Algoma Steel Provides Guidance for the Quarter Ended December 31, 2024
- SAULT STE. MARIE, Ontario, Jan. 02, 2025 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today provided guidance for its quarter ended December 31, 2024. Unless otherwise specified, all amounts are in Canadian dollars.
- 01/02/2025
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Algoma Steel Group to Participate in the Inaugural B. Riley Securities Energy Convergence Conference
- SAULT STE. MARIE, Ontario, Dec. 03, 2024 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today announced that the Company will be participating in the B. Riley Securities Energy Convergence Conference on Wednesday, December 4, 2024, at the Hotel Eventi in New York. Prior to Algoma's attendance at this conference, the Company will post a copy of the presentation it will use in the Investors section of its website on ir.algoma.com.
- 12/03/2024
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Algoma Steel Group Inc. (ASTL) Q2 2025 Earnings Call Transcript
- Algoma Steel Group Inc. (NASDAQ:ASTL ) Q2 2025 Results Conference Call November 7, 2024 11:00 AM ET Company Participants Mike Moraca - Vice President, Corporate Development and Treasurer Michael Garcia - Chief Executive Officer Rajat Marwah - Chief Financial Officer Conference Call Participants Katja Jancic - BMO Capital Markets David Ocampo - Cormark Securities Ian Gillies - Stifel Operator Greetings, and welcome to the Algoma Steel Group Inc. Second Quarter 2025 Earnings Call. At this time, all participants are in a listen-only mode.
- 11/09/2024
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Algoma Steel Group Reports Fiscal Second Quarter 2025 Financial Results
- Second Quarter Results In-Line with Previously Announced Expectations Transformative Electric Arc Furnace (EAF) Commissioning Activities Expected to Start on Schedule During the Fourth Quarter of Calendar 2024; Substantially all of Expected Project Budget Now Fully Contracted Change in Fiscal Year end from March 31 to December 31, beginning December 31, 2024 SAULT STE. MARIE, Ontario, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today announced results for its fiscal second quarter ended September 30, 2024.
- 11/06/2024
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Algoma Steel to Announce Fiscal 2025 Second Quarter Results November 6, 2024
- SAULT STE. MARIE, Ontario, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, announced today that the Company will release its fiscal 2025 second quarter financial results after the market closes on Wednesday, November 6, 2024. A webcast and conference call will be held on Thursday, November 7, 2024 at 11:00 a.m. Eastern Time to review the Company's results, discuss recent events, and conduct a question-and-answer session.
- 10/29/2024
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How Much Upside is Left in Legato Merger (ASTL)? Wall Street Analysts Think 57.8%
- The average of price targets set by Wall Street analysts indicates a potential upside of 57.8% in Legato Merger (ASTL). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
- 10/18/2024
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Algoma Steel Provides Fiscal Second Quarter 2025 Guidance
- SAULT STE. MARIE, Ontario, Sept. 26, 2024 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today provided guidance for its fiscal second quarter ending September 30, 2024. Unless otherwise specified, all amounts are in Canadian dollars.
- 09/26/2024
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Algoma Steel Announces Results of Voting at Annual Meeting of Shareholders
- SAULT STE. MARIE, Ontario, Sept. 24, 2024 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, announced today the results of voting at its virtual annual meeting of shareholders held on September 24, 2024 (the “Meeting”).
- 09/24/2024
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Algoma Steel Group to Participate in the Jefferies 2024 Industrials Conference
- SAULT STE. MARIE, Ontario, Sept. 03, 2024 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today announced that the Company will be participating in the Jefferies 2024 Industrials Conference on Wednesday, September 4 and Thursday, September 5, 2024. Prior to Algoma's attendance at this conference, the Company will post a copy of the presentation it will use in the Investors section of its website on ir.algoma.com.
- 09/03/2024
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Algoma Steel Group Announces Renewal of Normal Course Issuer Bid
- SAULT STE. MARIE, Ontario, Aug. 29, 2024 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, announced today that the Toronto Stock Exchange (the “TSX”) has approved the Company's intention to renew its normal course issuer bid (“NCIB”) for a portion of its common shares (“Shares”) and a portion of its warrants (“Warrants”) to purchase shares as appropriate opportunities arise from time to time. The Company believes that the market price of the Shares and Warrants may not, from time to time, fully reflect their value and accordingly the purchase of Shares and Warrants would be in the best interests of the Company and an attractive use of available funds."
