Ternium SA ( (TX) ) has shared an update.
Ternium S.A. released its consolidated financial statements for the year ended December 31, 2024. The company’s net sales for 2024 increased slightly to $17.65 billion from $17.61 billion in 2023. However, the gross profit decreased to $2.89 billion from $3.56 billion in 2023, largely due to increased costs of sales and administrative expenses. Additionally, Ternium reported a significant provision for ongoing litigation related to its acquisition of a stake in Usiminas, impacting its operating income.
More about Ternium SA
Ternium S.A. operates in the steel industry, producing a broad range of steel products primarily for the construction, automotive, and manufacturing sectors. The company is headquartered in Luxembourg and serves various markets across the globe.
YTD Price Performance: 3.52%
Average Trading Volume: 216,438
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $5.95B
See more data about TX stock on TipRanks’ Stock Analysis page.