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ArcelorMittal Turns To Profit In Q1; Sales Up 20.1% YoY - Quick Facts

( - ArcelorMittal ( MT ) recorded first-quarter net income of $1.00 billion, or $0.33 per share compared to a net loss of $416 million, or $0.23 per share, prior year. Operating income was $1.6 billion compared to $275 million, a year ago.

First-quarter sales were $16.1 billion compared to $13.4 billion, prior year. Sales were 20.1% higher primarily due to higher...