National Steel Q4 Earnings Beat Estimates, Revenues Inch Up Y/Y

About this update from Companhia Siderurgica Nacional

National Steel SID reported a fourth-quarter 2024 loss per share of 8 cents, which was narrower than the Zacks Consensus Estimate of a loss of 9 cents. It reported earnings of 13 cents in the prior-year quarter.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.SID’s Q4 Top Line Rises on Higher Domestic RevenuesDomestic revenues increased 8.4% year over year to R$5.95 billion ($1.04 billion). The company’s international business revenues fell 6.8% year over year to R$6.08 billion ($1.07 billion).National Steel Company Price, Consensus and EPS SurpriseNational Steel Company price-consensus-eps-surprise-chart | National Steel Company QuoteFor the December-end quarter, net revenues were R$12 billion ($2.06 billion), up 0.2% year over year. The company incurred a net loss of R$85 million ($14.95 million) in the fourth quarter of 2024.National Steel’s Q4 Segmental PerformanceSteel: The segment’s revenues totaled R$6.16 billion ($1.08 billion), up 13% year over year. Steel sales were 1,175 thousand tons, up 10.4% from 1,064 thousand tons in the fourth quarter of 2023. Iron ore sales were 10,731 thousand tons, marking a 3.7% decline from the prior-year quarter.Mining: The segment generated revenues of R$3.93 billion ($0.69 billion), down 21.8% year over year.Logistics (Port and Railways): The segment’s revenues were R$758 million ($133 million), down 4.7% year over year.Energy: The segment’s revenues totaled R$163 million ($28.6 million), which marked 30.4% year-over-year growth.Cement: The segment’s revenues grew 8% year over year to R$1.18 billion ($0.21 billion).SID’s Margins Dip in Q4In the fourth quarter of 2024, the company’s cost of sales decreased 1.1% year over year to R$8.24 billion ($1.45 billion). Gross profit increased 3.1% year over year to R$3.78 billion ($0.67 billion). The gross margin was 31.5% compared with the year-earlier quarter’s 30.6%.Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) improved 16.1% year over year to R$3.33 billion ($0.58 billion). The EBITDA margin was 26.8% in the reported quarter compared with the prior-year quarter’s 29.1%.National Steel’s 2024 ResultsSID delivered a net loss of R$1.5 billion ($0.26 billion) in 2024 against the net income of R$403 million ($70.9 million) in 2023. It reported revenues of R$43.68 billion ($7.69 billion), down 3.9% year over year. The fig...

View stock analysis, news, and events for Companhia Siderurgica Nacional