Ternium Announces Third Quarter and First Nine Months of 2024 Results
Ternium S.A. (NYSE: TX) reported its third-quarter and nine-month financial results for 2024, noting strong steel shipments, especially in Mexico, and increasing shipments in Brazil and Argentina. However, Adjusted EBITDA for Q3 was $368 million, reflecting lower margins amid falling steel prices. Net cash decreased to $1.7 billion due to capital expenditures of $446 million, including investments in Mexican expansion and an Argentine wind farm.