Algoma Steel Group GAAP EPS of -C$0.19, revenue of C$677.4M; strong Q1 2024 outlook
Jun. 22, 2023 12:41 AM ETAlgoma Steel Group Inc. (ASTL), ASTL:CABy: Meghavi Singh, SA News Editor1 Comment
- Algoma Steel Group press release (NASDAQ:ASTL): Q4 GAAP EPS of -C$0.19.
- Revenue of C$677.4M (-28.1% Y/Y).
- Adjusted EBITDA of C$47.9 million and Adjusted EBITDA margin of 7.1%, compared to C$334.4 million and 35.5% in the prior-year quarter.
- Cash flows generated from operations of C$95.4 million, compared to C$443.8 million in the prior-year quarter.
- Shipments of 571,647 tons, compared to 547,217 tons in the prior-year quarter.
- Outlook: Adjusted EBITDA of C$170 million to C$180 million; Total steel shipments of 550,000 to 560,000 tons.
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