Quarterly ResultMay 5, 2026, 04:24 PM
Ternium Q1 Adjusted EBITDA $479M (+21%); Net Income $372M
AI Summary
Ternium reported strong first quarter 2026 results, with Adjusted EBITDA increasing 21% sequentially to $479 million and Net Income reaching $372 million. This improvement was driven by higher realized steel prices, particularly in Mexico and Brazil, despite higher raw material costs. The company invested $406 million in capital expenditures for its Pesquería, Mexico expansion and acquired additional Usiminas shares for $315 million. Ternium anticipates further Adjusted EBITDA growth in Q2 2026, supported by increased shipments and improved margins.
Key Highlights
- Adjusted EBITDA increased 21% sequentially to $479 million in Q1 2026.
- Net Income rose to $372 million in Q1 2026 from $171 million in Q4 2025.
- Earnings per ADS were $1.09, up from $0.62 in the previous quarter.
- Net Sales grew 4% sequentially to $3,934 million.
- Steel products shipments remained stable at 3.7 million tons sequentially.
- Mining segment shipments decreased 16% sequentially to 2.8 million tons.
- Invested $406 million in CAPEX, primarily for Mexico industrial center expansion.
- Acquired 153.1 million Usiminas shares for $315 million.