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Algoma Steel reports Q3 EPS (78c) vs. (64c) last year
The Fly

Algoma Steel reports Q3 EPS (78c) vs. (64c) last year

Reports Q3 revenue $615.4M, consensus $606.32M. Michael Garcia, the Company’s CEO, commented, “We delivered results in the fiscal Q3 that were consistent with our previously disclosed outlook, accomplished against a challenging backdrop that included the remaining impact of the UAW strike and a heavy seasonal maintenance quarter. Improved market fundamentals coupled with the settlement of the strike in October led to a rebound in pricing which based on the lagging nature of our order book is expected to positively impact pricing realizations beginning in our fiscal Q4.”

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