Algoma Steel Provides Fiscal Second Quarter 2025 Guidance [Financial Post (Toronto, Ontario, Canada)]
Algoma Steel Group Inc. (ASTL)
Company Research
Source: Financial Post
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 fund
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News
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- Algoma Steel Group Reports Fiscal Second Quarter 2025 Financial ResultsGlobeNewswire
- With 60% ownership of the shares, Algoma Steel Group Inc. (NASDAQ:ASTL) is heavily dominated by institutional owners [Yahoo! Finance]Yahoo! Finance
- Earnings To Watch: Algoma Steel Group Inc (TSX:ASTL) Reports Q2 2025 Result [Yahoo! Finance]Yahoo! Finance
ASTL
Earnings
- 11/6/24 - Miss
ASTL
Sec Filings
- 11/8/24 - Form SC
- 11/7/24 - Form 6-K
- 11/5/24 - Form SC
- ASTL's page on the SEC website