TX Company Profile

Ternium S A Defies Industry Expectations with Revenue Gain Amid Sector Contraction

Ternium S A, a leading Iron & Steel company, recently released its financial report for the year ending December 31, 2023. The company announced a net profit per share of $0.34, which marks a significant decline from the previous year's earnings of $900.00 per share. The company's revenue for the year remained stagnant at $0.00 million. Although the revenue showed no growth, Ternium S A saw a rise of 7.284% in its revenue in comparison to the same period in the previous year.
The performance of Ternium S A is surprising to many in the industry, as the Iron & Steel sector as a whole experienced a contraction of -4.91% in business. Ternium S A appears to be defying the industry trend with its revenue gain.
In the third quarter of 2023, Ternium S A reported zero revenue and earnings. These figures were in contrast to the $986.374 million earned in the corresponding period in 2022, representing a decline of -52.87%. The company has shifted its focus towards improving sales, and as a result, its net margin eased to 5.6%. Operating earnings also fell by -18.58% to $2,198.014 million, causing Ternium S A's operating margin to decrease to 12.48% from 16.45% in the fourth quarter of 2022.