Ternium S.A. (NYSE:TX) Q2 2023 Earnings Conference Call August 2, 2023 8:30 AM ET
Company Participants
Sebastian Marti - Investor Relations
Maximo Vedoya - Chief Executive Officer
Pablo Brizzio - Chief Financial Officer
Conference Call Participants
Carlos De Alba - Morgan Stanley
Thiago Lofiego - Bradesco
Timna Tanners - Wolfe Research
Caio Ribeiro - Bank of America
Leonardo Correa - BTG
Jonathan Brandt - HSBC
Operator
Ladies and gentlemen, thank you for standing by. My name is Brent, and I will be your operator today. At this time, I would now like to welcome everyone to the Ternium Second Quarter 2023 Results Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. [Operator Instructions] Thank you.
It is now my pleasure to turn today's call over to Sebastian Marti. Please go ahead.
Sebastian Marti
Good morning. Thank you for joining us today. My name is Sebastian Marti and I am Ternium's Global IR and Compliance Senior Director.
Ternium released yesterday its financial results for the second quarter and first half of 2023. This call is complementary to that presentation.
Joining me today are Ternium's Chief Executive Officer, Maximo Vedoya; and the company's Chief Financial Officer, Pablo Brizzio, who will discuss Ternium's business environment and performance. After the conclusion of our prepared remarks, there will be a Q&A session.
Before we begin, I would like to remind you that this conference call contains forward-looking information and that actual results may vary from those expressed or implied. Factors that could affect results are contained in our filings with the Securities and Exchange Commission and on page two, in today's webcast presentation. You will also find any reference to non-IFRS financial measures reconciled to the most directly comparable IFRS measures in the press release issued yesterday.
With that, I'll turn the call over to Mr. Vedoya.
Maximo Vedoya
Thank you, Sebastian. Good morning and thank you all for participating in our conference call. In this quarter, we reported a strong set of results with adjusted EBITDA of $883 million, equivalent to a margin of 23%. We also announced the location of Ternium's new upstream mill in our Pesqueria industrial center in Mexico, completing the integration of our facility in the country. And finally, we completed the acquisition of additional shares in the control group of Usiminas, a change that enable us to have a more direct involvement in the company's management and the implementation of its strategy.