Goldman Sachs Comments On Strong 1Q11 For Ternium

According to Goldman Sachs, Ternium TX reported 1Q2011 on May 4th after the market closed. Goldman Sachs said that EBITDA of US$393.7 mn was 13% above estimates and 10% above consensus. “The EBITDA margin was up 600 bp qoq to 18.3% vs our expectation of 16.9%. EPADS of US$1.04 was above our US$0.8 estimate and US$0.87 from consensus.” Ternium closed yesterday at $33.30.