Algoma Steel Group
Makes sheet and plate steel as its Sault Ste. Marie plant converts to electric-arc furnaces.
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Profile
Manufactures hot- and cold-rolled steel sheet and plate at one Sault Ste. Marie complex, selling primarily to Canada and the United States. The listed parent owns the operating subsidiary as production shifts to electric-arc furnaces.
Produces hot- and cold-rolled steel sheet and plate from a single operating complex in Sault Ste. Marie, Ontario. The Nasdaq-listed holding company owns Algoma Steel Inc., the operating manufacturer.
Sales are concentrated in Canada and the United States, with sheet and plate as core product lines. Operations have historically centered on blast-furnace steelmaking at the site.
Two electric-arc furnaces are replacing the blast-furnace route. Once the first electric-arc furnace produced steel, the company reported that all liquid steel was produced by its EAF facility. Completing the EAF transition shapes the operating platform.
Company facts
Categories
Key statistics
Year to date +6.6% · Average volume (30d) 1.4M
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 29, 2026Q1 FY27 | −$0.60 | −$0.64 | −7.1% | $205.6M | $188.3M | −8.4% | −10.07% |
| May 12, 2026Q4 FY26 | −$0.78 | −$1.06 | −35.9% | $217.6M | — | — | +0.20% |
| May 5, 2026Q4 FY26 | −$0.84 | −$1.05 | −24.2% | $223.6M | $212.9M | −4.8% | +4.73% |
| Mar 11, 2026Q3 FY26 | $0.32 | −$2.11 | −759.4% | $344.4M | $331.9M | −3.6% | −14.78% |
Financial highlights
| 12 quarters | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | |
|---|---|---|---|---|---|---|---|
| Revenue | $372.0M | $424.2M | $376.9M | $327.3M | $213.6M | $192.5M | |
| Gross profit | −$78.4M | −$38.9M | −$77.3M | −$276.8M | −$91.1M | −$75.9M | |
| Operating income | −$100.6M | −$61.2M | −$468.7M | −$290.5M | −$110.4M | −$96.6M | |
| Net income | −$17.6M | −$79.6M | −$349.0M | −$262.3M | −$114.7M | −$69.1M | |
| Diluted EPS | −$0.17 | −$0.73 | −$3.21 | −$2.50 | −$1.05 | −$0.63 | |
| Gross margin | -21.1% | -9.2% | -20.5% | -84.6% | -42.6% | -39.4% | |
| Operating margin | -27.1% | -14.4% | -124.4% | -88.8% | -51.7% | -50.2% |
Fiscal years (4-quarter sums)FY22 $2.74B · FY23 $2.00B · FY24 $2.01B · FY25 $1.57B · FY26 $1.34B
Revenue by product · Q3 FY26
Revenue by geography · Q3 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $45.1M · Total debt $782.8M · Total assets $1.49B · Shareholders' equity $212.7M
Dividends
To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| May 13, 2025 | May 13 | May 30 | $0.05 | special dividend |
| Mar 21, 2025 | Mar 21 | Apr 10 | $0.05 | |
| Nov 27, 2024 | Nov 27 | Dec 27 | $0.05 | |
| Aug 23, 2024 | Aug 23 | Sep 27 | $0.05 | |
| Jul 2, 2024 | Jul 2 | Jul 19 | $0.05 | |
| Feb 28, 2024 | Feb 29 | Mar 28 | $0.05 | |
| Nov 29, 2023 | Nov 30 | Dec 29 | $0.05 | |
| Aug 24, 2023 | Aug 25 | Sep 29 | $0.05 |
Ownership
Shares outstanding 105.39M · Float 97.89M · 92.9% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Maple Rock Capital Partners Inc. | 15.93M | 15.10% | 13G | May 15, 2026 |
| MMCAP International Inc. SPC | 12.85M | 12.20% | 13G | May 15, 2026 |
| Donald Smith & Co., Inc. | 6.03M | 5.80% | 13G | May 13, 2026 |
| Stoney Lonesome HF LP | 5.47M | 5.10% | 13G | Aug 14, 2025 |
| BlackRock, Inc. | 4.12M | 3.91% | 13F | May 13, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- Cleveland-Cliffs
North American flat-rolled producer spanning sheet and plate
- Nucor
North American EAF producer in flat-rolled sheet and plate
- Steel Dynamics
EAF sheet producer spanning hot-, cold-rolled, and coated steel
- ArcelorMittal (ADR)
Canada flat-rolled producer with sheet and plate output
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Algoma Steel Group | $4.18 | 0.00% | $440.5M | — | — | 0.4 | −56.5% |
| Cleveland-Cliffs | $11.61 | −0.04% | $6.63B | — | 18.2 | 0.3 | +5.9% |
| Nucor | $250.50 | −0.02% | $57.05B | 20.0 | 12.2 | 1.6 | +23.0% |
| Steel Dynamics | $234.67 | +0.04% | $33.63B | 21.3 | 11.6 | 1.6 | +33.4% |
| ArcelorMittal (ADR) | $74.39 | +0.01% | $56.62B | 31.5 | — | 0.9 | +5.2% |
| Median | 21.3 | 12.2 | 1.2 | +14.4% |