United States Steel Corporation Makes Significant Operational Adjustments to Advance “Best of Both” Strategy
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U.S. Steel (X) Misses Q4 EPS by 56c; Provides FY19 EPS Outlook & FY20 Targets
December 20, 2019 6:05 AM ESTU.S. Steel (NYSE: X) reported Q4 EPS of ($1.15), $0.56 worse than the analyst estimate of ($0.59).
Fourth quarter 2019 adjusted EBITDA is expected to be approximately ($25) million, which excludes approximately $225 million of estimated restructuring and other charges. While steel markets in North America are recovering, the Europe and Tubular segments remain weak. The Company expects fourth quarter 2019 adjusted diluted loss per share to be approximately ($1.15).
While the current realities of the markets we serve are having a significant impact on our short-term results, we are taking swift action to align our operational footprint and... More
