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Sherritt International (DE:HRT)
:HRT
RESEARCH TOOLSreports
Earnings Data
Report Date
Jul 23, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
-0.04Last Year’s EPS
-0.02Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 13, 2025
|% Change Since: -5.88%
|Next Earnings Date:Jul 23, 2025
Earnings Call Sentiment|Neutral
The call highlighted significant achievements in debt reduction, strong fertilizer performance, and progress on the Moa JV expansion. However, challenges such as lower production figures, operational difficulties in Cuba, and power supply issues indicate a mixed performance. The expectation of improved production and financial performance in the latter half of the year provides some optimism.Company Guidance
During the Q1 2025 earnings call, Sherritt International Corporation provided guidance incorporating several key metrics. The company experienced price volatility in the nickel and cobalt markets, with nickel prices initially climbing due to potential Indonesian mining quota cuts before trending lower following increased quotas. Meanwhile, cobalt prices surged after the DRC suspended exports, with expectations of a 35% increase in cobalt prices in Q2 compared to Q1's US$12.84 per pound. The company is managing costs closely amid a depressed nickel price environment, achieving an 18% year-over-year reduction in net direct cash costs to US$5.95 per pound. Sherritt also addressed operational challenges, such as lower mixed sulfide production due to supply chain delays and maintenance issues. Looking ahead, Sherritt anticipates higher production in the second half of 2025, benefiting from the Moa JV expansion and a strengthened capital structure following a significant debt reduction. Additionally, the firm expects increased dividends from Energas, projecting receipts of $25 million to $30 million for the year, up from $13 million last year.Cobalt Price Increase
Cobalt prices increased more than 35% from US$12.84 per pound in the first quarter to US$17.50 per pound in the second quarter so far, driven by the DRC's suspension of cobalt exports.
Debt Reduction and Maturity Extension
Sherritt reduced its debt obligations by $43 million, eliminated a $25 million premium, and extended debt maturity by six years to November 2031. This resulted in a more than 20% reduction in debt and a $3 million reduction in annual interest expense.
Strong Fertilizer Performance
Fertilizer sales volumes increased by 39%, with a 16% increase in average realized prices, driven by strong demand ahead of the spring planting season.
Successful Commissioning of Moa JV Expansion
Phase 2 of the Moa Joint Venture expansion began commissioning, with a ramp-up expected in the second half of the year. The expansion is on budget and expected to increase mixed sulfide production.
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DE:HRT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DE:HRT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 13, 2025 | €0.09 | ― | ― |
Feb 05, 2025 | €0.14 | €0.13 | -5.07% |
Oct 30, 2024 | €0.12 | €0.12 | -0.85% |
Jul 29, 2024 | €0.14 | €0.14 | +5.15% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Sherritt International (DE:HRT) report earnings?
Sherritt International (DE:HRT) is schdueled to report earning on Jul 23, 2025, TBA Not Confirmed.
What is Sherritt International (DE:HRT) earnings time?
Sherritt International (DE:HRT) earnings time is at Jul 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Sherritt International stock?
The P/E ratio of Sherritt International is N/A.
What is DE:HRT EPS forecast?
DE:HRT EPS forecast for the fiscal quarter 2025 (Q2) is -0.04.
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