Ternium (TX) Q2 FY26 earnings call

Ternium delivered a solid Q2 FY26, marked by a significant sequential recovery in profitability driven by higher volumes and improved margins in Mexico and Brazil. The company is nearing the peak of its major investment cycle with the Pesqueria slab facility on track for early 2027 startup, which is expected to enhance its position in the North American automotive market. While geopolitical uncertainties remain, management anticipates continued strong performance, supported by strategic project execution and a focus on capital allocation.