ArcelorMittal’s Q1 2016 Earnings Review: Improved Performance Of NAFTA Division Drives Improvement In Results Amidst Challenging Business Conditions
ArcelorMittal reported a net loss of $0.23 per share in Q1 2016, which is an improvement over the results in the corresponding period of last year. The improvement in results was driven by the improved performance of the NAFTA division, with the ramp up of output from the company’s Calvert steel plant (which produces steels used in automotive applications) and cost reduction initiatives boosting the division’s profitability. However, competition from cheap imported steels remains an area of concern for the company, as reflected in the decline in realized prices for the NAFTA and Europe divisions, which negatively impacted the results of these divisions. Further, weak demand for steel in Brazil, which is in the midst of a recession, adversely affected the results of the Brazil division.
Have more questions about ArcelorMittal? See the links below.
- What Is ArcelorMittal’s Revenue And EBITDA Breakdown?
- What Is ArcelorMittal’s Fundamental Value Based On 2015 Results?
- By What Percentage Did ArcelorMittal’s Revenue & EBITDA Change In The Last 4 Years?
- How Has ArcelorMittal’s Revenue Composition Changed Over The Last 4 Years?
- By What Percentage Can ArcelorMittal’s Revenue & EBITDA Grow In The Next 3 Years?
- How Will ArcelorMittal’s Revenue Composition Change by 2020?
- ArcelorMittal: A Look Back At The Year 2015
- With Steel Facing Competition From Aluminum In Automotive Applications, By What Percentage Will ArcelorMittal’s Automotive Steel Shipments Change By 2020?
Notes:
See More at Trefis | View Interactive Institutional Research (Powered by Trefis)