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United States Steel | 10-Q: Q1 2024 Earnings Report
United States Steel | 10-Q: Q1 2024 Earnings Report
美國鋼鐵 | 10-Q:2024財年一季報
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United States Steel Corporation (U.S. Steel) reported a mixed financial performance for the first quarter of 2024. The company's net sales decreased by 7% year-on-year, from $4,470 million in Q1 2023 to $4,160 million in Q1 2024. The North American Flat-Rolled, Mini Mill, and U.S. Steel Europe segments showed improved results, while the Tubular segment experienced a decline, primarily due to lower sales price and volume. Operating expenses increased, with selling, general, and administrative expenses rising to $119 million from $99 million in the previous year. The company recognized restructuring and other charges of $6 million, up from $1 million in Q1 2023. U.S. Steel's earnings before interest and taxes (EBIT) for the quarter were $154 million, a 19% decrease from $189 million in the same period last year...Show More
United States Steel Corporation (U.S. Steel) reported a mixed financial performance for the first quarter of 2024. The company's net sales decreased by 7% year-on-year, from $4,470 million in Q1 2023 to $4,160 million in Q1 2024. The North American Flat-Rolled, Mini Mill, and U.S. Steel Europe segments showed improved results, while the Tubular segment experienced a decline, primarily due to lower sales price and volume. Operating expenses increased, with selling, general, and administrative expenses rising to $119 million from $99 million in the previous year. The company recognized restructuring and other charges of $6 million, up from $1 million in Q1 2023. U.S. Steel's earnings before interest and taxes (EBIT) for the quarter were $154 million, a 19% decrease from $189 million in the same period last year.
In terms of business development, U.S. Steel continued to advance its 'Best for All' strategy, with significant progress on construction projects such as Big River 2 and a new coating line at Big River Steel. The company also received financial incentives, including a $50 million grant from the State of Arkansas and a $3 million grant from Mississippi County, Arkansas, for qualifying project costs.
Looking ahead, U.S. Steel expects the pending merger with an unnamed purchaser to be completed in the second half of 2024, subject to regulatory approvals and customary closing conditions. The merger has already received stockholder approval and is awaiting regulatory clearances in the European Union, Mexico, and Slovakia. The company anticipates that the merger will bring significant changes to its operations and financial structure. Capital commitments for property, plant, and equipment acquisitions stood at $1.269 billion as of March 31, 2024. U.S. Steel ended the quarter with $2,221 million in cash and cash equivalents and a total liquidity of $4,495 million.
美國鋼鐵公司(U.S. Steel)2024年第一季度的財務表現不佳。公司淨銷售額同比下降7%,由2023年第一季度的4,470百萬美元下降至2024年第一季度的4,160百萬美元。北美平板軋製、迷你軋鋼和U.S. Steel歐洲部分表現良好,而鋼質管部分則經歷了下降,主要是由於銷售價格和成交量下降。營業費用增加,銷售、總務和行政成本從上一年的9,900萬美元增加到1,1900萬美元。公司認定2024年第一季度的重組和其他費用爲600萬美元,高於2023年第一季度的100萬美元。U.S. Steel本季度的利潤利息和稅前利潤爲1.54億美元,比去年同期的1.89億美元下降了19%。
在業務發...展開全部
美國鋼鐵公司(U.S. Steel)2024年第一季度的財務表現不佳。公司淨銷售額同比下降7%,由2023年第一季度的4,470百萬美元下降至2024年第一季度的4,160百萬美元。北美平板軋製、迷你軋鋼和U.S. Steel歐洲部分表現良好,而鋼質管部分則經歷了下降,主要是由於銷售價格和成交量下降。營業費用增加,銷售、總務和行政成本從上一年的9,900萬美元增加到1,1900萬美元。公司認定2024年第一季度的重組和其他費用爲600萬美元,高於2023年第一季度的100萬美元。U.S. Steel本季度的利潤利息和稅前利潤爲1.54億美元,比去年同期的1.89億美元下降了19%。
在業務發展方面,美國鋼鐵公司繼續推進其“Best for All”策略,在諸如Big River 2和Big River Steel的新覆蓋線等施工項目方面取得了重要進展。該公司還獲得了包括來自阿肯色州的5000萬美元資助以及來自密西西比縣的300萬美元資助,以支付符合資格的項目費用。
展望未來,美國鋼鐵公司預計尚未公佈的購買方將於2024年下半年完成合並,但需等待監管批准和慣例結束條件。該交易已獲得股東批准,正等待歐盟、墨西哥和斯洛伐克的監管機構的批准。該公司預計合併將給其運營和財務結構帶來重大變革。截至2024年3月31日,公司的物業、廠房和設備收購的資本承諾爲12.69億美元。美國鋼鐵公司本季度以2,221百萬美元的現金及現金等價物和4,495百萬美元的總流動資產結束。
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譯文內容由第三人軟體翻譯。
牛牛AI助手部分由第三方人工智慧模型基於資訊內容自動產生,只对除中国内地以外的地区提供。
以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
風險及免責聲明
牛牛AI助手部分由第三方人工智慧模型基於資訊內容自動產生,只对除中国内地以外的地区提供。
以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
我知道了
風險及免責聲明
牛牛AI助手部分由第三方人工智慧模型基於資訊內容自動產生,只对除中国内地以外的地区提供。
以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
我知道了