ArcelorMittal S.A. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
July 28, 2022 at 01:00 am
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ArcelorMittal S.A. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was USD 22,142 million compared to USD 19,343 million a year ago. Net income was USD 3,923 million compared to USD 4,005 million a year ago. Basic earnings per share from continuing operations was USD 4.25 compared to USD 3.47 a year ago. Diluted earnings per share from continuing operations was USD 4.24 compared to USD 3.46 a year ago.
For the six months, sales was USD 43,978 million compared to USD 35,536 million a year ago. Net income was USD 8,048 million compared to USD 6,290 million a year ago. Basic earnings per share from continuing operations was USD 8.53 compared to USD 5.4 a year ago. Diluted earnings per share from continuing operations was USD 8.51 compared to USD 5.39 a year ago.
ArcelorMittal is No. 1 worldwide for steelmaking. Net sales break down by activity as follows:
- sale of carbon flat steel (56.6%): spools of hot and cold rolled laminated steel, coated sheets, etc.;
- sale of carbon long steel (20.7%): I-beams, concrete rounds, merchant steels, machine wire, saw wire, steel pilings, mass transit rails, special profiles, and wire drawing products;
- sale of tubular products (3.2%);
- sale of iron ore and coal (1.8%);
- other (17.7%): primarily steel processing, distribution and trading.
The group's products are primarily intended for the following sectors: automotive, household appliances, packaging and construction.
Net sales are distributed geographically as follows: Germany (9.6%), Poland (6.5%), France (6.8%), Spain (5.8%), Europe (23.7%), United States (13%), Americas ( 25.4%), Asia and Africa (9.2%).