Algoma Steel Provides Fiscal Second Quarter 2025 Guidance
Algoma Steel Group Inc. (ASTL)
Company Research
Source: GlobeNewswire
SAULT STE. MARIE, Ontario, Sept. 26, 2024 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today provided guidance for its fiscal second quarter ending September 30, 2024. Unless otherwise specified, all amounts are in Canadian dollars. Fiscal 2025 second quarter total steel shipments are expected to be in the range of 510,000 to 520,000 tons and Adjusted EBITDA is expected to be in the range of $5 million to negative $5 million, which includes the initial recovery of insurance proceeds estimated at approximately $20 million. Michael Garcia, Algoma’s Chief Executive Officer, stated, “Our operations are performing in line with expectations for the fiscal second quarter, despite operating against a backdrop of challenging market conditions for steel demand and pricing. Operationally we are well-positioned to capitalize on opportunities as market fundam
Show less
Read more
Impact Snapshot
Event Time:
ASTL
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
ASTL alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
ASTL alerts
High impacting Algoma Steel Group Inc. news events
Weekly update
A roundup of the hottest topics
ASTL
News
- Algoma Steel sees Q2 adjusted EBITDA -$5M to $5M; total steel shipments of 510K-520K tons Sep. 27, 2024 1:54 AM ET By: Meghavi Singh , SA News Editor [Seeking Alpha]Seeking Alpha
- Algoma Steel Provides Fiscal Second Quarter 2025 Guidance [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Algoma Steel Provides Fiscal Second Quarter 2025 Guidance [Yahoo! Finance]Yahoo! Finance
- Algoma Steel Announces Results of Voting at Annual Meeting of ShareholdersGlobeNewswire
- Algoma Steel Group to Participate in the Jefferies 2024 Industrials Conference [Financial Post (Toronto, Ontario, Canada)]Financial Post
ASTL
Earnings
- 8/13/24 - Beat
ASTL
Sec Filings
- 9/27/24 - Form 6-K
- 9/25/24 - Form 6-K
- 9/16/24 - Form 144
- ASTL's page on the SEC website