- 08/29/2024
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Algoma Steel Applauds Approval of New 230kV Transmission Line in Sault Ste. Marie, Supporting Regional Growth and Green Steel Transition
- SAULT STE. MARIE, Ontario, Aug. 28, 2024 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today congratulates PUC (Transmission) LP (“PUC Transmission”) and Hydro One Sault Ste. Marie LP (“Hydro One”) on each obtaining authorization pursuant to the Ontario Energy Board Act to construct a new 230kV transmission line and related transformation components in Sault Ste. Marie. The combined local transmission project improves the city's access to Hydro One's planned regional grid infrastructure upgrade as previously prioritized by the Province of Ontario.
- 08/28/2024
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Algoma Steel Group Inc (ASTL) Q1 2025 Earnings Call Transcript
- Algoma Steel Group Inc (NASDAQ:ASTL ) Q1 2025 Results Conference Call August 14, 2024 11:00 AM ET Company Participants Michael Moraca - Treasurer & Investor Relations Officer Michael Garcia - CEO & Director Rajat Marwah - Chief Financial Officer Conference Call Participants David Ocampo - Cormark Securities Katja Jancic - BMO Capital Markets Ian Gillies - Stifel Operator Greetings, and welcome to the Algoma Steel Group Fiscal First Quarter 2025 Earnings Conference Call. At this time, all participants are in a listen-only mode.
- 08/14/2024
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Algoma Steel Group Reports Fiscal First Quarter 2025 Financial Results
- First Quarter Results In-Line with Previously Announced Outlook Completed Plate Mill Upgrade, Ramping Production Towards Expected Annual Run Rate Capacity of Over 650,000 NT Continued to Significantly De-risk Transformative Electric Arc Furnace Project as Construction Continues on Schedule Announces Intention to Relaunch Normal Course Issuer Bid SAULT STE. MARIE, Ontario, Aug. 13, 2024 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today announced results for its fiscal first quarter ended June 30, 2024.
- 08/13/2024
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Algoma Steel Issues 2024 ESG Annual Report
- SAULT STE. MARIE, Ontario, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today announced the publication of its second annual Environmental, Social, and Governance (“ESG”) report (the “Report”).
- 08/12/2024
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Algoma Steel to Announce Fiscal 2025 First Quarter Results August 13, 2024
- SAULT STE. MARIE, Ontario, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, announced today that the Company will release its fiscal 2025 first quarter financial results after the market closes on Tuesday, August 13, 2024. A webcast and conference call will be held on Wednesday, August 14, 2024 at 11:00 a.m. Eastern Time to review the Company's results, discuss recent events, and conduct a question-and-answer session.
- 08/06/2024
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Algoma Steel Group to Participate at the Stifel Canada's 3rd Annual Summer Solstice Conference
- SAULT STE. MARIE, Ontario, June 24, 2024 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today announced that the Company will participate at the Stifel Canada's 3rd Annual Summer Solstice Conference on Monday, June 24, 2024 to Wednesday, June 26, 2024 in Minett, Muskoka Lakes. Prior to Algoma's attendance at this conference, the Company will post a copy of the presentation in the Investors section of its website.
- 06/24/2024
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Algoma Steel Group Inc. (ASTL) Q4 2024 Earnings Call Transcript
- Algoma Steel Group Inc. (NASDAQ:ASTL ) Q4 2024 Earnings Conference Call June 21, 2024 11:00 AM ET Company Participants Michael Moraca - Vice President, Corporate Development and Treasurer Michael Garcia - Chief Executive Officer Rajat Marwah - Chief Financial Officer Conference Call Participants David Ocampo - Cormark Securities Ian Gillies - Stifel Katja Jancic - BMO Capital Markets Operator Greetings. Welcome to Algoma Steel Group Incorporated Full Year Fiscal 2024 Earnings Call.
