Algoma Steel Group (ASTL) Reports Q3 Results

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Algoma Steel Group Announces Fiscal 2022 Third Quarter Results

February 10, 2022 5:30 PM EST

Continued Record Revenue, Adjusted EBITDA and Free Cash Flow Performance

Balance Sheet Further Enhanced; Electric Arc Furnace Construction Underway

Initiates Quarterly Dividend and Announces Intention to Launch Normal Course Issuer Bid

Business Highlights and Fiscal 2022 to Fiscal 2021 Third Quarter Comparisons

Consolidated revenue of $1.06 billion, up 147.6% from $430.0 million in the prior-year quarter.Consolidated income from operations of $446.1 million, compared to a loss of $17.7 million in the... More