Ternium Argentina Income Statement

Financials in millions ARS. Fiscal year is January - December.

Millions ARS. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	2018 - 2014
Period Ending	Sep '24 Sep 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	2018 - 2014
Revenue	1,830,461	983,504	500,751	327,538	131,830	107,155	Upgrade
Revenue Growth (YoY)	129.24%	96.41%	52.88%	148.45%	23.03%	-5.65%	Upgrade
Cost of Revenue	1,457,893	660,859	341,095	213,510	97,977	87,198	Upgrade
Gross Profit	372,568	322,645	159,656	114,028	33,853	19,957	Upgrade
Selling, General & Admin	130,023	57,584	27,297	15,797	9,091	8,300	Upgrade
Other Operating Expenses	50,956	25,571	13,432	9,094	4,381	3,654	Upgrade
Operating Expenses	180,979	83,155	40,729	24,891	13,472	11,954	Upgrade
Operating Income	191,589	239,490	118,927	89,137	20,381	8,003	Upgrade
Interest Expense	-25,995	-2,456	-1,460	-535	-599	-878.4	Upgrade
Interest & Investment Income	72,405	17,121	3,906	4,954	1,891	405.83	Upgrade
Earnings From Equity Investments	65,030	54,634	-2,187	67,307	6,194	6,110	Upgrade
Currency Exchange Gain (Loss)	89,159	82,879	-18,354	-3,326	-2,038	-6,776	Upgrade
Other Non Operating Income (Expenses)	4,347	-990	-1,293	-961	-299	7,079	Upgrade
EBT Excluding Unusual Items	396,535	390,678	99,539	156,576	25,530	13,944	Upgrade
Gain (Loss) on Sale of Investments	-43,265	5,700	22,846	7,257	951	-	Upgrade
Gain (Loss) on Sale of Assets	164	164	221	192	34	-41.93	Upgrade
Legal Settlements	-195,816	-1,245	-447	-349	-50	-105.6	Upgrade
Pretax Income	157,618	395,297	122,159	163,676	26,465	13,797	Upgrade
Income Tax Expense	138,906	331,294	38,849	28,683	7,599	2,700	Upgrade
Earnings From Continuing Operations	18,712	64,003	83,310	134,993	18,866	11,097	Upgrade
Minority Interest in Earnings	8	-	-	-	-	-0.03	Upgrade
Net Income	18,720	64,003	83,310	134,993	18,866	11,097	Upgrade
Net Income to Common	18,720	64,003	83,310	134,993	18,866	11,097	Upgrade
Net Income Growth	-84.97%	-23.17%	-38.29%	615.54%	70.01%	-45.63%	Upgrade
Shares Outstanding (Basic)	4,517	4,517	4,517	4,517	4,517	4,517	Upgrade
Shares Outstanding (Diluted)	4,517	4,517	4,517	4,517	4,517	4,517	Upgrade
EPS (Basic)	4.14	14.17	18.44	29.88	4.18	2.46	Upgrade
EPS (Diluted)	4.14	14.17	18.44	29.88	4.18	2.46	Upgrade
EPS Growth	-84.97%	-23.17%	-38.29%	615.54%	70.01%	-45.63%	Upgrade
Free Cash Flow	-180,951	279,764	116,218	56,927	31,164	15,661	Upgrade
Free Cash Flow Per Share	-40.06	61.93	25.73	12.60	6.90	3.47	Upgrade
Dividend Per Share	-	-	30.190	8.690	-	-	Upgrade
Dividend Growth	-	-	247.41%	-	-	-	Upgrade
Gross Margin	20.35%	32.81%	31.88%	34.81%	25.68%	18.62%	Upgrade
Operating Margin	10.47%	24.35%	23.75%	27.21%	15.46%	7.47%	Upgrade
Profit Margin	1.02%	6.51%	16.64%	41.21%	14.31%	10.36%	Upgrade
Free Cash Flow Margin	-9.89%	28.45%	23.21%	17.38%	23.64%	14.62%	Upgrade
EBITDA	260,237	268,512	132,902	98,951	27,869	14,326	Upgrade
EBITDA Margin	14.22%	27.30%	26.54%	30.21%	21.14%	13.37%	Upgrade
D&A For EBITDA	68,648	29,022	13,975	9,814	7,488	6,323	Upgrade
EBIT	191,589	239,490	118,927	89,137	20,381	8,003	Upgrade
EBIT Margin	10.47%	24.35%	23.75%	27.21%	15.46%	7.47%	Upgrade
Effective Tax Rate	88.13%	83.81%	31.80%	17.52%	28.71%	19.57%	Upgrade
Advertising Expenses	-	453	154	74	51	55.36	Upgrade

Source: S&P Capital IQ. Standard template. Financial Sources.