- 06/21/2024
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Algoma Steel Group Reports Fiscal Fourth Quarter and Full Year 2024 Financial Results
- Fourth Quarter Results In-Line with Previously Announced Expectations Plate and Strip Operations Running at Planned Production Levels Reaffirmed Outlook on Transformative Electric Arc Furnace (EAF) Project Provides Outlook for Q1 Fiscal 2025 Further Strengthened Liquidity with US$350 Million Senior Secured Second Lien Note Financing SAULT STE. MARIE, Ontario, June 20, 2024 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today announced results for its fiscal fourth quarter and full year ended March 31, 2024.
- 06/20/2024
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Algoma Steel Appoints Erin Oliver as Vice President - Health and Safety
- SAULT STE. MARIE, June 11, 2024 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, announced today that it has appointed Erin Oliver in a newly created role of Vice President - Health and Safety. Erin will report to CEO Mike Garcia and sit on the Company's senior leadership team.
- 06/11/2024
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Algoma Steel to Announce Fiscal 2024 Fourth Quarter and Full Year Results June 20, 2024
- SAULT STE. MARIE, Ontario, June 06, 2024 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, announced today that the Company will release its fiscal 2024 fourth quarter and full year financial results after the market closes on Thursday, June 20, 2024. A webcast and conference call will be held on Friday, June 21, 2024 at 11:00 a.m. Eastern Time to review the Company's results, discuss recent events, and conduct a question-and-answer session.
- 06/06/2024
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Algoma Steel Inc. Announces Pricing of US$350 Million 9.125% Senior Secured Second Lien Notes due 2029
- SAULT STE. MARIE, Ontario, March 26, 2024 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma”), a fully integrated producer of hot and cold rolled steel products including sheet and plate, announced today that its indirect wholly-owned subsidiary, Algoma Steel Inc. (“ASI”), has priced its previously announced offering of US$350 million aggregate principal amount of 9.125% Senior Secured Second Lien Notes due 2029 (the “Notes”). The Notes will be issued at a price of 100% of their face amount, for gross proceeds of US$350 million, and will bear interest at the rate of 9.125% per year. The Notes will be guaranteed on a senior secured basis by ASI's immediate parent company and all of ASI's subsidiaries. ASI intends to use the net proceeds from the offering of the Notes for general corporate purposes, adding strength and flexibility to its balance sheet. The offering of the Notes is expected to close on or about April 5, 2024, subject to customary closing conditions.
- 03/26/2024
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CORRECTION: Dividend Payment Date Adjustment Due to Canadian Statutory Holiday
- SAULT STE. MARIE, Ontario, March 25, 2024 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today informs its shareholders of an adjustment to the previously announced dividend payment date in respect of the previously announced regularly scheduled dividend payable to holders of record of common shares of the Company as of the close of business on February 29, 2024. This adjustment is required due to the occurrence of a Canadian statutory holiday on the originally scheduled payment date.
- 03/25/2024
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Algoma Steel Provides Fiscal Fourth Quarter 2024 Guidance
- SAULT STE. MARIE, Ontario, March 25, 2024 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today provided guidance for its fiscal fourth quarter ending March 31, 2024. Unless otherwise specified, all amounts are in Canadian dollars.
- 03/25/2024
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Algoma Steel Group to Participate in the BMO 33rd Global Metals, Mining & Critical Minerals Conference
- SAULT STE. MARIE, Ontario, Feb. 26, 2024 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today announced that the Company is participating in the BMO 33rd Global Metals, Mining & Critical Minerals Conference on Monday, February 26, 2024 and Tuesday, February 27, 2024. Prior to Algoma's attendance at this conference, the Company will post a copy of the presentation it intends to use in the Investors section of its website.
- 02/26/2024
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Algoma Resumes Normal Steel Production
- SAULT STE. MARIE, Ontario, Feb. 14, 2024 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today advised the repair and restart of its blast furnace is complete and steel production resumed on Sunday, February 11, 2024.
- 02/14/2024
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Algoma Addresses Casthouse Incident
- Employees Discharged From Hospital and Timing of Blast Furnace Restart Remains On Track Employees Discharged From Hospital and Timing of Blast Furnace Restart Remains On Track
- 02/09/2024
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New Strong Sell Stocks for February 8th
- AIRI, ASTL and BX have been added to the Zacks Rank #5 (Strong Sell) List on February 8, 2023.
