Thursday, July 28, 2016

ArcelorMittal Q2 Profit Rises; Sales Down 12.7% - Quick Facts

ArcelorMittal (MT), the world's leading integrated steel and mining company, reported second-quarter net income to equity holders of the parent of $1.11 billion, including one-time $0.8 billion gain from employee benefits at ArcelorMittal US, compared to profit of $179 million, last year. Earnings per share was $0.38 compared to $0.10. Operating income was $1.87 billion compared to $579 million, a year ago. EBITDA was $1.8 billion, 26.5% higher year-over-year.

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