On February 19, 2019, Stelco Holdings (TSX: STLC) announced its financial results and they were impressive in light of the US steel tariff headwinds. Revenue came in at $648 million and the adjusted EBITDA came in at $145 million and there was $23 million negative impact from tariffs. STLC also announced 22% EBITDA margins which is best in class, when compared to the whole North American steel industry.
By Charles Marleau, CIM & Joany Pagé, CFA
By Hubert Marleau
by Robert Mendel
By William Mitchell