United States Steel Corporation Provides Third Quarter 2019 Guidance
United States Steel Corporation (X)
Last united states steel corporation earnings: 4/30 04:16 pm
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US:NYSE Investor Relations:
ussteel.com/investors
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Source: GlobeNewswire
PITTSBURGH, Sept. 18, 2019 (GLOBE NEWSWIRE) -- Today, United States Steel Corporation (NYSE: X) provided third quarter 2019 guidance. We expect third quarter 2019 adjusted EBITDA to be approximately $115 million, which excludes approximately $53 million of estimated third quarter impacts from the December 24, 2018 fire at our Clairton coke making facility and estimated restructuring charges. We expect third quarter 2019 adjusted diluted loss per share to be approximately ($0.35). Adjusted EBITDA Commentary The positive flat-rolled steel market indicators experienced earlier this summer have softened after a brief recovery in steel selling prices. The impact of falling steel prices through the second quarter, combined with the impact of a larger than expected drop in scrap prices on market sentiment, is expected to negatively impact Flat-rolled earnings in the second half of the year. As a result, our current assessment of the Flat-rolled segment suggests two blast furnaces w
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