ArcelorMittal S.A. press release ( MT ): Q4 Non-GAAP EPS of $0.86 beats by $0.31 . Revenue of $14.97B (+1.8% Y/Y) misses by $630M . Net cash provided by operating activities during 4Q 2025 amounted to $3.0 billion and includes a $2.4 billion release of working capital. Capex totalled $1.2 billion for 4Q 2025 (including $0.3 billion spent on strategic projects), resulting in free cash flow of $1.7 ...
ArcelorMittal S.A. press release ( MT ): Q4 Non-GAAP EPS of $0.86 beats by $0.31 . Revenue of $14.97B (+1.8% Y/Y) misses by $630M . Net cash provided by operating activities during 4Q 2025 amounted to $3.0 billion and includes a $2.4 billion release of working capital. Capex totalled $1.2 billion for 4Q 2025 (including $0.3 billion spent on strategic projects), resulting in free cash flow of $1.7 billion. Net debt declined to $7.9 billion as of December 31, 2025, as compared to $9.1 billion on September 30, 2025. Crude steel production reached 1.8Mt in 4Q 2025, an 8.5% increase compared with 1.7Mt in 3Q 2025. The Board proposes to increase the annual base dividend to shareholders to $0.60/sh in FY 2026 (from $0.55/sh in FY 2025), to be paid in four equal quarterly installments starting March 2026. The Company will continue to return a minimum of 50% of post-dividend free cash flow to shareholders via share buybacks. In 2025, the Company repurchased 8.8m shares for $262m, bringing the total reduction in the fully diluted share count to 38% since September 2020. Outlook: The company's capex in 2026 is projected to be within the range of $4.5-$5.0B. Demand expected to increase in 2026: The company expects world ex-China apparent steel demand to grow by +2% in FY 2026. The company forecasts steel production and shipments to increase across all regions in 2026 versus 2025. More on ArcelorMittal S.A. ArcelorMittal: Outperformance Confirmed 2025, 2026E Is Coming (Rating Downgrade) ArcelorMittal S.A. 2025 Q3 - Results - Earnings Call Presentation ArcelorMittal S.A. (MT) Q3 2025 Earnings Call Transcript ArcelorMittal S.A. Q4 2025 Earnings Preview Slapped with €7B lawsuit from Italian steel firm, ArcelorMittal hits back with €1.8B claim
(RTTNews) - Amended: corrects to compare results with last year, instead of quarter-on-quarter ArcelorMittal SA (MT) announced earnings for fourth quarter, compared to a loss last year. The company's bottom line came in at $177 million, or $0.23 per share. This compares with loss of $390 million, or $0.51 per share, last year. Excluding items, ArcelorMittal SA reported adjusted earnings of $654 mi...
(RTTNews) - Amended: corrects to compare results with last year, instead of quarter-on-quarter ArcelorMittal SA (MT) announced earnings for fourth quarter, compared to a loss last year. The company's bottom line came in at $177 million, or $0.23 per share. This compares with loss of $390 million, or $0.51 per share, last year. Excluding items, ArcelorMittal SA reported adjusted earnings of $654 million or $0.86 per share for the period. The company's revenue for the period grew to $14.971 billion from $14.714 billion last year. ArcelorMittal SA earnings at a glance (GAAP) : -Earnings: $177 Mln. vs. loss of $390 Mln. last year. -EPS: $0.23 vs. loss of $0.51 last year. -Revenue: $14.971 Bln vs. $14.714 Bln last year. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
koto_feja/iStock via Getty Images The macro environment continues to favor investing in REITs. Interest rates remain stable or falling. The Fed held rates unchanged recently, as expected by 76% of investors, but looking ahead, two-thirds of all investors expect at least two rate cuts by December, resulting in a Fed Funds rate of 3.25% or lower. iREIT+Hoya Capital The average REIT is currently yiel...
koto_feja/iStock via Getty Images The macro environment continues to favor investing in REITs. Interest rates remain stable or falling. The Fed held rates unchanged recently, as expected by 76% of investors, but looking ahead, two-thirds of all investors expect at least two rate cuts by December, resulting in a Fed Funds rate of 3.25% or lower. iREIT+Hoya Capital The average REIT is currently yielding 3.92%, which is highly competitive with the current "no-risk" rate. The 10-year treasury yield currently stands at about 4.25%, and the 2-year yield is about 3.6%. The lower rates fall, the more competitive REIT yields become. Over the past 30 days, REIT analyst upgrades have slightly outnumbered downgrades, by 40 to 35, according to my unofficial count. Real estate outperformed stocks in January, with the S&P 500 Real Estate Index gaining 2.89%, compared to 0.89% for the S&P 500 as a whole. As noted in a recent article , real construction spending on commercial properties has seen its steepest decline since the Great Financial Crisis, pulling back roughly 5% this year. Meanwhile demand, as measured by Real Gross Domestic Product, remains healthy, increasing about 8% over the past 24 months. Conservative investors can beat inflation now by investing in safe, high-yield REITs with strong balance sheets and stable or growing revenues. Meet the company CubeSmart ( CUBE ) is just such a company. In November I named this company a Buried Treasure , and it has gained 3.5% in share price since publication. CubeSmart is headquartered in Malvern, Pennsylvania, and has been in operation since 2004, when it was originally known as U-Store-It Trust. The company owns over 1500 iconic properties, totaling a little over 48 msf (million square feet). CUBE investor presentation The company owns facilities in 24 U.S. states and manages facilities in 16 others. These facilities are located in the most densely populated and affluent locations of any of the storage REITs. CUBE provides thi...
