U.S. Steel (X) Tops Q1 EPS by 17c, Revenues Miss

U.S. Steel (NYSE: X) reported Q1 EPS of $1.08, $0.17 better than the analyst estimate of $0.91. Revenue for the quarter came in at $3.66 billion versus the consensus estimate of $3.68 billion.

“Our optimism in the strength of our business is clearly confirmed in our first quarter performance,” said U. S. Steel President and Chief Executive Officer David B. Burritt. “Our first quarter adjusted EBITDA of $551 million reflects robust customer demand and purposeful management actions that are delivering strong results. We are benefiting from our well-timed acquisition of the remaining stake in Big River Steel which delivered 32% EBITDA margins and drove an approximately 300 basis point contribution to enterprise adjusted EBITDA margin in the quarter. A strong market and our disciplined approach to capital allocation position us well to translate earnings into cash flow.”

For earnings history and earnings-related data on U.S. Steel (X) click here.

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