U.S. Steel (X) Reports Q4 Loss Per Share of 23c, Offers Outlook
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United States Steel Corporation Reports 2015 Fourth Quarter and Full-Year Results With Strong Liquidity and Positive Operating Cash Flow Under Challenging Market Conditions
January 26, 2016 4:31 PM ESTPITTSBURGH, Jan. 26, 2016 /PRNewswire/ -- United States Steel Corporation (NYSE: X) reported a full-year 2015 net loss of $1.5 billion, or $10.32 per diluted share, which included items totaling $1.2 billion, or $8.53 per diluted share, that were excluded to arrive at adjusted net loss of $262 million, or $1.79 per diluted share. These adjustments consist of charges of $426 million, or $2.92 per diluted share, primarily due to non-cash charges for restructuring and other strategic actions, a charge of $36 million, or $0.25 per diluted share, related to the retirement of our 2.75% Senior Convertible Notes, a non-cash impairment charge for an equity investment of $18 million, or $0.12... More
