Ternium SA (TX) Posts Surprise Q4 Loss
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Ternium Announces Fourth Quarter and Full Year 2015 Results
February 23, 2016 4:15 PM ESTLUXEMBOURG -- (Marketwired) -- 02/23/16 -- Ternium S.A. (NYSE: TX) today announced its results for the fourth quarter and full year period ended December 31, 2015.
The financial and operational information contained in this press release is based on Ternium S.A.'s operational data and consolidated financial statements prepared in accordance with International Financial Reporting Standards (IFRS) and presented in U.S. dollars (USD) and metric tons.
Summary of Fourth Quarter 2015 Results 4Q 2015 3Q 2015 4Q 2014 Steel Shipments (tons) 2,310,000 2,463,000 -6% 2,354,000 -2% Iron Ore Shipments (tons) 906,000 892,000 2% 1,022,000 -11% Net Sales (USD million) 1,809.9 1,945.4 -7% 2,154.6 -16% Operating Income (USD million) 191.6 140.5 36% 191.3 0% EBITDA(1) (USD million)... More
