ALGOMA STEEL GROUP INC logo

ASTL

ALGOMA STEEL GROUP INC

$6.55

Earnings Summary

Revenue
$934.1Mn
Net Profits
$301.4Mn
Net Profit Margins
32.27%
PE Ratio
1.4

Highlights

Revenue:

ALGOMA STEEL GROUP INC’s revenue jumped 18.38% since last year same period to $934.1Mn in the Q2 2022. On a quarterly growth basis, ALGOMA STEEL GROUP INC has generated -0.82% fall in its revenue since last 3-months.

Net Profits:

ALGOMA STEEL GROUP INC’s net profit jumped 48.04% since last year same period to $301.4Mn in the Q2 2022. On a quarterly growth basis, ALGOMA STEEL GROUP INC has generated 24.08% jump in its net profits since last 3-months.

Net Profit Margins:

ALGOMA STEEL GROUP INC’s net profit margin jumped 25.06% since last year same period to 32.27% in the Q2 2022. On a quarterly growth basis, ALGOMA STEEL GROUP INC has generated 25.11% jump in its net profit margins since last 3-months.

PE Ratio:

ALGOMA STEEL GROUP INC’s price-to-earnings ratio after this Q2 2022 earnings stands at 1.4.

Earnings per share (EPS) Estimates

Earnings per share (EPS) estimates of the ALGOMA STEEL GROUP INC post its latest quarter earnings

EPS Estimate Current Quarter
0.46
EPS Estimate Current Year
0.46

Highlights

EPS Estimate Current Quarter:

ALGOMA STEEL GROUP INC’s earning per share (EPS) estimates for the current quarter stand at 0.46 - a -68.71% fall from last quarter’s estimates.

EPS Estimate Current Year:

ALGOMA STEEL GROUP INC’s earning per share (EPS) estimates for the current year stand at 0.46.

Key Ratios

Key ratios of the ALGOMA STEEL GROUP INC post its Q3 2022 earnings

Earning Per Share (EPS)
0.36
Dividend Per Share (DPS)
0.05

Highlights

Earning Per Share (EPS):

ALGOMA STEEL GROUP INC’s earning per share (EPS) fell -85.99% since last year same period to 0.36 in the Q3 2022. This indicates that the ALGOMA STEEL GROUP INC has generated -85.99% annual rate of fall in its earning per share (EPS) in the last 4 quarters.

Dividend Per Share (DPS):

ALGOMA STEEL GROUP INC declared 0.05 dividend per share during the earnings announcement for Q3 2022.

Earnings Calendar

Earnings DateEstimated EPSReported EPSSurprise %
2021-12-31
1.79
0.92
-48.6%

Company Information

Based in Sault Ste. Marie, Ontario, Canada, Algoma is a fully integrated producer of hot and cold rolled steel products including sheet and plate. With a current raw steel production capacity of an estimated 2.8 million tons per year, Algoma’s size and diverse capabilities enable it to deliver responsive, customer-driven product solutions straight from the ladle to direct applications in the automotive, construction, energy, defense, and manufacturing sectors. Algoma is a key supplier of steel products to customers in Canada and Midwest USA and is the only producer of plate steel products in Canada. Algoma’s mill is one of the lowest cost producers of hot rolled sheet steel (HRC) in North America owing in part to its state-of-the-art Direct Strip Production Complex ("DSPC"), which is the newest thin slab caster in North America with direct coupling to a basic oxygen furnace (BOF) melt shop. Algoma has achieved several meaningful improvements over the last several years that are expected to result in enhanced long-term profitability for the business. Algoma has upgraded its DSPC facility and recently installed its No. 2 Ladle Metallurgy Furnace. Additionally, Algoma has cost cutting initiatives underway and is in the process of modernizing its plate mill facilities. Today Algoma is returning to its roots as a customer-focused, entrepreneurial company with the courage and growing capability to meet the industry’s challenges head-on. It is investing in its people and processes, optimizing and modernizing so that it will continue to be your partner in steel.

Organisation
ALGOMA STEEL GROUP INC
Headquarters
105 West Street, Sault Ste. Marie, ON, Canada, P6A 7B4
Employees
0
Industry
Basic Materials

Trading and brokerage services provided by

Banking and Remittance services provided by

Technology services provided by : Finzoomers Services Private Limited

Disclaimer: These services are not for exchange traded products.The securities quoted are exemplary and not recommendatory. Please be informed that US Stocks are not exchange traded funds in India and Finzoomers Services Private Limited acts in the capacity of facilitator of this product. All disputes with respect to the transaction facilitation services, would not have access to Indian Exchange investor redressal forum or Arbitration mechanism in India. T&C apply*