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United States Steel | 10-Q: Q3 2024 Earnings Report

United States Steel | 10-Q: Q3 2024 Earnings Report

美國鋼鐵 | 10-Q:2024財年三季報
美股SEC公告 ·  11/01 23:47

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United States Steel Corporation (U.S. Steel) reported a challenging third quarter in 2024, with net sales declining across all segments compared to the same period in 2023. The North American Flat-Rolled, Mini Mill, U.S. Steel Europe (USSE), and Tubular segments all experienced decreases in sales, primarily due to lower average realized prices and shipment volumes. The company's total net sales for the quarter were $3,853 million, a 13% decrease from $4,431 million in the previous year. The Flat-Rolled segment's earnings before interest and taxes (EBIT) dropped by 53% to $106 million, while the Mini Mill segment saw a significant decline from $42 million to a loss of $28 million. USSE's EBIT improved to $7 million from a loss of $13 million, but Tubular's...Show More
United States Steel Corporation (U.S. Steel) reported a challenging third quarter in 2024, with net sales declining across all segments compared to the same period in 2023. The North American Flat-Rolled, Mini Mill, U.S. Steel Europe (USSE), and Tubular segments all experienced decreases in sales, primarily due to lower average realized prices and shipment volumes. The company's total net sales for the quarter were $3,853 million, a 13% decrease from $4,431 million in the previous year. The Flat-Rolled segment's earnings before interest and taxes (EBIT) dropped by 53% to $106 million, while the Mini Mill segment saw a significant decline from $42 million to a loss of $28 million. USSE's EBIT improved to $7 million from a loss of $13 million, but Tubular's earnings fell sharply from $87 million to a loss of $4 million. U.S. Steel's capital commitments for property, plant, and equipment acquisition totaled $830 million as of September 30, 2024. The company's liquidity remained strong, with $1,773 million in cash and cash equivalents and a total estimated liquidity of $4,052 million. Despite the financial downturn, U.S. Steel continued to advance its strategic initiatives, including the construction of Big River 2 (BR2) near Osceola, Arkansas, with the first coil achieved in October 2024 and shipments to customers expected to begin in the fourth quarter. The company anticipates a total capital spend of approximately $3.6 billion for BR2 and expects 2024 capital spending to be $2.3 billion. U.S. Steel also received various grants and payments, including $82 million from the sale of future tax credits and a $50 million grant from the State of Arkansas Quick Action Closing Fund, which will be recognized systematically over time. The company is also navigating a pending merger, with stockholder approval obtained and regulatory approvals outside the United States received. The merger is expected to close in the fourth quarter of 2024, subject to customary closing conditions.
美國鋼鐵公司(U.S. Steel)報告稱,2024年第三季度充滿挑戰,與2023年同期相比,所有板塊的淨銷售額均出現下降。北美平軋板材板塊、迷你鍊鋼板塊、美國鋼鐵歐洲(USSE)板塊和管材板塊的銷售額均出現下降,主要是由於較低的平均實現價格和裝運量。公司本季度的總淨銷售額爲$385300萬,較前一年的443100萬美元減少了13%。平軋板材板塊的息稅前利潤(EBIT)下降了53%,至10600萬美元,而迷你鍊鋼板塊的利潤從4200萬美元大幅下降至虧損2800萬美元。USSE的EBIT從虧損1300萬美元改善爲盈利700萬美元,但管材板塊的利潤從8700萬美元急劇下降至虧損400萬美元。截至2...展開全部
美國鋼鐵公司(U.S. Steel)報告稱,2024年第三季度充滿挑戰,與2023年同期相比,所有板塊的淨銷售額均出現下降。北美平軋板材板塊、迷你鍊鋼板塊、美國鋼鐵歐洲(USSE)板塊和管材板塊的銷售額均出現下降,主要是由於較低的平均實現價格和裝運量。公司本季度的總淨銷售額爲$385300萬,較前一年的443100萬美元減少了13%。平軋板材板塊的息稅前利潤(EBIT)下降了53%,至10600萬美元,而迷你鍊鋼板塊的利潤從4200萬美元大幅下降至虧損2800萬美元。USSE的EBIT從虧損1300萬美元改善爲盈利700萬美元,但管材板塊的利潤從8700萬美元急劇下降至虧損400萬美元。截至2024年9月30日,美國鋼鐵的物業、工廠和設備收購的資本承諾共計83000萬美元。公司的流動性依然強勁,現金及現金等價物爲177300萬美元,總估計流動資產爲405200萬美元。儘管財務狀況下滑,美國鋼鐵繼續推進其戰略計劃,包括在阿肯色州奧斯西奧拉附近興建Big River 2 (BR2),2024年10月實現首卷,預計向客戶發運將在第四季度開始。公司預計BR2的總資本支出約爲36億美元,並預計2024年資本支出爲23億美元。美國鋼鐵還收到了各種撥款和支付,包括來自未來稅收抵免出售的8200萬美元和阿肯色州Quick Action Closing Fund撥款的5000萬美元,這些款項將逐步確認。公司還在進行待定的合併,已獲得股東批准,並獲得了美國境外的監管批准。該合併預計將在2024年第四季度關閉,須符合一般性的關閉條件。

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