Algoma Steel Provides Fiscal Second Quarter 2025 Guidance [Yahoo! Finance]
Algoma Steel Group Inc. (ASTL)
Company Research
Source: Yahoo! Finance
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 fundamentals improve and demand rebounds. Importantly, we remain on track with our Electric Arc Furnace project with commissioning activities expected to begin by calendar year-end. This milestone will mark the beginning of Algoma Steel's transformation into one of the most environmentally sustainable steel producers in North America.” About Algoma Steel Inc. Based in Sa
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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 GuidanceGlobeNewswire
- 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