Stelco (TSE:STLC) has released an update.
Stelco Holdings Inc. has reported a robust first quarter in 2024 with a 9% increase in revenue to $746 million and a significant rise in operating income to $121 million, up 572% from the same quarter last year. The company has also declared a quarterly dividend of $0.50 per share, while its share buyback plan has already seen the purchase of 162,068 common shares. These results establish Stelco as a leading North American steelmaker with the highest margin reported in the industry.
For further insights into TSE:STLC stock, check out TipRanks’ Stock Analysis page.
