Algoma to Announce Q1 2025 Financial Results

Strong First Quarter Performance

Algoma Steel Group Inc. (ASTL) is set to release its First Quarter Fiscal 2025 Financial Results on June 6, 2024. The company, a key supplier of steel products in North America, expects to report strong results, driven by increased demand and operational efficiencies.

Financial Highlights

Analysts expect Algoma to report earnings per share (EPS) of -0.09, beating consensus estimates by 0.09. Revenue is projected to reach $650.5 million, reflecting a significant increase compared to the same period last year.

The company's cost of steel revenue, including wages and benefits, is estimated to have decreased during the three-month period ended June 30, 2024.