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Usinas Siderurgicas de Minas (USNZY)
OTHER OTC:USNZY
Earnings Data
Report Date
Apr 24, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.02Last Year’s EPS
0.04Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presents a mixed but broadly stable outlook: material operational and financial improvements (EBITDA growth, record mining sales, strong free cash flow, net cash position, and continued CapEx for competitiveness and emissions reduction) are counterbalanced by persistent headwinds from unfair imports, pressured prices/mix, short-term seasonality in mining volumes and potential cost pressure from rising coal prices. Progress on trade remedies and internal efficiency projects support a path to margin recovery, but significant near-term risks and uncertainty on demand and import circumvention keep the tone cautious.Company Guidance
Adjusted Consolidated EBITDA Growth
Adjusted consolidated EBITDA of BRL 2.0 billion for 2025, a 24% increase year-over-year, with an EBITDA margin of 8%.
Mining Record Sales
Mining unit achieved a record sales volume of 9.6 million tons in 2025, up 14% vs 2024; annual mining net revenue increased ~27% year-over-year and mining adjusted EBITDA rose ~46%.
Strong Free Cash Flow and Net Cash Position
Free cash flow for the year of approximately BRL 989 million (quarter FCF BRL 744 million); net debt fell by roughly BRL 1.4 billion over the year, ending with net cash of BRL 444 million and a negative leverage of 0.22x.
Steel Sales and Export Performance
Steel sales totaled 4.4 million tons for the year (second highest in 10 years) with growth in exports and stable annual domestic steel volumes.
Cost Improvements and Operational Efficiencies
Steel unit achieved a reduction in cost-to-sale per ton of about 5%, driven by efficiency initiatives (including PCI coal injection and other industrial improvements) which helped offset lower net revenue per ton.
CapEx Programs and Environmental/Capacity Enhancements
CapEx of ~BRL 1.2 billion in 2025 (within guidance BRL 1.2–1.4 billion); ongoing priority projects for 2026 include PCI plant completion, coke battery repairs and Coke Battery #4 (BRL 1.7 billion) to secure coke self-sufficiency and improved emissions (record low emissions reported). 2026 CapEx guidance around BRL 1.6 billion aligned to competitiveness goals.
Government Trade Remedies Progress
Brazilian authorities published antidumping measures (tariff increases ~9%) for certain products; company expects further definitive measures mid-2026 that could reduce unfair import pressure and create local sales opportunities (imports of flat steel were ~4 million tons in 2025, 60–65% from China).
USNZY 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
USNZY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 13, 2026 | $1.17 | $1.21 | +3.61% |
Oct 24, 2025 | $0.93 | $0.91 | -1.83% |
Jul 25, 2025 | $0.77 | $0.76 | -1.81% |
Apr 24, 2025 | $1.07 | $1.02 | -3.94% |
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 (USNZY) report earnings?
Usinas Siderurgicas de Minas (USNZY) is schdueled to report earning on Apr 24, 2026, Before Open (Confirmed).
What is Usinas Siderurgicas de Minas (USNZY) earnings time?
Usinas Siderurgicas de Minas (USNZY) 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 USNZY EPS forecast?
USNZY EPS forecast for the fiscal quarter 2026 (Q1) is 0.02.