Algoma Steel Group (ASTL) said late Thursday it expects fiscal Q2 adjusted earnings before interest, taxes, depreciation and amortization of between 5 million Canadian dollars ($3.7 million) and negative CA$5 million.
The company said the guidance includes the initial recovery of insurance proceeds estimated at about $20 million.
Algoma Steel expects steel shipments of 510,000 tons to 520,000 tons in fiscal Q2, it said.
Price: 10.39, Change: +0.09, Percent Change: +0.87
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments