Usinas Siderurgicas de Minas Gerais SA-Usiminas (ES:XUSIO)
BME:XUSIO
Earnings Data
Report Date
Apr 24, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.03Last Year’s EPS
0.04Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a balanced picture: strong operational and financial achievements (record mining volumes, EBITDA growth, solid free cash flow, and a net cash position) and clear operational/strategic actions (cost reduction, capex priorities, environmental improvements). However, material headwinds from unfair imports, price/mix pressure (notably a ~4% drop in revenue per ton and a ~26% q/q EBITDA drag in the steel unit), elevated importer inventories, and looming input-cost pressures (coal) create meaningful near-term uncertainty. Management expects trade remedies (antidumping/tariffs) to help in 2026 but warned of triangulation risks, and some one-off benefits to 2025 (working-capital release) are unlikely to repeat.Company Guidance
Adjusted Consolidated EBITDA Growth
Adjusted consolidated EBITDA of BRL 2.0 billion for 2025, representing a notable year-over-year increase (management cited +24% vs. 2024) and an EBITDA margin of ~8%.
Strong Mining Performance and Record Volumes
Mining unit achieved a record sales volume of 9.6 million tons in 2025 (up ~14% vs. 2024); mining net revenue increased ~27% for the year and mining EBITDA grew ~46% year-over-year.
Solid Steel Volumes and Export Growth
Steel sales totaled 4.4 million tons in 2025 (the second-largest volume in the past 10 years) with growth in export volumes, while annual steel-unit adjusted EBITDA rose ~16% year-over-year.
Strong Cash Generation and Net Cash Position
Full-year free cash flow of BRL 989 million (quarterly free cash flow BRL 744 million); company moved from net debt to a net cash position of BRL 444 million by year-end and reported a year-over-year net debt reduction of ~BRL 1.4 billion, ending with ~-0.22x leverage.
Working Capital Improvement and Lower Operating Costs
Working capital reduction of BRL 576 million in the period (driven by lower receivables and higher payables ~BRL 192 million); steel unit cost per sale ton fell by ~5%, more than offsetting a ~4% drop in net revenue per ton on average.
CapEx Discipline and Ongoing Projects
Full-year CapEx ~BRL 1.2 billion (within guidance BRL 1.2–1.4 billion); guidance/capacity investments planned for 2026 (CapEx guidance mentioned at BRL 1.6 billion) focused on competitiveness (PCI plant, coke battery repairs, new gasometer) and environmental improvements.
Operational Flexibility and Production Upside
Investment in Blast Furnace 3 and PCI coal-injection improvements provides flexibility equivalent to operating three furnaces, enabling Usiminas to increase steel output if market conditions improve.
Improved Environmental Performance
Management highlighted record-low emissions tied to recent investments (e.g., Coke battery #3 hot repairs and other environmental projects), aligning cost competitiveness with environmental discipline.
Usinas Siderurgicas de Minas Gerais SA-Usiminas (ES:XUSIO) Earnings, Revenues Date & History
ES:XUSIO 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
ES:XUSIO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
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% |
Apr 24, 2025 | €0.94 | €0.94 | 0.00% |
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 Apr 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 Apr 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?
The P/E ratio of Usinas Siderurgicas de Minas Gerais SA-Usiminas is N/A.
What is ES:XUSIO EPS forecast?
ES:XUSIO EPS forecast for the fiscal quarter 2026 (Q1) is 0.03.