Press Release: Stelco Holdings Inc. Reports Fourth Quarter and Full Year 2023 Results

Dow Jones02-22

   Other costs (2)          2           3           11            15 
   Transaction-based 
    and other 
    corporate-related 
    costs                   5           2            8             4 
   Gain on sale of land 
    and buildings          --          --           --          (260) 
-----------------------   ---  ----   ---  -----   ---  ----   ----- 
Adjusted EBITDA          $ 51        $ 82         $484        $1,193 
-----------------------   ---  ----   ---  -----   ---  ----   -----  --- 
 
Adjusted EBITDA as a 
 percentage of total 
 revenue                    8%         12%          17%           34% 
-----------------------   ---   ---   ---   ----   ---   ---   ----- 
1. Share-based compensation consists of costs connected with the 
Company's Total Shareholder Return Based Incentive Program and other 
share-based compensation plans. 
2. Other costs includes the write-down of certain capital projects that 
are no longer being pursued by the Company, representing aborted 
construction in progress costs without future benefit to Stelco, as well 
as demolition and other costs not connected to the Company's ongoing 
steelmaking operations.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240221801248/en/

 
    CONTACT:    For Further Information

For investor enquiries: Paul D. Scherzer, Chief Financial Officer, 905-577-4432, paul.scherzer@stelco.com

For media enquiries: Trevor Harris, Vice-President, Corporate Affairs, 905-577-4447, trevor.harris@stelco.com

(END) Dow Jones Newswires

February 21, 2024 17:35 ET (22:35 GMT)

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Reports Fourth Quarter and Full Year 2023 Results","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n   Other costs (2)          2           3           11            15 \n   Transaction-based \n    and other \n    corporate-related \n    costs                   5           2            8             4 \n   Gain on sale of land \n    and buildings          --          --           --          (260) \n-----------------------   ---  ----   ---  -----   ---  ----   ----- \nAdjusted EBITDA          $ 51        $ 82         $484        $1,193 \n-----------------------   ---  ----   ---  -----   ---  ----   -----  --- \n \nAdjusted EBITDA as a \n percentage of total \n revenue                    8%         12%          17%           34% \n-----------------------   ---   ---   ---   ----   ---   ---   ----- \n1. Share-based compensation consists of costs connected with the \nCompany's Total Shareholder Return Based Incentive Program and other \nshare-based compensation plans. \n2. Other costs includes the write-down of certain capital projects that \nare no longer being pursued by the Company, representing aborted \nconstruction in progress costs without future benefit to Stelco, as well \nas demolition and other costs not connected to the Company's ongoing \nsteelmaking operations. \n \n</pre>\n<p>\n  View source version on businesswire.com: https://www.businesswire.com/news/home/20240221801248/en/ \n</p>\n<pre>\n \n    CONTACT:    For Further Information \n</pre>\n<p>\n  For investor enquiries: Paul D. 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Stelco Holdings Inc. , , a low cost, integrated and independent steelmaker with one of the newest and most technologically advanced integrated steelmaking facilities in North America, today announced financial results of the Company for the three months and year ended December 31, 2023. 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Scherzer, Chief Financial Officer, 905-577-4432, paul.scherzer@stelco.com \n\n\n  For media enquiries: Trevor Harris, Vice-President, Corporate Affairs, 905-577-4447, trevor.harris@stelco.com \n\n\n \n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 21, 2024 17:35 ET (22:35 GMT)","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2413005374"}