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Companhia Siderúrgica Nacional (SID)
NYSE:SID
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Earnings Data
Report Date
Mar 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.06Last Year’s EPS
0.12Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2018
|% Change Since: -26.34%
|Next Earnings Date:Aug 07, 2018
Earnings Call Sentiment|Positive
The earnings call presented a largely positive outlook, with strong operational performance across segments, significant cost reductions, and strategic financial management. However, the impact of weak international prices and import challenges posed notable concerns.Company Guidance
During the CSNA3.SA earnings call for the third quarter of 2024, the executives highlighted several key metrics indicating the company's performance and strategic direction. The company achieved a substantial cash boost, adding BRL 3.7 billion, despite being challenged by weaker international prices, leading to a slight drop in EBITDA. The mining segment recorded its highest production with costs reduced to $19 per ton, while the steel segment saw a domestic sales growth of 9% and a 20% increase in EBITDA. Cement sales reached 3,600 tons, with EBITDA rising by 37% compared to last year, and the logistics sector delivered a 4% EBITDA increase. The company successfully closed the sale of a CMIN stake, adding more than BRL 4.4 billion to its balance, and announced the issuance of BRL 500 million in new debentures to further strengthen its cash position for the fourth quarter. The adjusted EBITDA for the quarter was BRL 2.3 billion, with a 20% margin, reflecting the company's efforts to mitigate the impact of international pricing pressures.Growth in Production and Sales
CSN reported growth in production and sales across all segments, showcasing operational excellence and cost reduction efforts.
Mining Segment Performance
Mining had a record performance with production costs reduced to $19 per ton, $9 below the previous quarter.
Strong Steel Market Dynamics
Domestic steel sales grew 9% quarter-over-quarter, with a 20% increase in EBITDA.
Cement Segment Achievements
Cement sales volume reached 3,600 tons with a 37% increase in EBITDA year-over-year and a profitability margin 28% above the sector average.
Significant Cash Management
CSN added BRL 3.7 billion to cash reserves, reducing net debt from BRL 37 billion to BRL 34 billion.
CMIN Stake Sale
The sale of a CMIN stake brought in more than BRL 4.4 billion, aiding in leverage reduction.
ESG Initiatives and Achievements
Significant progress in ESG goals, including a 10% reduction in CO2 emissions in the steel segment and a full year without worker fatalities.
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SID Earnings History
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
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SID Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | $1.86 | $1.75 | -5.91% |
| Aug 12, 2024 | $2.04 | $2.15 | +5.39% |
| May 09, 2024 | $2.50 | $2.46 | -1.60% |
| Mar 06, 2024 | $3.04 | $2.89 | -4.93% |
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.
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FAQ
When does Companhia Siderúrgica Nacional (SID) report earnings?
Companhia Siderúrgica Nacional (SID) is schdueled to report earning on Mar 05, 2025, TBA Not Confirmed.
What is Companhia Siderúrgica Nacional (SID) earnings time?
Companhia Siderúrgica Nacional (SID) earnings time is at Mar 05, 2025, TBA Not 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 SID EPS forecast?
SID EPS forecast for the fiscal quarter 2024 (Q4) is -0.06.
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