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Algoma Steel Group (TSE:ASTL)
TSX:ASTL
Earnings Data
Report Date
Jun 19, 2025TBA Not Confirmed
Period Ending
2025 (Q4)Consensus EPS Forecast
-0.63Last Year’s EPS
0.1Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 12, 2025
|% Change Since: -18.52%
|Next Earnings Date:Jun 19, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a company facing significant market challenges and tariff-related uncertainties, but with strong liquidity and strategic advancements such as the nearing completion of the EAF project and opportunities arising from Canadian tariffs on US steel.Company Guidance
In the recent conference call, Algoma Steel Group Inc. provided comprehensive guidance on their financial and operational metrics. The company reported a balance sheet with $267 million in cash and total liquidity of $630 million, positioning them well to complete their Electric Arc Furnace (EAF) project on schedule. For Q4 2024, Algoma shipped 549,000 tons, a 6.3% increase from the previous year, but faced a decline in net sales realization to $976 per ton. The adjusted EBITDA was a loss of $60.3 million, reflecting challenging market conditions that included tariff uncertainties and higher costs. For the full year 2024, the company achieved steel revenue of $2.2 billion with shipments of 2 million net tons. Looking ahead, Algoma expects Q1 2025 plate production to increase, leveraging its position as Canada's sole discrete plate producer, with an annual run rate capacity target of over 650,000 net tons. EAF project commissioning is progressing, with first steel production anticipated in April 2025. Despite market challenges, Algoma aims to optimize its product mix and enhance operational efficiencies through the EAF transition.Electric Arc Furnace (EAF) Project Nearing Completion
The EAF project is progressing as planned with first steel production expected in April 2025. The project is expected to be completed within 5% of the upper end of the budget range and marks a significant milestone for Algoma Steel.
Plate Shipments Increase
Plate shipments for Q4 2024 reached approximately 82,000 tons, up from 73,000 tons in Q3 2024, with expectations for further increases in Q1 2025.
Strong Liquidity Position
Algoma Steel maintains a strong balance sheet with over $267 million in cash and total liquidity of $630 million.
Canadian Tariffs on US Steel
The Canadian government announced tariffs on US steel, providing Algoma an opportunity to increase market share, particularly in plate production.
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TSE:ASTL 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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TSE:ASTL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 12, 2025 | C$8.33 | C$8.93 | +7.14% |
| Nov 06, 2024 | C$15.51 | C$16.44 | +5.98% |
| Aug 13, 2024 | C$12.19 | C$12.62 | +3.54% |
| Jun 20, 2024 | C$9.49 | C$9.36 | -1.34% |
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 Algoma Steel Group (TSE:ASTL) report earnings?
Algoma Steel Group (TSE:ASTL) is schdueled to report earning on Jun 19, 2025, TBA Not Confirmed.
What is Algoma Steel Group (TSE:ASTL) earnings time?
Algoma Steel Group (TSE:ASTL) earnings time is at Jun 19, 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 TSE:ASTL EPS forecast?
TSE:ASTL EPS forecast for the fiscal quarter 2025 (Q4) is -0.63.
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