- 02/08/2024
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SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Algoma Steel Group Inc. - ASTL
- NEW YORK , Feb. 7, 2024 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Algoma Steel Group Inc. ("Algoma" or the "Company") (NASDAQ: ASTL). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext.
- 02/07/2024
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Algoma Steel Group Inc. (ASTL) Q3 2024 Earnings Call Transcript
- Algoma Steel Group Inc. (ASTL) Q3 2024 Earnings Call Transcript
- 02/07/2024
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Algoma Steel Group Reports Fiscal Third Quarter 2024 Financial Results
- Steel Shipments and Adjusted EBITDA In-line with Previously Announced Expectations Delivered Year-over-year Improvement Across Nearly All Metrics Provides Further Update on Coke-Making Utilities Structure Collapse Reiterated Outlook on Transformative EAF Project with $509.9 Million Invested to Date and 86% of Anticipated Costs Under Contract SAULT STE. MARIE, Ontario, Feb. 06, 2024 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today announced results for its fiscal third quarter ended December 31, 2023.
- 02/06/2024
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SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Algoma Steel Group Inc. - ASTL
- NEW YORK , Jan. 30, 2024 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Algoma Steel Group Inc. ("Algoma" or the "Company") (NASDAQ: ASTL). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext.
- 01/30/2024
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Algoma Steel to Announce Fiscal 2024 Third Quarter Results February 6, 2024
- SAULT STE. MARIE, Ontario, Jan. 29, 2024 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, announced today that the Company will release its fiscal 2024 third quarter financial results after the market closes on Tuesday, February 6, 2024. A webcast and conference call will be held on Wednesday, February 7, 2024 at 11:00 a.m. Eastern Time to review the Company's results, discuss recent events, and conduct a question-and-answer session.
- 01/29/2024
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New Strong Sell Stocks for January 26th
- AAP, ASTL and BANR have been added to the Zacks Rank #5 (Strong Sell) List on January 26, 2023.
- 01/26/2024
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Algoma Steel Provides Update on Incident at Coke-Making Plant
- SAULT STE. MARIE, Ontario, Jan. 23, 2024 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today provided an update further to the incident on Saturday, January 20 at its coke-making plant when a structure supporting utilities piping collapsed.
- 01/23/2024
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SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Algoma Steel Group Inc. - ASTL
- NEW YORK , Jan. 22, 2024 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Algoma Steel Group Inc. ("Algoma" or the "Company") (NASDAQ: ASTL). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext.
- 01/22/2024
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Algoma Steel Reports Incident at Coke-Making Plant
- SAULT STE. MARIE, Ontario, Jan. 20, 2024 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today announced that in the early hours of Saturday, January 20, 2024 there was a collapse of a structure supporting utilities piping at our coke-making plant. There have been no injuries and the Algoma team is managing the occurrence with the safety of our employees and the community as our highest priority.
- 01/20/2024
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Algoma Steel (ASTL) Provides Guidance for Fiscal Q3 Results
- Algoma Steel (ASTL) expects challenging third-quarter results due to soft demand, pricing issues from a UAW strike and seasonal maintenance.
- 01/04/2024
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Algoma Steel Provides Fiscal Third Quarter 2024 Guidance
- SAULT STE. MARIE, Ontario, Jan. 03, 2024 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today provided guidance for its fiscal third quarter ending December 31, 2023. Unless otherwise specified, all amounts are in Canadian dollars.
- 01/03/2024
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Algoma Steel Group Announces Director Retirement
- SAULT STE. MARIE, Ontario, Dec. 21, 2023 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today announced that Andrew Schultz is retiring from the board of directors effective December 31, 2023.
- 12/21/2023
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Algoma Steel Announces Retirement of Vice President - Sales
- SAULT STE. MARIE, Ontario, Nov. 23, 2023 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today announced its Vice President - Sales, Rory Brandow, has indicated his pending retirement effective December 1st, 2023. The Company has identified Chris Ford, Algoma's current Director - US Sales and Customer Service, to succeed Rory as Vice President - Commercial.
