Stelco Holdings Inc STZHF

Primary Symbol: T.STLC

Steel Steel

Stelco Holdings Inc. is a Canada-based integrated and independent steelmaker with advanced integrated steelmaking facilities in North America. The Company is engaged in the production and sale of steel products. The Company produces flat-rolled value-added steels, including coated, cold-rolled, and hot-rolled steel products, as well as pig iron and metallurgical coke. It also provides gauge, crown, and shape control, as well as uniform through-coil mechanical properties. The Company’s steel products are supplied to customers in the steel service center, construction, automotive, energy, appliance, and pipe and tube industries across Canada and the United States. It operates from two facilities: Lake Erie Works (LEW) near Nanticoke, Ontario and Hamilton Works (HW) in Hamilton, Ontario.

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Stelco Holdings Inc > Q2 results out!

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Comment by fishcarrieron Aug 10, 2021 5:55pm

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Post# 33682426

RE:Q2 results out!

Revenue of $918 million for the quarter, up 123% from Q2 2020
Operating income of $393 million , representing a 43% margin for the quarter, up 2,356% from Q2 2020
Adjusted EBITDA* of $410 million , representing a 45% margin for the quarter, up 1,106% from Q2 2020
Adjusted Net Income* of $380 million , representing $4.28 per share, up 3,700% from Q2 2020
Shipments* of 679,000 tons for the quarter, up 18% from Q2 2020
Average selling price of $1,292 per net ton, up 85% from $700 per net ton in Q2 2020
Declared increased quarterly dividend of $0.20 per share payable on Aug.31