TX · Ternium S.A.

Ternium S.A. reported a strong first quarter in 2026, with net profit attributable to owners surging to $213 million from $67 million in the same period last year. The significant improvement was driven by a 29% increase in gross profit to $687 million, as cost of sales declined 4.5% year-over-year despite flat net sales of approximately $3.93 billion. Operating income more than doubled to $290 million, reflecting higher gross margins and stable selling, general and administrative expenses. A notable factor was an income tax benefit of $93 million in Q1 2026 compared to a $23 million expense in Q1 2025, which substantially boosted net income. The company also recorded a $47.5 million provision for ongoing litigation related to the acquisition of a participation in Usiminas, up from $45.3 million in the prior year. Cash flow from operations remained healthy at $217 million, while capital expenditures totaled $406 million. The balance sheet showed total assets of $24.2 billion, total debt of $2.8 billion, and equity of $16.5 billion as of March 31, 2026. The weighted average number of shares outstanding was 1.96 billion, resulting in basic and diluted EPS of $0.11, up from $0.03 in Q1 2025.