Hong Kong and mainland Chinese authorities have arrested 119 people linked to a HK$20 million (US$2.6 million) racket that forged and distributed identity cards and arranged accommodation for cross-border recruits to obtain jobs illegally in the city – the largest sum recorded in such a case to date. The Immigration Department said on Thursday that the cross-boundary sting, code-named “Operation S...
Hong Kong and mainland Chinese authorities have arrested 119 people linked to a HK$20 million (US$2.6 million) racket that forged and distributed identity cards and arranged accommodation for cross-border recruits to obtain jobs illegally in the city – the largest sum recorded in such a case to date. The Immigration Department said on Thursday that the cross-boundary sting, code-named “Operation Sharpspear”, was carried out between October and January in collaboration with Guangdong and Zhuhai authorities. Tang Ka-fai, senior principal immigration officer of enforcement at the department, said the local authority would follow up on 102 of the suspects. Advertisement “We will continue to step up inspections regarding illegal workers… to safeguard the employment opportunities of local workers and maintain social order,” he said. During the operation, about 40 fake Hong Kong identity cards and 24 photocopies were seized. The syndicate charged around HK$3,200 for each forged identity card. Advertisement Those arrested included illegal workers and employers, along with a syndicate mastermind and an accomplice. The group had been active for about a year.
On the eve of the Six Nations, Ireland captain Caelan Doris used an amusing analogy to describe the world's best player and highlight one of the myriad of challenges facing his side in Thursday's Stade de France tournament opener. Asked about returning France captain Antoine Dupont, Doris described the famously elusive scrum-half as "one of those little fish you try to touch and they dart away fro...
On the eve of the Six Nations, Ireland captain Caelan Doris used an amusing analogy to describe the world's best player and highlight one of the myriad of challenges facing his side in Thursday's Stade de France tournament opener. Asked about returning France captain Antoine Dupont, Doris described the famously elusive scrum-half as "one of those little fish you try to touch and they dart away from you". "He's done me several times," admitted Doris. "I can think of one particular instance in 2023 where I feel I have him coming up one side of the breakdown and then he twirls and goes around me and beats three defenders on the other side." Doris and Ireland can only hope that Dupont, back from a spell on the sidelines caused by a collision with Irish players last year, isn't so slippery on Thursday. The Toulouse star is the heartbeat of a French attack that could dent Ireland's title hopes again. In Dublin last year, not even Dupont's withdrawal after 30 minutes could stop a rampant French side from ripping Ireland to shreds with 34 unanswered second-half points. It was a haunting afternoon for those in green, and even though Doris carefully sidestepped a question about seeking "revenge", Ireland's pre-tournament headaches would make victory in Paris one of the more unlikely achievements under head coach Andy Farrell.
Amazon.com, Inc. (NASDAQ: AMZN) shares closed at $232.99, down by 2.36%, before edging lower to $232.82 in after-hours trading, a further 0.07% decline ahead of the Q4 earnings report. However, despite cautious positioning by investors, Wall Street analysts are expecting another blockbuster quarter that could formally push the e-commerce and cloud giant past the $700 billion annual revenue thresho...
Amazon.com, Inc. (NASDAQ: AMZN) shares closed at $232.99, down by 2.36%, before edging lower to $232.82 in after-hours trading, a further 0.07% decline ahead of the Q4 earnings report. However, despite cautious positioning by investors, Wall Street analysts are expecting another blockbuster quarter that could formally push the e-commerce and cloud giant past the $700 billion annual revenue threshold, a milestone that underscores its scale, diversification, and growing dominance across retail, cloud computing, and digital advertising. According to the official announcement, the conference call to discuss fourth quarter 2025 financial results will be held later today at 2:00 p.m. PT/5:00 p.m. ET. Consensus estimates suggest Amazon will report Q4 2025 revenue between $211.3 billion and $211.6 billion, representing roughly 13% year-over-year growth. Earnings per share are expected to land in the $1.97 to $1.98 range, a key benchmark investors are using to assess how effectively Amazon is balancing aggressive artificial intelligence investment with profitability discipline. Amazon’s retail segment is defined by a strategic shift from high-volume expansion to logistics regionalization, which has successfully lowered the “cost to serve” across its U.S. hubs. At the same time, the market anticipates record Q4 retail revenue between $127B and $130B in North America alone, driven by a record 13 billion items delivered in 2025. However, the company is also facing mounting competitive pressure from discount giants like Temu and Shein. AWS Remains in Focus As AI Demand Accelerates At the heart of today’s earnings narrative is Amazon Web Services (AWS), which remains Amazon’s most strategically important and profitable business unit. AWS revenue is projected at $35.02 billion, with management targeting a 21% to 23% growth rate as enterprise customers accelerate AI workloads. Investor focus is firmly on AWS’s role in generative AI infrastructure, particularly the deployment of mor...