Algoma Steel surpassed Q2 expectations with $0.07 EPS, $460.35M revenue, and declared a $0.05/share dividend.
Algoma Steel Group (NASDAQ: ASTL) beat Q2 expectations with EPS of $0.07, up from $0.14 previous year, and a $460.35M revenue, higher than the $439.82M estimate. ROE was 6.97% and net margin 3.81%. The company declared a $0.05/share quarterly dividend, offering 2.86% yield and 64.52% payout ratio. Headquartered in Canada, Algoma Steel provides flat/sheet steel products for auto and construction sectors.
June 24, 2024
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