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United States Steel | 10-Q: Q1 2024 Earnings Report

United States Steel | 10-Q: Q1 2024 Earnings Report

美国钢铁 | 10-Q:2024财年一季报
美股SEC公告 ·  05/03 11:56

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United States Steel Corporation (U.S. Steel) reported a mixed financial performance for the first quarter of 2024. The company's net sales decreased by 7% year-on-year, from $4,470 million in Q1 2023 to $4,160 million in Q1 2024. The North American Flat-Rolled, Mini Mill, and U.S. Steel Europe segments showed improved results, while the Tubular segment experienced a decline, primarily due to lower sales price and volume. Operating expenses increased, with selling, general, and administrative expenses rising to $119 million from $99 million in the previous year. The company recognized restructuring and other charges of $6 million, up from $1 million in Q1 2023. U.S. Steel's earnings before interest and taxes (EBIT) for the quarter were $154 million, a 19% decrease from $189 million in the same period last year...Show More
United States Steel Corporation (U.S. Steel) reported a mixed financial performance for the first quarter of 2024. The company's net sales decreased by 7% year-on-year, from $4,470 million in Q1 2023 to $4,160 million in Q1 2024. The North American Flat-Rolled, Mini Mill, and U.S. Steel Europe segments showed improved results, while the Tubular segment experienced a decline, primarily due to lower sales price and volume. Operating expenses increased, with selling, general, and administrative expenses rising to $119 million from $99 million in the previous year. The company recognized restructuring and other charges of $6 million, up from $1 million in Q1 2023. U.S. Steel's earnings before interest and taxes (EBIT) for the quarter were $154 million, a 19% decrease from $189 million in the same period last year. In terms of business development, U.S. Steel continued to advance its 'Best for All' strategy, with significant progress on construction projects such as Big River 2 and a new coating line at Big River Steel. The company also received financial incentives, including a $50 million grant from the State of Arkansas and a $3 million grant from Mississippi County, Arkansas, for qualifying project costs. Looking ahead, U.S. Steel expects the pending merger with an unnamed purchaser to be completed in the second half of 2024, subject to regulatory approvals and customary closing conditions. The merger has already received stockholder approval and is awaiting regulatory clearances in the European Union, Mexico, and Slovakia. The company anticipates that the merger will bring significant changes to its operations and financial structure. Capital commitments for property, plant, and equipment acquisitions stood at $1.269 billion as of March 31, 2024. U.S. Steel ended the quarter with $2,221 million in cash and cash equivalents and a total liquidity of $4,495 million.
美国钢铁公司(U.S. Steel)2024年第一季度的财务表现不佳。公司净销售额同比下降7%,由2023年第一季度的4,470百万美元下降至2024年第一季度的4,160百万美元。北美平板轧制、迷你轧钢和U.S. Steel欧洲部分表现良好,而钢质管部分则经历了下降,主要是由于销售价格和成交量下降。营业费用增加,销售、总务和行政成本从上一年的9,900万美元增加到1,1900万美元。公司认定2024年第一季度的重组和其他费用为600万美元,高于2023年第一季度的100万美元。U.S. Steel本季度的利润利息和税前利润为1.54亿美元,比去年同期的1.89亿美元下降了19%。 在业务发...展开全部
美国钢铁公司(U.S. Steel)2024年第一季度的财务表现不佳。公司净销售额同比下降7%,由2023年第一季度的4,470百万美元下降至2024年第一季度的4,160百万美元。北美平板轧制、迷你轧钢和U.S. Steel欧洲部分表现良好,而钢质管部分则经历了下降,主要是由于销售价格和成交量下降。营业费用增加,销售、总务和行政成本从上一年的9,900万美元增加到1,1900万美元。公司认定2024年第一季度的重组和其他费用为600万美元,高于2023年第一季度的100万美元。U.S. Steel本季度的利润利息和税前利润为1.54亿美元,比去年同期的1.89亿美元下降了19%。 在业务发展方面,美国钢铁公司继续推进其“Best for All”策略,在诸如Big River 2和Big River Steel的新覆盖线等施工项目方面取得了重要进展。该公司还获得了包括来自阿肯色州的5000万美元资助以及来自密西西比县的300万美元资助,以支付符合资格的项目费用。 展望未来,美国钢铁公司预计尚未公布的购买方将于2024年下半年完成合并,但需等待监管批准和惯例结束条件。该交易已获得股东批准,正等待欧盟、墨西哥和斯洛伐克的监管机构的批准。该公司预计合并将给其运营和财务结构带来重大变革。截至2024年3月31日,公司的物业、厂房和设备收购的资本承诺为12.69亿美元。美国钢铁公司本季度以2,221百万美元的现金及现金等价物和4,495百万美元的总流动资产结束。
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