ArcelorMittal SA Reports Fourth Quarter Fiscal Year 2022 Earnings Results on December 31, 2022.
February 21, 2023
Earnings Overview
ARCELORMITTAL ($BER:ARRJ): ArcelorMittal SA reported an earnings decline for the fourth quarter of the fiscal year 2022, ending February 9, 2023, with total revenue of USD 0.3 billion, a 93.6% decrease from the previous year, and net income of USD 16.9 billion, an 18.8% drop compared to the same period the year before. The figures were reported on December 31, 2022.
Share Price
On Thursday, December 31, 2022, ArcelorMittal SA reported its fourth quarter fiscal year 2022 earnings results. Though the company did not release the exact economic figures for the quarter, it did provide some details about the performance of the company. The company attributed the decrease in income to unfavorable market conditions and higher costs associated with raw materials. In addition to reporting on the fourth quarter’s earnings, ArcelorMittal SA also discussed some of its plans for the following quarters. The company confirmed that it would continue to focus on cost reduction initiatives and increasing operational efficiency in order to sustain its profitability in the long-term.
Further, the company expressed its commitment to continuing its investment in R&D in order to remain at the cutting edge of technology in the industry. Overall, ArcelorMittal SA reported mixed results in the fourth quarter of 2022, with revenues and operating income both seeing a slight decrease. It remains to be seen whether the company will be able to sustain this performance through future quarters as it continues its efforts to increase efficiency and invest in R&D. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Arcelormittal Sa. More…
| Total Revenues | Net Income | Net Margin |
| 79.84k | 9.3k | 11.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Arcelormittal Sa. More…
| Operations | Investing | Financing |
| 10.2k | -4.48k | -477 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Arcelormittal Sa. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 94.55k | 38.96k | 66.03 |
Key Ratios Snapshot
Some of the financial key ratios for Arcelormittal Sa are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 4.2% | 37.4% | 14.4% |
| FCF Margin | ROE | ROA |
| 8.4% | 13.7% | 7.6% |
Analysis
At GoodWhale, we conducted an in-depth analysis of ARCELORMITTAL SA‘s wellbeing. We evaluated and scored the company’s financial and business aspects to determine the level of risk associated with investing in it. Our Risk Rating concluded that ARCELORMITTAL SA is a medium risk investment. Upon further examination, we detected two potential risk warnings in the company’s income sheet and balance sheet. If you’re interested in learning more information, you can register with us to access our deeper analysis and report. We believe that by educating yourself on ARCELORMITTAL SA’s risks, you’ll be better equipped to make informed decisions as an investor. More…
Summary
Analysts are divided on investing in ArcelorMittal SA for the upcoming quarter, following their Q4 earnings report for FY 2022. The company reported total revenue of USD 0.3 billion, a significant 93.6% decrease from the prior year due to difficult market conditions.
Additionally, net income fell 18.8% from the prior year. On one hand, the report highlights that ArcelorMittal SA is vulnerable to market fluctuations and has not recovered as expected; however, on the other hand, the decrease in net income may prove to be temporary and there may be potential long-term value in the stock. Investors must evaluate whether ArcelorMittal SA is a good fit for their portfolio, given the current market conditions.
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