value-added processing capabilities by acquiring American Alloy Steel, Inc. This strategic acquisition highlights Reliance's commitment to enhancing its offerings and providing customers with a broader range of quality steel products. American Alloy Steel, a leading distributor of specialty carbon and alloy steel plate and round bar, brings with it a strong reputation and a successful track record in the industry.
The acquisition of American Alloy Steel is expected to bolster Reliance's value-added processing capabilities, particularly in burning, cutting, rolling, and beveling. This will allow Reliance to better serve its customers and meet their evolving needs in various markets, including military, infrastructure, power generation, utility, refining, petrochemical, mining, shipbuilding, and marine applications.

Arcelormittal

ArcelorMittal Faces Significant Revenue Drop in Fiscal Fourth Quarter of 2023

ArcelorMittal, the world's leading integrated steel and mining company, recently announced its financial results for the three-month and twelve-month periods ending December 31, 2023. Despite challenging market conditions, the company has managed to deliver a robust performance with significant growth in sales and a steady net profit margin.
In the fiscal fourth quarter of 2023, ArcelorMittal's income fell sharply by -89.29% to $1.09 per share compared to $10.18 a year prior, and from $0.00 per share from the prior reporting season. This decrease in income is undoubtedly a cause for concern, but it is essential to consider the wider context. The entire Iron and Steel sector saw a revenue growth in the fourth quarter of 2023, indicating that the industry as a whole faced challenges. Additionally, the company reported a net income of $1,022.000 million, which is a significant decline of -89.28% from $9,538.000 million in the corresponding period a year before.

Olympic Steel Inc

Olympic Steel Inc. Braces for Impact as Revenue Dips by -5.891% in Q4 2023


As a financial journalist for The , it is my responsibility to provide readers with accurate and timely information about the latest market trends and company performances. Today, I will interpret the financial results of ZEUS and Olympic Steel Inc, shedding light on their earnings, revenue, profit margins, and overall industry outlook.
Let's begin by analyzing the financials of ZEUS. Despite a weak revenue period, the company showcased impressive growth in its earnings per share (EPS) during the fiscal time-frame ending on December 31, 2023. ZEUS reported an 87.13% rally in income per share, reaching $0.64 per share. However, the revenue declined by -5.891% to $489.41 million, year on year. Although this downturn appears concerning, it is important to note that the slump in business is not reflective of the remainder of the Iron and Steel industry, which experienced a revenue improvement during the same period.






 

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