Summary by Moomoo AI
On August 1, 2024, United States Steel Corporation, headquartered in Pittsburgh, Pennsylvania, released its financial results for the second quarter of 2024. The company reported net earnings of $183 million, or $0.72 per diluted share, and adjusted net earnings of $211 million, or $0.84 per diluted share. This represents a decrease from the second quarter of 2023, where net earnings were $477 million, or $1.89 per diluted share, and adjusted net earnings were $483 million, or $1.92 per diluted share. The company's adjusted EBITDA for the second quarter of 2024 was $443 million. President and CEO David B. Burritt highlighted the company's resilient performance despite pricing headwinds and noted better than expected results in the North American Flat-Rolled segment due to product mix and cost management. The Mini Mill segment also...Show More