- 11/23/2023
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Algoma Steel: Solid Earnings Results And Increased Transparency
- Algoma Steel stock is undervalued due to its cost model and ongoing modernization efforts, which will expand production and lower costs. Earnings for the quarter were lower than expected due to UAW strikes and increased commodity input costs. Despite the mediocre earnings, Algoma Steel has made significant progress in de-risking its future prospects through plate mill modernization and the Electric Arc Furnace project.
- 11/23/2023
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Algoma: Mr. Market Continues To Offer This Stock At A Steep Discount
- Algoma Steel Group Inc. is a Canadian steel provider that meets the criteria of being oversold with compelling valuations and a robust balance sheet. The company's shares have been on a downward trend, but there is potential for support at the recent December lows, making it attractive to value investors. Algoma's valuation is significantly lower than the sector average, with cash flow, earnings, and sales all below industry standards.
- 10/25/2023
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Algoma Steel to Announce Fiscal 2024 Second Quarter Results November 2, 2023
- SAULT STE. MARIE, Ontario, Oct. 23, 2023 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, announced today that the Company will release its fiscal 2024 second quarter financial results after the market closes on Thursday, November 2, 2023. A webcast and conference call will be held on Friday, November 3, 2023 at 10:00 a.m. Eastern Time to review the Company's results, discuss recent events, and conduct a question-and-answer session.
- 10/23/2023
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Algoma Steel (ASTL) Extends Iron Ore Contract for EAF Transition
- Algoma Steel (ASTL) extends its iron ore purchase contract with U.S. Steel for two years, supporting its transition to electric arc furnace steelmaking and commitment to sustainable steel production.
- 10/04/2023
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Algoma Steel: Deeply Undervalued Steel Producer Undergoing A Radical Transformation
- Algoma Steel is transitioning to Electric Arc Furnace steel production, which will reduce maintenance costs, increase steel production, and improve margins. The company is undergoing a modernization project for its plate mill, which will double production capacity and generate incremental revenue and EBITDA. Algoma Steel has a strong financial position, with enough cash on hand to fund the remaining costs of the EAF project without relying on debt or cash flow.
- 09/25/2023
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Algoma Steel Group: Strong Prospect About To Get Cheaper
- This analysis issues a Hold recommendation rating for Algoma Steel Group Inc., a Canadian manufacturer and seller of steel products primarily for the US automotive, transportation, and infrastructure sectors. Algoma Steel Group Inc. is well positioned. As a result of its transformative growth plan, it aims to expand steel production and reduce carbon emissions. Shares are not expensive at all compared to growth prospects, but could become even cheaper soon.
- 08/17/2023
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Algoma Steel's (ASTL) Q1 Earnings and Revenues Decline Y/Y
- Algoma Steel's (ASTL) fiscal first-quarter earnings and revenues fall year over year. EAF project progresses.
- 08/14/2023
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Algoma Steel Group Inc. (ASTL) Q1 2024 Earnings Call Transcript
- Algoma Steel Group Inc. (NASDAQ:ASTL ) Q1 2024 Earnings Conference Call August 11, 2023 11:00 AM ET Company Participants Mike Moraca - Treasurer and IR Officer Michael Garcia - CEO Rajat Marwah - CFO Conference Call Participants Katja Jancic - BMO Capital Markets David Ocampo - Cormark Securities Ahmad Shaath - Beacon Securities Lucas Pipes - B. Riley Operator Hello, and welcome to today's conference call to discuss Algoma Steel's Fiscal First Quarter 2024 Financial Results.
- 08/12/2023
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Algoma Steel to Announce Fiscal 2024 First Quarter Results August 10, 2023
- SAULT STE. MARIE, Ontari, July 27, 2023 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, announced today that the Company will release its fiscal 2024 first quarter financial results after the market closes on Thursday, August 10, 2023. A webcast and conference call will be held on Friday, August 11, 2023 at 11:00 a.m. Eastern Time to review the Company's results, discuss recent events, and conduct a question-and-answer session.
- 07/27/2023
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7 Dying Stocks to Sell in July While You Still Can
- Some investments are better than others. And while it can be difficult for investors to admit they were wrong about a stock, there comes a time when everyone should cut their losses.
