Ternium Argentina S.A. (BCBA: TXAR)

Ternium Argentina Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	1,517,973	983,504	500,751	327,538	131,830	107,155
Revenue Growth (YoY)	131.96%	96.41%	52.88%	148.45%	23.03%	-5.65%
Cost of Revenue	1,151,911	660,859	341,095	213,510	97,977	87,198
Gross Profit	366,062	322,645	159,656	114,028	33,853	19,957
Selling, General & Admin	101,966	57,584	27,297	15,797	9,091	8,300
Other Operating Expenses	43,053	25,571	13,432	9,094	4,381	3,654
Operating Expenses	145,019	83,155	40,729	24,891	13,472	11,954
Operating Income	221,043	239,490	118,927	89,137	20,381	8,003
Interest Expense	-11,979	-2,456	-1,460	-535	-599	-878.4
Interest & Investment Income	53,717	17,121	3,906	4,954	1,891	405.83
Earnings From Equity Investments	87,233	54,634	-2,187	67,307	6,194	6,110
Currency Exchange Gain (Loss)	88,889	82,879	-18,354	-3,326	-2,038	-6,776
Other Non Operating Income (Expenses)	-1,690	-990	-1,293	-961	-299	7,079
EBT Excluding Unusual Items	437,213	390,678	99,539	156,576	25,530	13,944
Gain (Loss) on Sale of Investments	-26,435	5,700	22,846	7,257	951	-
Gain (Loss) on Sale of Assets	164	164	221	192	34	-41.93
Legal Settlements	-187,961	-1,245	-447	-349	-50	-105.6
Pretax Income	222,981	395,297	122,159	163,676	26,465	13,797
Income Tax Expense	191,182	331,294	38,849	28,683	7,599	2,700
Earnings From Continuing Operations	31,799	64,003	83,310	134,993	18,866	11,097
Minority Interest in Earnings	8	-	-	-	-	-0.03
Net Income	31,807	64,003	83,310	134,993	18,866	11,097
Net Income to Common	31,807	64,003	83,310	134,993	18,866	11,097
Net Income Growth	-73.65%	-23.17%	-38.29%	615.54%	70.01%	-45.63%
Shares Outstanding (Basic)	4,517	4,517	4,517	4,517	4,517	4,517
Shares Outstanding (Diluted)	4,517	4,517	4,517	4,517	4,517	4,517
EPS (Basic)	7.04	14.17	18.44	29.88	4.18	2.46
EPS (Diluted)	7.04	14.17	18.44	29.88	4.18	2.46
EPS Growth	-73.65%	-23.17%	-38.29%	615.54%	70.01%	-45.63%
Free Cash Flow	-56,140	279,764	116,218	56,927	31,164	15,661
Free Cash Flow Per Share	-12.43	61.93	25.73	12.60	6.90	3.47
Dividend Per Share	-	-	30.190	8.690	-	-
Dividend Growth	-	-	247.41%	-	-	-
Gross Margin	24.12%	32.81%	31.88%	34.81%	25.68%	18.62%
Operating Margin	14.56%	24.35%	23.75%	27.21%	15.46%	7.47%
Profit Margin	2.10%	6.51%	16.64%	41.21%	14.31%	10.36%
Free Cash Flow Margin	-3.70%	28.45%	23.21%	17.38%	23.64%	14.62%
EBITDA	276,096	268,512	132,902	98,951	27,869	14,326
EBITDA Margin	18.19%	27.30%	26.54%	30.21%	21.14%	13.37%
D&A For EBITDA	55,053	29,022	13,975	9,814	7,488	6,323
EBIT	221,043	239,490	118,927	89,137	20,381	8,003
EBIT Margin	14.56%	24.35%	23.75%	27.21%	15.46%	7.47%
Effective Tax Rate	85.74%	83.81%	31.80%	17.52%	28.71%	19.57%
Advertising Expenses	-	453	154	74	51	55.36

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