Usinas Siderurgicas de Minas (USNZY)
OTHER OTC:USNZY
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Earnings Data
Report Date
Jul 24, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.04Last Year’s EPS
0.02Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The quarter showed a clear operational recovery in profitability with a 56% QoQ EBITDA increase, improved revenue per ton (~5%), export mix gains and positive cash generation. However, material headwinds remain: a sharp YoY/quarterly rise in imports creating inventory overhang, a 21% drop in mining volumes due to seasonal rains, declining steel sales volumes (~7% QoQ), and looming cost pressure from higher slabs, coke, coal and freight. Additionally, a substantial portion of net income improvement came from noncash FX/deferred tax effects tied to real appreciation. Management is focused on efficiency, prioritizing value over volume and progressing key projects (PCI, coke retrofits) that should support margins over time. Overall, the operational improvements are meaningful but balanced by significant external risks and some one-off accounting gains, leaving the tone cautious.Company Guidance
Strong QoQ EBITDA Growth
Consolidated EBITDA of BRL 653 million in Q1 2026, a 56% increase versus Q4 2025, driven by a better product mix in steel and higher profitability that more than offset lower volumes.
Improved Revenue per Ton in Steel
Net revenue per ton in the steel segment rose nearly 5% quarter-over-quarter, reflecting a better mix with higher share of automotive and improved export mix.
Exports and Mix Improvements
Export performance improved (exports revenue noted as ~9% higher), with a better share in the Argentinian auto market and stronger sales to automotive customers contributing to margin expansion.
Positive Cash Generation and Liquidity
Operating cash flow of BRL 370 million and free cash flow of BRL 84 million in the quarter; company maintained a net cash position and a stable net debt/EBITDA indicator.
Lower CapEx and Ongoing Efficiency Projects
CapEx of BRL 285 million, down 23% versus the prior quarter, while priority projects (PCI plant, coke battery retrofitting, gas holders) are on track and already delivering some early benefits.
COGS and Cost Savings from Maintenance
Slight reduction in cost per ton driven by lower maintenance/major repair expenses and operational efficiency initiatives; management quantified maintenance-related savings at around US$15 per ton and expects these gains to be largely permanent.
PCI Project Nearing Completion and Expected Efficiency Gains
PCI plant expected to be completed in H2 2026 with partial benefits already captured in H1 2026; anticipated to reduce external coke purchases and improve blast furnace efficiency progressively.
Strategic Commercial Positioning
Management is prioritizing profitability over volume, focusing on higher-value segments (automotive, coated/galvanized) and taking price adjustments (spot distribution ~+5% from April 1) to offset rising input costs.
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 |
|---|---|---|---|
Apr 24, 2026 | $1.46 | $1.52 | +4.12% |
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% |
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 Jul 24, 2026, Before Open (Confirmed).
What is Usinas Siderurgicas de Minas (USNZY) earnings time?
Usinas Siderurgicas de Minas (USNZY) earnings time is at Jul 24, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
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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 (Q2) is 0.04.