- 07/06/2023
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4 Top Steel Producer Stocks to Buy From a Promising Industry
- The automotive demand recovery, strength in non-residential construction and rebounding steel prices should enable the Zacks Steel Producers industry to thrive. CMC, TMST, ASTL and USAP are set to gain from favorable industry fundamentals.
- 06/23/2023
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Algoma Steel Group Inc. (ASTL) Q4 2023 Earnings Call Transcript
- Algoma Steel Group Inc. (NASDAQ:ASTL ) Q4 2023 Earnings Conference Call June 22, 2023 11:00 AM ET Company Participants Mike Moraca - Treasurer and Investor Relations Officer Michael Garcia - Chief Executive Officer Rajat Marwah - Chief Financial Officer Conference Call Participants Katja Jancic - BMO Capital Markets Ian Gillies - Stifel David Ocampo - Cormark Securities Ahmad Shaath - Beacon Securities Operator Hello. And welcome to today's Conference Call to discuss Algoma Steel's Fiscal Fourth Quarter and Full Year 2023 Financial Results.
- 06/22/2023
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Why Algoma Steel Stock Dropped Today
- Analysts were expecting Algoma to report a loss last night -- but not a loss as big as this one. On the plus side, the company beat sales expectations.
- 06/22/2023
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Algoma Steel Group Inc. (ASTL) Reports Q4 Loss, Tops Revenue Estimates
- Algoma Steel Group Inc. (ASTL) came out with a quarterly loss of $0.14 per share versus the Zacks Consensus Estimate of $0.01. This compares to earnings of $1.15 per share a year ago.
- 06/21/2023
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Algoma Steel to Announce Fiscal 2023 Fourth Quarter and Full Year Results June 21, 2023
- SAULT STE. MARIE, Ontario, June 06, 2023 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, announced today that the Company will release its fiscal 2023 fourth quarter and full year financial results after the market closes on Wednesday, June 21, 2023. A webcast and conference call will be held on Thursday, June 22, 2023, at 11:00 a.m. Eastern Time to review the Company's results, discuss recent events, and conduct a question-and-answer session.
- 06/06/2023
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The 7 Best Stocks Under $15 to Buy in June 2023
- As a rule of thumb, you want to buy quality names in the market, which admittedly rules out several ideas for best stocks under $15 for June. It's not that cheap securities don't exist.
- 06/01/2023
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Is Legato Merger (ASTL) a Great Value Stock Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 04/06/2023
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Algoma Steel: A Potential Winner For The Patient Investor
- Algoma Steel is on a transformative journey, transitioning from a blast furnace steel producer to one using the more modern, cost effective and environmentally cleaner EAF technology. ASTL stock seems to be trading at over a 40% discount to its intrinsic value, making it a great bargain. I assign it a “Buy” at the current price.
- 02/22/2023
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Algoma Steel Group Inc. (ASTL) Q3 2023 Earnings Call Transcript
- Algoma Steel Group Inc. (NASDAQ:ASTL ) Q3 2023 Earnings Conference Call February 14, 2023 11:00 AM ET Company Participants Mike Moraca - Treasurer and Investor Relations Officer Michael Garcia - Chief Executive Officer Rajat Marwah - Chief Financial Officer Conference Call Participants David Ocampo - Cormark Securities Ian Gillies - Stifel David Gagliano - BMO Capital Markets Anoop Prihar - Eight Capital Ahmad Shaath - Beacon Securities Operator Hello and welcome to today's Conference Call to discuss Algoma Steel's Fiscal Third Quarter 2023 Financial Results. My name is Shamali and I am your operator for today's call.
- 02/14/2023
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Algoma Steel Group Inc. (ASTL) Reports Q3 Loss, Tops Revenue Estimates
- Algoma Steel Group Inc. (ASTL) delivered earnings and revenue surprises of -46.88% and 16.90%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
- 02/13/2023
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Algoma Steel to Announce Fiscal 2023 Third Quarter Results February 13, 2023
- SAULT STE. MARIE, Ontario, Feb. 01, 2023 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, announced today that the Company will release its fiscal 2023 third quarter financial results after the market closes on Monday, February 13, 2023. A webcast and conference call will be held on Tuesday, February 14, 2023, at 11:00 a.m. Eastern Time to review the Company's results, discuss recent events, and conduct a question-and-answer session.
