For the quarter ended March 2024, ArcelorMittal (MT) reported revenue of $16.28 billion, down 12% over the same period last year. EPS came in at $1.16, compared to $1.27 in the year-ago quarter.The reported revenue represents a surprise of +2.89% over the Zacks Consensus Estimate of $15.82 billion. With the consensus EPS estimate being $0.93, the EPS surprise was +24.73%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine the ...

Luxembourg, May 2, 2024 - ArcelorMittal (referred to as "ArcelorMittal" or the "Company" or the "Group") (MT (New York, Amsterdam, Paris, Luxembourg), MTS (Madrid)), the world's leading integrated steel and mining company, today announced results1 for the three-month period ended March 31, 2024. 1Q 2024 key highlights: Health and safety focus: Protecting employee health and wellbeing remains the overarching priority of the Company; the Company-wide audit of safety by dss+ is progressing and will support our ...

30 April 2024, 18:15 CET The Annual General Meeting (‘General Meeting') of shareholders of ArcelorMittal held today in Luxembourg approved all resolutions by a strong majority. 78.47% of the voting rights were represented at the General Meeting. The results of the votes will be posted shortly on www.arcelormittal.com under ‘Investors – Equity investors – Shareholders events – AGM – Annual General Meeting of shareholders, 30 April 2024' where the full documentation regarding the General Meeting is available. ...

Wall Street analysts expect ArcelorMittal (MT) to post quarterly earnings of $0.93 per share in its upcoming report, which indicates a year-over-year decline of 26.8%. Revenues are expected to be $15.4 billion, down 16.7% from the year-ago quarter.The consensus EPS estimate for the quarter has been revised 12.4% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Ahead of a company's e ...

Core Insights - ArcelorMittal published its 2023 Integrated Annual Review (IAR) titled 'Preparing for the future', focusing on sustainability, safety, and stakeholder engagement [1][5] Group 1: Business Overview - The company generated revenues of $68.3 billion in 2023, produced 58.1 million metric tonnes of crude steel, and 42.0 million tonnes of iron ore [7] - ArcelorMittal operates in 60 countries, with primary steelmaking operations in 15 countries, making it the largest steel producer in Europe and a significant player in the Americas and Asia [7] Group 2: Sustainability and Safety - The IAR includes updates on climate-related risks, scope 3 emissions, and certifications to ESG standards like ResponsibleSteel™ [1] - A comprehensive independent safety audit was launched in December 2023 to enhance safety performance across operations [2] - The company emphasizes a culture of safety and care, which is essential for operational success and employee engagement [3] Group 3: People and Culture - ArcelorMittal employs 150,000 people directly and focuses on attracting and developing talent through a people strategy based on leadership, talent development, and diversity and inclusion [4] - The company is advancing its Diversity and Inclusion roadmap to foster engagement and productivity [6] Group 4: Strategic Goals - The IAR outlines the company's commitment to decarbonization, community engagement, and sustainable practices within the natural environment [5][6] - The company aims to produce innovative steels that use less energy, emit less carbon, and support renewable energy infrastructure [8]

10 April 2024, 16:45 CET ArcelorMittal (‘the Company') announced in December 2023 that it had engaged dss+, a leading provider of sustainable operations management consulting services, to conduct a company-wide audit of its safety practices. Today, it shares a first interim update about what has been achieved in the first three months of the audit, and the scale and scope of the work underway. The complete audit is expected to take nine months to complete with the key recommendations due to be published in ...

19 March 2024, 10:00 CET ArcelorMittal, the world's leading steel and mining company, today announces that Kleber Silva is nominated Executive Vice President of ArcelorMittal and appointed as Chief Executive Officer of ArcelorMittal Mining, effective 08 April 2024. Kleber will report to Aditya Mittal, Chief Executive Officer of ArcelorMittal and he will be a member of the Group Management Committee. Stefan Buys, who has been the chief executive since October 2021, is leaving the company on 30 March 2024 to ...

12 March 2024, 22:00 CET ArcelorMittal (the ‘Company') today announces that it has signed a Share Purchase Agreement to acquire 65,243,206 shares, representing c.28.4% equity interest in Vallourec, for €14.64 per share from Funds managed by Apollo Global Management, Inc., for a total consideration of approximately €955 million. Transaction closing is subject to regulatory approvals and is expected to close in the second half of the year. Having carried out a successful restructuring in recent years, Vallou ...

HJBC Dear readers/followers, Of course, I wish I could say that ArcelorMittal (NYSE:MT) had moved in the way that I tried to predict in my last article, which was now almost a full year ago. I've owned a small stake in this company for several years, and I bought more to this stake at the last time of publishing. Since that particular time, the company has not exactly performed as expected, with an 11% negative RoR. In this article, and you can find my previous coverage here, I will provide you an updat ...

ArcelorMittal (MT) Brasil and Petrobras entered into a Memorandum of Understanding (MoU) to explore potential collaborations in the realm of the low-carbon economy. The aim is to investigate various business models in Brazil that can be mutually beneficial while aligning with their diversification and decarbonization strategies.The collaboration extends from a joint study aimed at establishing a Carbon Capture and Storage (CCS) hub in Espírito Santo state. CCS involves capturing CO2 and securely storing it ...