The earnings call reflects a challenging environment for Algoma Steel Group Inc., with significant pressures from weak market demand and tariff uncertainties leading to decreased revenue and an EBITDA loss. However, there are positive developments such as the strong liquidity position, progress on the Electric Arc Furnace project, and expected cost reductions from transitioning to EAF steelmaking. The sentiment is balanced with both significant challenges and positive outlooks.

Company Guidance

During the call, Algoma Steel Group Inc. provided guidance on several key metrics. The company reported a cash position of $267 million and total liquidity of $630 million at the end of the fourth quarter of 2024. They shipped 549,000 tons of steel during the quarter, up 6.3% from the prior year, but net sales realization averaged $976 per ton, a decrease from $1,079 per ton in the previous year, due to challenging market conditions. Steel revenue for the quarter was $536 million, down 3.8% year-over-year. The company is progressing with its electric arc furnace (EAF) project, expecting first steel production in April 2025. For the full calendar year 2024, Algoma shipped 2 million net tons, with net sales realizations averaging $1,107 per ton, leading to steel revenue of $2.2 billion. Despite these challenges, Algoma aims for a steady ramp-up in plate production towards an annual run rate capacity of over 650,000 net tons and anticipates releasing approximately $100 million of working capital by March 2025. Adjusted EBITDA for the full year was $22.3 million, a significant drop from $319 million in 2023, attributable to lower shipments and higher costs.

Strong Liquidity Position

Algoma Steel Group Inc. maintained a strong balance sheet with over $267 million in cash at the end of the quarter and total liquidity of $630 million.

Progress on Electric Arc Furnace Project

The Electric Arc Furnace (EAF) project is on schedule with first steel production expected in April 2025. The project remains on budget with cumulative investment at $740 million.

Plate Shipments Increase

Plate shipments for Q4 2024 reached approximately 82,000 tons, up from 73,000 tons in Q3 2024, with plans to increase production further in Q1 2025.

Expected Cost Reduction from EAF Transition

Transitioning to EAF steelmaking is expected to strengthen Algoma's cost structure, with the full conversion cost expected to be $200 to $220 USD per ton.

Insurance Payout Expected

Algoma expects to receive an insurance payout related to a previous outage, with $20 to $25 million anticipated in the next month and the balance by year-end.

Algoma Steel Group (ASTL) 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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ASTL Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 11, 2026	2026 (Q3)	- / -	-0.441	―	―	―
Jun 19, 2025	2025 (Q4)	- / -0.35	0.072	-580.00% (-0.42)	―	―
Mar 12, 2025	2025 (Q3)	-0.75 / -0.44	-0.564	21.79% (+0.12)
Nov 06, 2024	2025 (Q2)	-0.20 / -0.71	0.173	-508.33% (-0.88)
Aug 13, 2024	2025 (Q1)	-0.02 / -0.05	0.614	-108.24% (-0.67)
Jun 20, 2024	2024 (Q4)	-0.02 / 0.07	-0.137	152.63% (+0.21)
Feb 06, 2024	2024 (Q3)	-0.18 / -0.56	-0.463	-21.88% (-0.10)
Nov 02, 2023	2024 (Q2)	0.22 / 0.17	0.26	-33.33% (-0.09)
Aug 10, 2023	2024 (Q1)	0.68 / 0.61	1.077	-42.95% (-0.46)
Jun 21, 2023	2023 (Q4)	<0.01 / -0.14	1.048	-113.10% (-1.19)

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

ASTL Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Mar 12, 2025	$5.73	$6.14	+7.16%
Nov 06, 2024	$11.06	$11.76	+6.33%
Aug 13, 2024	$8.84	$9.12	+3.17%
Jun 20, 2024	$6.90	$6.77	-1.88%

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 Algoma Steel Group (ASTL) report earnings?

Algoma Steel Group (ASTL) is schdueled to report earning on Feb 11, 2026, After Close (Confirmed).

What is Algoma Steel Group (ASTL) earnings time?

Algoma Steel Group (ASTL) earnings time is at Feb 11, 2026, After Close (Confirmed).

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