Home > Updates > TX: Steel Solid

TX: Steel Solid

Ternium reported excellent numbers for Q1. The revenue is growing, EBDTA per ton is strong, and company has a positive net cash balance. Some highlights:

– Positive free cash flow of 250M in Q1

– Ternium expects an increase in operating income in the second quarter 2010 compared to the first quarter 2010

– Net cash position of 400M at end of Q1

– EBIDTA of 384M, EBIDTA per ton of $190/ton

I expect the company to perform strong in 2010 and 2011. It is well positioned in one of the growing parts of the world. With the strong balance sheet, I would not be surprised if the company takes on debt for expansion.

Advertisements
Categories: Updates
  1. No comments yet.
  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: