U.S. Steel (X) Tops Q4 EPS by 9c
After the close, U.S. Steel (NYSE: X) reported Q4 EPS of $0.76, $0.09 better than the analyst estimate of $0.67. Revenue for the quarter came in at $3.13 billion versus the consensus estimate of $3.1 billion.
2018 Outlook
Commenting on U. S. Steel’s outlook for 2018, Burritt said, "Our focus in 2018 remains on improving the fundamental drivers of our business: safety, quality, delivery and cost and we expect the performance momentum from 2017 to continue. We will continue to provide our employees with the support and resources they need to succeed. When our employees succeed, our customers succeed. When our customers succeed, U. S. Steel succeeds."
If market conditions remain at their January 24, 2018 levels, we expect 2018 net earnings of approximately $685 million, or $3.88 per diluted share, and EBITDA of approximately $1.5 billion.
We believe market conditions, which include spot prices, raw material costs, customer demand, import volumes, supply chain inventories, rig counts and energy prices, will change, and as changes occur during the balance of 2018, we expect these changes to be reflected in our net earnings and EBITDA.
For earnings history and earnings-related data on U.S. Steel (X) click here.
