The earnings call highlighted the company's strong operational performance, high margins, and strategic growth projects, indicating resilience in a challenging market environment. However, uncertainties related to tariffs, high energy costs in Europe, and challenges in the Brazilian and Chinese markets were noted. Overall, positive developments in Europe and strategic progress balance the challenges faced.

Company Guidance

During the first quarter of 2025, ArcelorMittal reported a strong operational and financial performance, with a notable highlight being its Mining segment, especially in Liberia, which achieved record production and shipments. The company's EBITDA per ton was $116, indicating a robust performance even in a low cycle price environment. Excluding seasonal working capital investments and discretionary growth CapEx, the underlying free cash flow for the quarter was approximately $700 million. ArcelorMittal projects Q2 2025 EBITDA to be significantly higher than Q1, driven by improved EU spreads, a seasonal recovery in Brazil, and enhanced operations in Ukraine. Furthermore, ArcelorMittal has initiated a long-term share buyback program through 2030, demonstrating its commitment to returning capital to shareholders while continuing to invest in growth, expecting a structurally higher EBITDA of $1.2 billion over the upcoming years.

Strong Operational Performance and Cash Flows

The company reported strong operational performance with consistent operations, particularly highlighting the Mining segment in Liberia achieving records for both production and shipments. The company generated around $700 million in underlying free cash flow despite a low cycle price environment.

Resilient Financial Performance

EBITDA per ton reached $116, double compared to previous cyclical lows, demonstrating high margins and earnings resilience. The company is generating cash flows even at the bottom of the cycle, supporting strategic investments and capital returns to shareholders.

Strategic Growth Projects

Significant progress in strategic projects, including the Liberia expansion project on track and on budget, and the commissioning of the new state-of-the-art EAF at Calvert underway. The company expects to capture an additional $1.2 billion in EBITDA over the next few years.

Positive Changes in Europe

Encouraging developments in European trade actions, with EU spreads recovering from low levels, supporting future results. New safeguards and antidumping measures have been positively impacting market sentiment.

ArcelorMittal (MT) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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MT Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 06, 2025	2025 (Q3)	0.69 / -	0.37	―	―	―
Jul 31, 2025	2025 (Q2)	1.15 / 2.34	0.63	271.43% (+1.71)
Apr 30, 2025	2025 (Q1)	0.64 / 1.04	1.16	-10.34% (-0.12)
Feb 06, 2025	2024 (Q4)	0.49 / -0.51	-3.57	85.71% (+3.06)
Nov 07, 2024	2024 (Q3)	0.53 / 0.37	1.1	-66.36% (-0.73)
Aug 01, 2024	2024 (Q2)	0.77 / 0.63	2.2	-71.36% (-1.57)
May 02, 2024	2024 (Q1)	0.91 / 1.16	1.27	-8.66% (-0.11)
Feb 08, 2024	2023 (Q4)	-2.25 / -3.57	0.3	-1290.00% (-3.87)
Nov 09, 2023	2023 (Q3)	1.00 / 1.10	1.11	-0.90% (-0.01)
Jul 27, 2023	2023 (Q2)	1.82 / 2.20	4.24	-48.11% (-2.04)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

MT Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 31, 2025	$32.46	$31.63	-2.56%
Apr 30, 2025	$29.96	$29.47	-1.64%
Feb 06, 2025	$25.29	$28.12	+11.19%
Nov 07, 2024	$25.02	$26.09	+4.28%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does ArcelorMittal (MT) report earnings?

ArcelorMittal (MT) is schdueled to report earning on Nov 06, 2025, Before Open (Confirmed).

What is ArcelorMittal (MT) earnings time?

ArcelorMittal (MT) earnings time is at Nov 06, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is MT EPS forecast?

MT EPS forecast for the fiscal quarter 2025 (Q3) is 0.7.

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