- 02/01/2023
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Are Investors Undervaluing Legato Merger (ASTL) Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 01/10/2023
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Algoma Steel: Macros Aside, Cannot Be Ignored At This Level
- Normalised FCF at C$100-120m which offer at least 50-60% upside to a patient investor. Not exactly a net cash balance sheet. EAF project debt is a hidden liability and should be taken into consideration.
- 12/14/2022
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These Are the Top Holdings of Randall Smith
- Randall Smith is a hedge fund manager and the founder and chief of investments of Alden Global Capital.
- 12/05/2022
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Algoma Steel Group Inc. (ASTL) Q2 2023 Earnings Call Transcript
- Algoma Steel Group Inc. (NASDAQ:ASTL ) Q2 2023 Earnings Conference Call November 8, 2022 11:00 AM ET Company Participants Michael Moraca - Treasurer and IR Officer Michael Garcia - CEO Rajat Marwah - CFO Conference Call Participants David Ocampo - Cormark Securities Anoop Prihar - Eight Capital Ian Gillies - Stifel Ahmad Shaath - Beacon Securities Alexander Jackson - RBC Operator Good day and welcome to today's conference call to discuss Algoma Steel's Fiscal Second Quarter 2023 Financial Results. My name is Latanya and I'm your operator for today's call.
- 11/11/2022
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Why Algoma Steel Stock Melted on Tuesday
- Algoma stock looks super cheap -- but could be a value trap in the making.
- 11/08/2022
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Algoma Steel Group Inc. (ASTL) Tops Q2 Earnings Estimates
- Algoma Steel Group Inc. (ASTL) delivered earnings and revenue surprises of 21.74% and 0.77%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?
- 11/07/2022
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Algoma Steel to Announce Fiscal 2023 Second Quarter Results November 7, 2022
- SAULT STE. MARIE, Ontario, Oct. 26, 2022 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, announced today that Algoma will release its fiscal 2023 second quarter financial results after the market closes on Monday, November 7, 2022. A webcast and conference call will be held on Tuesday, November 8, 2022 at 11:00 a.m. Eastern Time to review Algoma's results, discuss recent events, and conduct a question-and-answer session.
- 10/26/2022
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Algoma Steel: Location Can Make All The Difference Given Geopolitical Realities
- With a global economic slowdown becoming the most likely scenario going into next year, steel producers are not looking especially attractive. Thinking beyond the impending slowdown some steel producers, especially the ones located in North America are gaining an obvious geographical advantage over their European & Asian peers.
- 10/06/2022
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Why Algoma Steel Stock Melted Today
- Algoma Steel had labor issues as well as problems commissioning new equipment.
- 09/28/2022
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4 Stocks With Double-Digit Upside Potential in 2022
- In July, stocks delivered their best monthly performance since 2020 following an ugly first half of the year. After such a sharp move up, investors are on the lookout for stocks with more upside potential.
- 08/10/2022
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Why Fast-paced Mover Algoma Steel Group Inc. (ASTL) Is a Great Choice for Value Investors
- Algoma Steel Group Inc. (ASTL) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.
- 08/08/2022
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Algoma Steel Group Inc. (ASTL) CEO Michael Garcia on Q1 2023 Results - Earnings Call Transcript
- Algoma Steel Group Inc. (NASDAQ:ASTL ) Q1 2023 Earnings Conference Call August 4, 2022 11:00 AM ET Company Participants Michael Moraca - Treasurer and Investor Relations Officer Michael Garcia - Chief Executive Officer Rajat Marwah - Chief Financial Officer Conference Call Participants Dave Gagliano - BMO Capital David Ocampo - Cormark Securities Ahmad Shaath - Beacon Securities Ian Gillies - Stifel Anoop Prihar - Eight Capital Alexander Jackson - RBC Capital Markets Operator Good morning, ladies and gentlemen, and thank you for standing by. Welcome to Algoma Steel Fiscal First Quarter 2023 Conference Call.
