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Usinas Siderurgicas de Minas Gerais SA-Usiminas (ES:XUSIO)
BME:XUSIO
Spanish Market
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Usinas Siderurgicas de Minas Gerais SA-Usiminas (XUSIO) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date
Jul 24, 2026
Before Open (Confirmed)
Period Ending
2026 (Q2)
Consensus EPS Forecast
0.04
Last Year’s EPS
0.01
Same Quarter Last Year
Based on 0 Analysts Ratings

Earnings Call Summary

Q1 2026
Earnings Call Date:Apr 24, 2026|
% Change Since:
|
Earnings Call Sentiment|Neutral
The call conveyed operational and financial progress—most notably a strong sequential EBITDA recovery (+56% QoQ), positive cash generation, permanent cost savings (~USD 15/ton) and tangible project progress (PCI, coke plant)—while also flagging notable near-term headwinds: a sharp mining volume decline (-21%), reduced steel volumes (~-7% QoQ), rising input and freight costs expected in Q2, and elevated import inflows creating inventory overhang. FX-related accounting gains materially boosted reported income but are rate-dependent. Management’s tone is cautious and focused on preserving margins and prioritizing value over volume; overall the improvements in profitability, cash flow and project execution are balanced against meaningful industry and macro risks that could constrain upside in the near term.
Company Guidance
Management guided to relatively stable consolidated results in the coming quarters despite a challenging macro backdrop (Iran war → higher oil/gas, inflation, freight), noting Q1/26 consolidated EBITDA of BRL 653m (+56% q/q), operating cash flow BRL 370m, free cash flow BRL 84m, CapEx BRL 285m (-23% q/q) and a maintained net‑cash position with net debt/EBITDA stable; steel volumes are expected to remain roughly flat (steel sales were down ~7% q/q in Q1) with a continued better mix (steel net revenue/ton ~+5% q/q and exports +~9%), while input costs (slabs, coke, coal, freight) are expected to rise in Q2 (partly offset by a 5% spot/distribution price increase effective April 1 and industrial adjustments ~5–6% on renewal), mining sales (down 21% in Q1) should recover as seasonality eases (mining net revenue/ton held at $87, reference price +0.9%); management also flagged sizable FX effects in Q1 (consolidated FX gain ~BRL 110m and a noncash deferred tax benefit ~BRL 450m), large import pressure (imports +78% YoY and +30% q/q) with inventories normalizing likely in H2, and the progressive benefits from projects (PCI plant to complete H2/26) that should improve industrial efficiency and reduce external coke purchases.
Strong EBITDA Improvement
Consolidated EBITDA of BRL 653 million in Q1 2026, a 56% increase versus the prior quarter, driven by a better sales mix (automotive + exports) and reduced costs.
Revenue per Ton and Mix Improvements
Steel net revenue per ton increased by nearly 5%, supported by a higher share of automotive sales and improved export mix (exports improved ~9%).
Cost per Ton Reduction
Reported cost savings around USD 15 per ton attributed mainly to lower maintenance/major repairs and retrofitting efficiencies; management expects these savings to be largely permanent.
Positive Cash Generation and Liquidity
Operating cash flow of BRL 370 million and free cash flow of BRL 84 million in the quarter; net cash position remained similar to prior quarter and net debt/EBITDA was stable, reflecting a comfortable debt profile.
CapEx Discipline
CapEx of BRL 285 million in Q1 2026, a 23% reduction versus the previous quarter, supporting near-term cash generation while continuing priority project execution.
Progress on Efficiency / Capital Projects
PCI project nearing completion with benefits already being captured (full benefit expected progressively, with major impacts into H2 2026 and beyond); coke plant hot repair 50% complete and gas holder works progressing to improve thermal recovery and reduce external coke purchases.
Mining Pricing Stability per Ton
Mines maintained net revenue per ton at USD 87 (stable vs prior quarter); reference prices were nearly flat (+0.9%) though discounts/differentials affected realized prices.
First-Time Consolidation/Functional Currency Conversion
Q1 results are the first converted to reals from dollars; company reported positive FX-related accounting impacts in the quarter (see lowlights for reversal risk) and improved comparability on consolidated reporting.

Usinas Siderurgicas de Minas Gerais SA-Usiminas (ES:XUSIO) 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

ES:XUSIO Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
Jul 24, 2026
2026 (Q2)
0.04 / -
0.013
Apr 24, 2026
2026 (Q1)
0.02 / 0.11
0.037189.19% (+0.07)
Feb 13, 2026
2025 (Q4)
<0.01 / <0.01
-0.024137.50% (+0.03)
Oct 24, 2025
2025 (Q3)
<0.01 / -0.46
0.021-2280.95% (-0.48)
Jul 25, 2025
2025 (Q2)
0.01 / 0.01
-0.018172.22% (+0.03)
Apr 24, 2025
2025 (Q1)
0.03 / 0.04
0.0021750.00% (+0.03)
Feb 14, 2025
2024 (Q4)
0.02 / -0.02
0.114-121.05% (-0.14)
Oct 25, 2024
2024 (Q3)
>-0.01 / 0.02
-0.032165.63% (+0.05)
Jul 26, 2024
2024 (Q2)
<0.01 / -0.02
0.04-145.00% (-0.06)
Apr 23, 2024
2024 (Q1)
<0.01 / <0.01
0.071-97.18% (-0.07)
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

ES:XUSIO Earnings-Related Price Changes

Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Apr 24, 2026
€1.24€1.29+4.03%
Feb 13, 2026
€0.98€1.01+2.54%
Oct 24, 2025
€0.79€0.76-3.80%
Jul 25, 2025
€0.70€0.68-2.86%
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 Usinas Siderurgicas de Minas Gerais SA-Usiminas (ES:XUSIO) report earnings?
Usinas Siderurgicas de Minas Gerais SA-Usiminas (ES:XUSIO) is schdueled to report earning on Jul 24, 2026, Before Open (Confirmed).
    What is Usinas Siderurgicas de Minas Gerais SA-Usiminas (ES:XUSIO) earnings time?
    Usinas Siderurgicas de Minas Gerais SA-Usiminas (ES:XUSIO) 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 the P/E ratio of Usinas Siderurgicas de Minas Gerais SA-Usiminas stock?
          What is ES:XUSIO EPS forecast?
          ES:XUSIO EPS forecast for the fiscal quarter 2026 (Q2) is 0.04.