POSCO Holdings Inc
005490.KS
KRW318 000 2.25%
Exchange: KSC | Sector: Basic Materials | Industry: Steel
Q3 2024
Published: Sep 30, 2024

Earnings Highlights

  • Revenue of $18,321.37B down 3.4% year-over-year
  • EPS of $5,694.00 decreased by 7.1% from previous year
  • Gross margin of 8.2%
  • Net income of 452.65B
  • ""...we need to address this shift through localization in key markets and aim to get to the growth market early to build our presence through upstream business." - Jeong Kiseop, CSO" - Jeong Kiseop
005490.KS
POSCO Holdings Inc

Executive Summary

POSCO Holdings Inc reported third-quarter revenues of KRW 18.32 trillion, reflecting a 1.02% decrease from the previous quarter. Despite maintaining similar levels of operating income (KRW 743 billion), the company faced challenges from declining steel prices and pressures in the rechargeable battery materials sector. Management highlighted strategic partnerships, particularly the joint venture with JSW Group, as a key growth area in the increasingly competitive and protectionist global steel market, as well as efforts to mitigate cost recovery issues within their lithium operations. Moving forward, POSCO remains committed to restructuring non-performing assets while emphasizing capital efficiency and strategic investments in high-demand segments.

Key Performance Indicators

Revenue
Decreasing
18,321.37B
QoQ: -1.02% | YoY: -3.37%
Gross Profit
Decreasing
1,506.51B
8.22% margin
QoQ: 5.91% | YoY: -20.21%
Operating Income
Decreasing
740.00B
QoQ: -0.99% | YoY: -38.13%
Net Income
Decreasing
452.65B
QoQ: -14.59% | YoY: -7.28%
EPS
Decreasing
5.98K
QoQ: -14.38% | YoY: -7.06%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q2 2025 17,437,000.00 0.00 -5.8% View
Q1 2025 17,437,000.00 3,998.00 -3.7% View
Q4 2024 17,805,144.00 -4,981.09 -4.6% View
Q3 2024 18,321,368.00 5,694.00 -3.4% View
Q2 2024 18,509,680.96 6,157.03 -8.0% View