Ternium (TX)
NYSE:TX
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Earnings Data
Report Date
Aug 04, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.07Last Year’s EPS
1.28Same Quarter Last Year
Moderate Buy
Based on 8 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a constructive tone: operating metrics show clear improvement (12% margin, +21% sequential adjusted EBITDA, $372M net income), Pesqueria project is ahead of plan and innovation/IP wins strengthen long‑term positioning, and Mexican government measures support demand recovery. Offsetting these positives are notable near‑term headwinds — a ~30% surge in Brazilian imports, weaker Argentina demand, rising cost pressures, increased working capital needs, a $48M litigation charge, and an expected move from net cash to net debt this year due to CapEx and an acquisition payment. On balance, the company highlights stronger profitability trends, significant strategic progress and resilience, with manageable but meaningful near‑term challenges.Company Guidance
Margin Recovery and Improved Profitability
Earnings margin recovered to 12% in Q1 2026, reflecting improved market environment in Mexico, focus on profitability over volume in Brazil, and operational efficiency initiatives.
Strong Sequential EBITDA Growth
Adjusted EBITDA increased sequentially by 21% in Q1 2026, with management expecting EBITDA margin to continue rising supported by higher revenue per ton (particularly in Mexico and Brazil).
Solid Net Income and Non‑operating Gains
Net income for Q1 2026 was $372 million, supported by foreign exchange gains in Mexico, Argentina and Brazil and a $122 million deferred tax gain driven by currency fluctuations and inflation effects in Argentina.
Pesqueria Project Ahead of Plan
Pesqueria cold rolling mill and galvanizing line ramp-up are running ahead of plan and expected to be close to full capacity by October 2026; slab facility is advancing in line with expectations and will enhance vertical integration and product capabilities.
Innovation and IP Wins
Ternium was granted a U.S. patent for a new electrical steelmaking process enabling exposed steel production at scale (leveraging integration of direct reduction), and is developing AI-based virtual stamping solutions to streamline automotive certification.
Customer and Sustainability Recognition
Ternium received the Ariston Group Strategic Partner award, the 2025 John Deere Crop Award (partner level), and was recognized as a Sustainability Champion by the World Steel Association.
Cash Generation and Balance Sheet Items
Company continues to generate strong operating cash flow and ended the quarter with a reported net cash position of $327 million; also collected a $150 million loan from Techgen (nonconsolidated JV supplying power in Mexico).
Strategic Government Support in Mexico
Mexican government initiatives (Plan Mexico, anti‑dumping/trade defenses, and a landmark agreement prioritizing domestic steel in public procurement) support expectations for a Mexican demand recovery and improved commercial market volumes in Q2 and beyond.
Brazil Capacity and Community Investment
Usiminas prioritized profitability over volume amid cost volatility; Ternium hosted inauguration of $50 million Roberto Rocca Technical School, expected to welcome ~600 students, reinforcing community and workforce development.
Capital Expenditure Guidance and Future Free Cash Flow Potential
CapEx is set to fall materially from 2025's ~$2.5 billion with management expecting 2027 CapEx around $1.0–$1.2 billion, implying potential for stronger free cash flow once Pesqueria ramp-up completes.
TX 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
TX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 05, 2026 | $42.85 | $47.04 | +9.77% |
Feb 18, 2026 | $42.02 | $42.39 | +0.90% |
Oct 28, 2025 | $35.88 | $33.95 | -5.36% |
Jul 30, 2025 | $30.93 | $30.86 | -0.21% |
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 Ternium (TX) report earnings?
Ternium (TX) is schdueled to report earning on Aug 04, 2026, After Close (Confirmed).
What is Ternium (TX) earnings time?
Ternium (TX) earnings time is at Aug 04, 2026, After Close (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 TX EPS forecast?
TX EPS forecast for the fiscal quarter 2026 (Q2) is 1.07.