ArcelorMittal (NYSE:MT): Q4 GAAP EPS of $1.00 beats by $0.63.
Adjusted net income of $224M.
Revenue of $14.18B (-8.6% Y/Y) misses by $1.98B.
EBITDA $1.73B, estimate $1.49B.
Total steel shipments were 17.3Mt, -1% Q/Q.
The
Board recommends a $0.30/share base dividend be paid in June 2021, and
has approved a $570M share buyback program to be completed in 2021.
The
company recorded $1.3B as exceptional items in Q4, related to gain on
the sale of ArcelorMittal USA offset by charges related to the closure
of the steel shop and blast furnace at Krakow.
