Bluescope Steel Limited ( (BLSFF) ) has released its Q2 earnings. Here is a breakdown of the information Bluescope Steel Limited presented to its investors.
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BlueScope Steel Limited is a global leader in metal coating and painting for the building and construction industry, with operations across 15 countries, primarily focused on the Asia-Pacific region. The company has a robust presence in Australia, North America, Asia, and the Pacific Islands, offering a diverse range of steel products under well-known brands.
In its latest earnings report for the first half of FY2025, BlueScope Steel Limited reported a decrease in sales revenue by 7% to $7,913.6 million compared to the same period last year. The company also experienced a significant drop in its underlying EBIT by 57% to $308.8 million, reflecting challenges in market conditions and lower pricing. Despite these hurdles, BlueScope continued its strategic initiatives focusing on customer experience, sustainable steelmaking, and workplace safety.
Key financial highlights from the report include a 59% decline in reported NPAT to $179.1 million and a reduction in net cash to $87.5 million. BlueScope’s focus remains on disciplined capital allocation, with $236 million invested for growth and $162 million returned to shareholders. The company plans to extend its buy-back program, allowing up to $240 million to be bought over the next 12 months.
Looking ahead, BlueScope management anticipates an improvement in the second half of FY2025, with expected EBIT in the range of $360 million to $430 million. This outlook is supported by an improved spread outlook in the US and stronger domestic volumes in Australia, alongside ongoing productivity programs. BlueScope remains committed to its strategic growth initiatives, particularly in sustainability and innovation, to drive future profitability and shareholder value.
