Ternium SA
NYSE:TX

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Ternium SA Logo
Ternium SA
NYSE:TX
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Price: 37.09 USD -0.51%
Market Cap: 7.3B USD

Ternium SA
Investor Relations

Nestled within the realm of the steel industry, Ternium S.A. stands as a prominent player, intricately weaving together operations that stretch from ore extraction to the delivery of finished steel products. Founded in 1969 as part of the Techint Group, the company has since grown into a towering presence across Latin America. Ternium prides itself on a vertically integrated business model, starting with the mining of iron ore which serves as a vital ingredient in the steel production process. This integration ensures a steady supply chain and cost efficiency, setting the foundation for the company’s robust financial performance. With steel manufacturing plants scattered across Mexico, Argentina, and Brazil, Ternium specializes in producing a diverse array of value-added steel products. These range from hot-rolled, cold-rolled, and galvanized steel sheets intended for industries such as construction, automotive, manufacturing, and home appliances.

Ternium's operations extend beyond mere production as they skillfully navigate the complex web of distribution to maximize profitability. The company has built a solid reputation on its innovative capabilities, focusing on developing advanced steel grades and solutions tailored to meet the evolving needs of its customer base. Through strategic investments in technology and capacity expansion, Ternium enhances its competitive edge, ensuring its ability to fulfill large-scale demands efficiently. A critical facet of its strategy involves collaborations and long-standing relationships with clients, enabling the company to better forecast demand trends and fine-tune its production accordingly. Ternium's approach to business reflects a careful blend of operational excellence, strategic foresight, and a commitment to sustainability, creating a resilient framework for continued growth in the ever-dynamic steel sector.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Oct 29, 2025
AI Summary
Q3 2025

EBITDA Growth: Ternium improved EBITDA in Q3 2025, primarily by reducing cost per ton through ongoing competitiveness initiatives.

Net Loss Driven by Non-Cash Items: Reported a net loss of $270 million, mainly due to a $405 million non-cash write-down of deferred tax assets at Usiminas and a $32 million litigation provision.

Dividend Maintained: The Board declared an interim dividend of $0.90 per ADS, unchanged from last year, bringing total 2025 distributions to $2.70 per ADS (7% yield).

CapEx Peak Passed: Q3 CapEx was $711 million, lower than Q2, and full-year CapEx is expected between $2.5–2.6 billion, with a planned reduction in 2026.

Trade & Tariff Environment: Management highlighted ongoing uncertainty from U.S. tariffs and trade negotiations impacting demand, especially in Mexico, but supported regional protectionist measures like tariff hikes.

Strong Cash Generation: Operating cash flow remained robust, helped by reduced working capital and lower inventory costs.

2026 Outlook: Management expects demand recovery in Mexico and is targeting EBITDA margins above 10%, though ongoing trade and market uncertainties remain a factor.

Key Financials
Net Income
-$270 million
Write-down of Deferred Tax Assets (Usiminas)
-$405 million
Litigation Provision (Usiminas acquisition)
-$32 million
Net Income (excluding non-recurring items)
$167 million
Earnings per ADS (excluding non-recurring items)
$0.73
Interim Dividend per ADS
$0.90
Total Dividend per ADS (2025)
$2.70
Dividend Yield (2025)
7%
Operating Cash Flow (Q3 2025)
Over $0.5 billion
Capital Expenditures (Q3 2025)
$711 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. Maximo Vedoya
Chief Executive Officer
No Bio Available
Mr. Pablo Daniel Brizzio
Chief Financial Officer
No Bio Available
Sebastián Martí
Investor Relations Director
No Bio Available
Mr. Fernando Duelo
General Counsel
No Bio Available
Mr. Rodrigo Pina
Chief Human Resources Officer
No Bio Available
Mr. Oscar Montero Martinez
Chief Planning Officer
No Bio Available
Mr. Pablo Hernán Bassi
Chief Engineering & Automation Officer
No Bio Available
Ms. Marina Valeria Chiesa
Chief Environment, Health & Safety Officer
No Bio Available
Mr. Carlos Alberto Baieli
Chief Industrial Operations Officer
No Bio Available
Mr. Martin A. Berardi
Ternium Argentina President
No Bio Available

Contacts

Address
Luxembourg
26 Boulevard Royal, 4th Floor
Contacts
+35226683152.0
www.ternium.com