Acerinox SA (ANIOY)
OTHER OTC:ANIOY
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Earnings Data
Report Date
Jul 24, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.16Last Year’s EPS
-0.06Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed cautious optimism: the company reported clear operational improvements (sales +6%, melting +22%), solid adjusted EBITDA (EUR 119m) and positive operating cash flow despite geopolitical uncertainty, supply-chain inflation and higher raw-material prices. Strategic investments in North America and aerospace, stronger order books (Haynes) and continued working-capital discipline underpin an improving outlook. However, Europe remains the main drag — with inventory adjustments (EUR 25m), incomplete pass-through of nickel costs, weak HPA demand in oil & gas and a modest rise in net debt after dividends and heavy CapEx. Management expects further improvement into Q2 and beyond but acknowledges lingering risks.Company Guidance
Revenue and Volume Recovery
Sales improved by around 6% quarter-on-quarter and melting production grew 22% quarter-on-quarter, demonstrating a clear recovery in activity despite macro uncertainty.
Adjusted EBITDA and Margins
Adjusted EBITDA reached EUR 119 million (adjusted margin 9%), representing an 18% increase versus the fourth quarter. Stainless division adjusted EBITDA was EUR 97 million and returned to double-digit margin levels.
Positive Operating Cash Flow and Working Capital Control
Operating cash flow was positive at EUR 34 million in Q1. Working capital build was limited to EUR 47 million despite a 22% increase in volumes, reflecting strict working capital discipline and a multi-year program that released ~EUR 400 million last year.
Strong Order Books and Aerospace Momentum
Haynes (HPA/aerospace) saw its best order book entries ever in April and significant order-book increases in March, with lead times in industrial gas turbines lengthening from ~26 weeks to ~60 weeks — a positive indicator for future revenue and margins.
Strategic Investments and Capacity Expansion
Q1 CapEx was EUR 73 million. North American Stainless expansion program of EUR 249 million is underway to increase cold-rolled capacity by ~20% in North America. Group continues to invest in Haynes (aerospace) and VDM (HPA) to diversify and capture higher-margin markets.
Import Reduction and Market Protections Supporting Recovery
Imports into the U.S. fell ~33% and now represent ~21% of the U.S. market; European imports currently ~14% of the market (close to EU targets). CBAM and upcoming EU measures (quotas/duties rising to 50% from July) are cited as supportive for local pricing and volumes.
Diversification Benefits
Business diversification between regions (North America, Europe, South Africa) and product lines (stainless and high-performance alloys) helped mitigate supply-chain disruptions and contributed to resilience — no supply-chain breaks reported after Iran conflict onset.
Operational Recoveries and Efficiency Savings
Pickling line fire in Europe was repaired (restarted in April) and Beyond Excellence program savings were increased to EUR 120 million for the 2025-26 period, supporting margins and cash generation.
ANIOY 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
ANIOY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 08, 2026 | $8.72 | $8.55 | -1.97% |
Feb 27, 2026 | $7.79 | $7.99 | +2.57% |
Oct 31, 2025 | $6.56 | $6.36 | -3.05% |
Jul 24, 2025 | $6.23 | $5.95 | -4.48% |
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 Acerinox SA (ANIOY) report earnings?
Acerinox SA (ANIOY) is schdueled to report earning on Jul 24, 2026, Before Open (Confirmed).
What is Acerinox SA (ANIOY) earnings time?
Acerinox SA (ANIOY) earnings time is at Jul 24, 2026, 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 ANIOY EPS forecast?
ANIOY EPS forecast for the fiscal quarter 2026 (Q2) is 0.16.