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United States Steel | 8-K: United States Steel Corporation Provides Second Quarter 2024 Guidance

SEC announcement ·  Jun 17 20:20
Summary by Futu AI
On June 17, 2024, United States Steel Corporation, headquartered in Pittsburgh, Pennsylvania, issued a press release providing guidance for the second quarter of 2024. The company, listed on the New York and Chicago Stock Exchanges under the ticker symbol 'X', anticipates adjusted net earnings per diluted share to be between $0.76 and $0.80, with adjusted EBITDA expected to be around $425 million. President and CEO David B. Burritt highlighted the company's progress towards closing a transaction with Nippon Steel Corporation and noted that the adjusted EBITDA guidance reflects stable domestic flat-rolled steel demand amidst a dynamic pricing environment. The European segment saw a restart of a previously idled blast furnace due to improving demand, while the Tubular segment faced challenging market conditions. The company...Show More
On June 17, 2024, United States Steel Corporation, headquartered in Pittsburgh, Pennsylvania, issued a press release providing guidance for the second quarter of 2024. The company, listed on the New York and Chicago Stock Exchanges under the ticker symbol 'X', anticipates adjusted net earnings per diluted share to be between $0.76 and $0.80, with adjusted EBITDA expected to be around $425 million. President and CEO David B. Burritt highlighted the company's progress towards closing a transaction with Nippon Steel Corporation and noted that the adjusted EBITDA guidance reflects stable domestic flat-rolled steel demand amidst a dynamic pricing environment. The European segment saw a restart of a previously idled blast furnace due to improving demand, while the Tubular segment faced challenging market conditions. The company also mentioned the start-up of the Big River Steel dual Galvalume/Galvanized coating line and the anticipated start-up of Big River 2 mini mill in the latter half of 2024. The press release included forward-looking statements and non-GAAP financial measures, emphasizing the company's ongoing operating performance and excluding certain charges not part of core operations.

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