U.S. Steel (X) Misses Q4 EPS by 2c

U.S. Steel (NYSE: X) reported Q4 EPS of $1.82, $0.02 worse than the analyst estimate of $1.84. Revenue for the quarter came in at $3.69 billion versus the consensus estimate of $3.74 billion.

The Company currently expects first quarter 2019 adjusted EBITDA to be approximately $225 million, which excludes the expected first quarter impacts of the December 24, 2018 fire at our Clairton coke making facility.

First quarter 2019 EBITDA for the Flat-rolled segment is expected to be higher than first quarter 2018, primarily due to higher average realized selling prices, partially offset by higher raw materials costs.

First quarter 2019 EBITDA for the U. S. Steel Europe segment is expected to be lower than first quarter 2018, primarily due to lower volumes, higher raw materials costs, and an unfavorable change in the U.S. dollar / Euro exchange rate.

First quarter 2019 EBITDA for the Tubular segment is expected to be higher than first quarter 2018, primarily due to higher average realized selling prices and increased volumes, partially offset by higher costs for steel substrate.

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

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