Usinas Siderúrgicas de Minas Gerais S.A. (USIM5) Earnings Call Transcripts

Usinas Siderúrgicas de Minas Gerais S.A.'s Latest Earnings Call - Q1 FY2026

In the first quarter of 2026, Usinas Siderúrgicas de Minas Gerais S.A. (USIM5:BR) reported a consolidated EBITDA of BRL 653 million, reflecting a significant growth of 56% from the previous quarter. However, steel sales volume decreased by 7% due to strategic prioritization and adverse weather conditions impacting production. Management has indicated a challenging outlook for the upcoming quarters, particularly due to rising costs from the Iran conflict, yet expects stable consolidated results moving forward.

Reported metrics

Guidance from management

Management expects stable consolidated results for the upcoming quarters, with sales volumes anticipated to recover despite rising costs. They emphasized the importance of monitoring cost pressures and market dynamics closely.

What management said

Thank you very much for the question. In relation to the inputs for the next quarter, all raw materials will have an increase. We have already been seeing in slabs and this has no impact in the previous quarter due to the timing considering the moment when the slabs were purchased, but there will be an impact for the next quarter. And we also see that higher price in cokes and also in the coal. And Marcelo has mentio...

Thank you. Still about costs Rafael Barcellos, Bradesco, Gabriel Barra from Citi, and [ Emerson ] from Goldman Sachs. They ask the following. So what's the magnitude of cost reduction when you reduce maintenance costs? Is this something we are going to have an effect in the next half of the year? And the retrofitting will be offset in the next quarters? Or do you see that the cost will have some level of sustainabi...

What analysts pressed on

Analysts expressed concerns regarding the impact of rising costs on profitability and the potential for reduced market share due to increased imports. There were also questions about the sustainability of the improved sales mix and the effectiveness of government measures in stabilizing the market.

Main topics on the call

• EBITDA Growth — Usiminas reported a consolidated EBITDA of BRL 653 million, marking a 56% increase from the previous quarter. Management noted, "this improvement in the mix is reflected in an improvement of nearly 5% of the revenue per ...
• Sales Volume Decline — Steel sales volumes decreased by 7% compared to Q4 2025, attributed to a strategic focus on more profitable activities. Diego Garcia stated, "this is a result of the strategy of giving more importance to the most effecti...
• Cost Pressures — Management highlighted rising costs due to the Iran conflict, particularly in energy and logistics. Marcelo Chara mentioned, "the cost will be impacted eventually," indicating potential future challenges.
• Stable Revenue Outlook — Despite the challenges, management expects stable consolidated results moving forward, with sales volumes anticipated to recover. They noted, "we see a challenging scenario for the next quarters," but remain optimistic a...

Read the full Usinas Siderúrgicas de Minas Gerais S.A. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 27 Usinas Siderúrgicas de Minas Gerais S.A. earnings call transcripts on record, spanning February 14, 2020 to July 30, 2026. Based on this history, Usinas Siderúrgicas de Minas Gerais S.A. reports quarterly. The most recent call on file is dated July 30, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

USIM5

Exchange

BOVESPA

Country

BR

Sector

Materials

Industry

Metals and Mining

Calls on record

27

First call

February 14, 2020

Most recent

July 30, 2026

Reporting cadence

quarterly