Ternium Announces Third Quarter and First Nine Months of 2026 Results
Ternium reported solid Q3 2026 results with net sales of $4.64 billion, up roughly 17% year-over-year, and Adjusted EBITDA of $785 million, up 10% sequentially and 87% YoY with margin expanding to 17% from 11%. Net income reached $368 million, or $1.42 per ADS, despite $116 million in deferred tax losses tied to Mexican Peso depreciation. Cash from operations was $613 million and Free Cash Flow turned positive at $215 million; the company swung to a $22 million Net Cash position from $112 million Net Debt at the end of June. The board approved an interim dividend of $0.90 per ADS ($177 million total), payable November 17 with a November 16 record date.
Key figures
- Eps
- $1.42 per ADS (Equity Holder's Net Income of $279M)
- Revenue
- 4644000000
- Guidance
- Q4 2026 Adjusted EBITDA expected broadly in line with Q3; consolidated revenue per ton expected to increase
- Revenue Yoy
- 17.5% (Q3 2026 net sales $4,644M vs $3,955M in Q3 2025)
- Fcf
- 215000000
- Capex
- 398000000
- Net cash
- 22000000
- Net income
- 368000000
- Gross profit
- 1037000000
- Adjusted ebitda
- 785000000
- Operating income
- 578000000
- Deferred tax loss
- 116000000
- Steel shipments kt
- 4044
- Cash from operations
- 613000000
- Adjusted ebitda margin
- 17%
- Interim dividend total
- 177000000
- Interim dividend per ads
- 0.9
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.