(RTTNews) - ArcelorMittal (MT) reported that its third quarter net income attributable to equity holders of the parent increased to $377 million from $287 million, prior year. Basic earnings per common share was $0.50 compared to $0.37. EBITDA was $1.51 billion compared to $1.58 billion. Adjusted net income attributable to equity holders of the parent declined to $474 million from $488 million. Adjusted basic earnings per common share was $0.62 compared to $0.63. Third quarter sales were $15.66 billion compared to $15.20 billion, last year.
The Group stated that its high return strategic growth projects, together with the impact of recent M&A, are expected to increase future EBITDA potential by $2.1 billion including $0.7 billion and $0.8 billion targeted in 2025 and 2026, respectively.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
