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United States Steel | 10-Q: Q2 2024 Earnings Report

United States Steel | 10-Q: Q2 2024 Earnings Report

美國鋼鐵 | 10-Q:2024財年二季報
美股SEC公告 ·  2024/08/02 21:39

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U.S. Steel reported Q2 2024 net earnings of $183 million, down from $477 million in Q2 2023, as net sales declined 18% to $4.12 billion. The decrease was primarily driven by lower average realized prices and reduced shipment volumes across all segments. Operating earnings before interest and taxes fell 68% to $181 million, while gross margin contracted across most business units.The Flat-Rolled segment saw earnings drop 21% to $183 million on 9% lower shipments and 3% lower prices. Mini Mill earnings fell 79% to $28 million due to 14% lower prices, while USSE posted a $10 million loss as shipments dropped 15%. The Tubular segment's earnings declined 82% to $29 million amid a 40% price decrease. The company maintained strong liquidity of $4.26 billion, including $2.03 billion in cash.The company continues to advance its strategic projects, with Big River 2 construction expected to complete in Q4 2024 at a total cost of approximately $3.35 billion. The pending merger with Nippon Steel Corporation remains on track to close in second half 2024, having received stockholder approval and all required non-U.S. regulatory clearances while awaiting U.S. regulatory approvals.
U.S. Steel reported Q2 2024 net earnings of $183 million, down from $477 million in Q2 2023, as net sales declined 18% to $4.12 billion. The decrease was primarily driven by lower average realized prices and reduced shipment volumes across all segments. Operating earnings before interest and taxes fell 68% to $181 million, while gross margin contracted across most business units.The Flat-Rolled segment saw earnings drop 21% to $183 million on 9% lower shipments and 3% lower prices. Mini Mill earnings fell 79% to $28 million due to 14% lower prices, while USSE posted a $10 million loss as shipments dropped 15%. The Tubular segment's earnings declined 82% to $29 million amid a 40% price decrease. The company maintained strong liquidity of $4.26 billion, including $2.03 billion in cash.The company continues to advance its strategic projects, with Big River 2 construction expected to complete in Q4 2024 at a total cost of approximately $3.35 billion. The pending merger with Nippon Steel Corporation remains on track to close in second half 2024, having received stockholder approval and all required non-U.S. regulatory clearances while awaiting U.S. regulatory approvals.
美國鋼鐵公司報告2024年第二季度淨收益爲18300萬美元,較2023年第二季度的47700萬美元下降,淨銷售額下降18%,至41.2億元。下降主要是由於所有板塊的平均實現價格降低和出貨量減少。稅息折舊及攤銷前利潤下降68%,至18100萬美元,毛利率在大多數業務單位收縮。平軋板塊的收益下降21%,至18300萬美元,出貨量降低9%,價格降低3%。迷你鋼廠的收益下降79%,至2800萬美元,原因是價格降低14%,而USSE則因出貨量下降15%而虧損1000萬美元。管道產品板塊的收益下降82%,至2900萬美元,原因是價格下降40%。公司保持強勁的流動性,達到42.6億元,其中現金爲20.3億元。公司繼續推進其戰略項目,預計在2024年第四季度完成大河2號的施工,總成本約爲33.5億元。與日本鋼鐵公司的合併仍在按計劃進行,預計在2024年下半年完成,已獲得股東批准和所有所需的非美國監管機構的批准,目前正等待美國監管審批。
美國鋼鐵公司報告2024年第二季度淨收益爲18300萬美元,較2023年第二季度的47700萬美元下降,淨銷售額下降18%,至41.2億元。下降主要是由於所有板塊的平均實現價格降低和出貨量減少。稅息折舊及攤銷前利潤下降68%,至18100萬美元,毛利率在大多數業務單位收縮。平軋板塊的收益下降21%,至18300萬美元,出貨量降低9%,價格降低3%。迷你鋼廠的收益下降79%,至2800萬美元,原因是價格降低14%,而USSE則因出貨量下降15%而虧損1000萬美元。管道產品板塊的收益下降82%,至2900萬美元,原因是價格下降40%。公司保持強勁的流動性,達到42.6億元,其中現金爲20.3億元。公司繼續推進其戰略項目,預計在2024年第四季度完成大河2號的施工,總成本約爲33.5億元。與日本鋼鐵公司的合併仍在按計劃進行,預計在2024年下半年完成,已獲得股東批准和所有所需的非美國監管機構的批准,目前正等待美國監管審批。
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