Ternium Files 6-K for FY23, Confirms SEC Reporting

TL;DR

**Ternium just filed a standard 6-K, confirming their SEC reporting compliance for 2023.**

AI Summary

Ternium S.A. filed a Form 6-K with the SEC on February 20, 2024, for the period ending December 31, 2023. The filing indicates that Ternium, a steel works company based in Luxembourg, is furnishing information to the SEC under Rule 13a-16 of the Securities Exchange Act of 1934. The company's business address is 26, Boulevard Royal, 4th Floor, L-2449 Luxembourg, and its phone number is (352) 2668-3152.

Why It Matters

This routine filing confirms Ternium's ongoing compliance with SEC reporting requirements for foreign private issuers, providing transparency to U.S. investors.

Risk Assessment

Risk Level: low — This is a routine administrative filing and does not contain any new material financial or operational information that would indicate a change in risk.

Key Players & Entities

• Ternium S.A. (company) — registrant
• SEC (company) — regulatory body
• February 20, 2024 (date) — filing date
• December 31, 2023 (date) — period of report end date
• Luxembourg (company) — location of principal executive offices
• (352) 2668-3152 (dollar_amount) — business phone number

FAQ

Key Financial Figures

• $651 MILLION — D EBITDA NET INCOME 4.0 MILLION TONS $651 MILLION $554 MILLION SHIPMENTS - MINING PRO
• $554 MILLION — COME 4.0 MILLION TONS $651 MILLION $554 MILLION SHIPMENTS - MINING PRODUCTS ADJUSTED
• $2.11 — NINGS PER ADS 2.0 MILLION TONS 13% $2.11 CASH PROVIDED BY OPERATING ACTIVITIES
• $1.9 BILLION — ANNUAL DIVIDEND PROPOSAL 718 MILLION $1.9 BILLION $3.30 PER ADS 1 Summary of Fourth
• $3.30 — PROPOSAL 718 MILLION $1.9 BILLION $3.30 PER ADS 1 Summary of Fourth Quarter
• $537 million — r. This event resulted in a decrease of $537 million in the fair value of the company's hold
• $171 million — e rate. In addition, Ternium recorded a $171 million net foreign exchange gain in the period
• $0.33 — at an annual dividend of $3.30 per ADS ($0.33 per share), or $649 million, be approve
• $649 m — of $3.30 per ADS ($0.33 per share), or $649 million, be approved at the company's ann
• $1.10 — d would include the interim dividend of $1.10 per ADS ($0.11 per share), or $216 mill
• $0.11 — the interim dividend of $1.10 per ADS ($0.11 per share), or $216 million, paid in th
• $216 m — of $1.10 per ADS ($0.11 per share), or $216 million, paid in the fourth quarter. If t
• $2.20 — hareholders' meeting, a net dividend of $2.20 per ADS ($0.22 per share), or $433 mill
• $0.22 — eting, a net dividend of $2.20 per ADS ($0.22 per share), or $433 million, will be pa
• $433 m — of $2.20 per ADS ($0.22 per share), or $433 million, will be paid on May 8, 2024, wit

Filing Documents

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• 0001342874-24-000003.txt ( ) — 1921KB

Forward Looking Statements

Forward Looking Statements Some of the statements contained in this press release are "forward-looking statements". Forward-looking statements are based on management's current views and assumptions and involve known and unknown risks that could cause actual results, performance or events to differ materially from those expressed or implied by those statements. These risks include but are not limited to risks arising from uncertainties as to gross domestic product, related market demand, global production capacity, tariffs, cyclicality in the industries that purchase steel products and other factors beyond Ternium's control. About Ternium Ternium is a leading steel producer in the Americas, providing advanced steel products to a wide range of manufacturing industries and the construction sector. We invest in low carbon emissions steelmaking technologies to support the energy transition and the mobility of the future. We also support the development of our communities, specially through educational programs in Latin America. More information about Ternium is available at www.ternium.com. 15 Income Statement $ MILLION 4Q23 3Q23 4Q22 2023 2022 Net sales 4,931 5,185 3,546 17,610 16,414 Cost of sales (4,039) (4,192) (3,119) (14,051) (12,487) Gross profit 892 993 427 3,559 3,927 Selling, general and administrative expenses (432) (443) (275) (1,472) (1,144) Other operating income (expense), net 121 (22) (110) 110 (84) Operating income 582 527 43 2,198 2,700 Financial expense (44) (47) (18) (125) (47) Financial income 94 78 28 255 75 Other financial income (expense), net 54 0 (1) (6) (99) Equity in earnings of non-consolidated companies 24 19 19 105 37 Effect related to the increase of the participation in Usiminas — (171) — (171) — Recycling of other comprehensive income related to Usiminas — (935) — (935) — Profit (loss) before income tax results 709 (530) 70 1,321 2,666 Income tax expense (156) (253) (11) (334) (574) Profit (loss) for the pe

View Full Filing

View this 6-K filing on SEC EDGAR