- 08/05/2022
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Is Legato Merger (ASTL) Stock Undervalued Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 08/02/2022
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A Trio of Stocks With High Growth Potential
- Looking for U.S.-listed equities that have the characteristics listed below represents a solid starting point when screening the market for potential value opportunities:
- 07/24/2022
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Is Legato Merger (ASTL) a Great Value Stock Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 06/21/2022
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Algoma Steel: Superlatives Are Needed To Describe The Financial Performance
- Algoma Steel was trading at an EV/EBITDA ratio of 0.5 right before the earnings announcement. I have never seen anything like it. The company will spend US$400M on a Dutch auction stock buyback.
- 06/16/2022
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Algoma Steel Announces Massive Buyback, To Repurchase +30% In 30 Days
- Algoma Steel leans on its strong balance sheet and issues a Substantial Issuer Bid. This is a huge share repurchase program, where Algoma will look to repurchase $400 million worth of stock in the coming month.
- 06/16/2022
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Algoma Steel Group Inc.'s (ASTL) CEO Michael Garcia on Q4 2022 Results - Earnings Call Transcript
- Algoma Steel Group Inc. (NASDAQ:ASTL ) Q4 2022 Earnings Conference Call June 15, 2022 11:00 AM ET Company Representatives Michael McQuade - Former Chief Executive Officer, Current Board Member Michael Garcia - New Chief Executive Officer Rajat Marwah - Chief Financial Officer Michael Moraca - Treasurer, Investor Relations Officer Conference Call Participants David Gagliano - BMO Capital Markets David Ocampo - Cormark Securities Anoop Prihar - VIII Capital Ahmad Shaath - Beacon Securities Alexander Jackson - RBC Capital Markets Kirk Ludtke - Imperial Capital Operator Greetings! And welcome to Algoma Steel Group Inc.'s Fourth Quarter 2022 Earnings Conference Call.
- 06/15/2022
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Why Algoma Steel Stock Popped on Wednesday
- Algoma stock costs only two times earnings -- and just more than doubled its profits.
- 06/15/2022
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Why Shares Of Canadian Steel Company Algoma Are Soaring
- Algoma Steel Group Inc. (NASDAQ: ASTL) shares are trading higher after the company reported fourth-quarter sales results up from last year. Algoma Steel Group Reported fourth-quarter sales $941.8M CAD, up from $638.5M CAD year-over-year.
- 06/15/2022
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Algoma Steel to Announce Fiscal 2022 Fourth Quarter and Full Year Results June 14, 2022
- SAULT STE. MARIE, Ontario, June 01, 2022 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, announced today that the Company will release its fiscal 2022 fourth quarter and full year financial results after the market closes on Tuesday, June 14, 2022. A webcast and conference call will be held on Wednesday, June 15, 2022 at 11:00 a.m. Eastern Time to review the Company's results, discuss recent events, and conduct a question-and-answer session.
- 06/01/2022
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12 of Wall Street's Newest Dividend Stocks
- Skyrocketing inflation has spurred demand for investments that can keep pace with rising prices. This includes renewed interest in income-paying investments, including both old and new dividend stocks.
- 05/06/2022
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Algoma Steel Group Inc. (ASTL) CEO Michael McQuade on Q3 2022 Earnings Call Transcript
- Algoma Steel Group Inc. (ASTL) CEO Michael McQuade on Q3 2022 Earnings Call Transcript
- 02/11/2022
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Algoma Steel: Exceptional Steel Market Results In Record Performance
- Algoma Steel recently completed its going-public process but its share price did not participate in the red-hot steel market. The underlying results are exceptionally strong as the company generated more than C$2/share in free cash flow in the most recent quarter.
- 02/11/2022
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Algoma Steel Stock: Riding The Waves Of Higher Steel Demand
- Algoma Steel generated almost C$300M in net income and about C$273M in free cash flow in Q2, while the market cap is now less than C$2B. The free cash flow bonanza will likely continue for the next two quarters.
- 11/29/2021
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Algoma Steel: Best Value In The Sector
- Algoma Steel recently returned to the public markets via a SPAC transaction with Legato Merger Corp.
- 11/29/2021
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