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United States Steel | 8-K: United States Steel Corporation Reports Third Quarter 2024 Results

United States Steel | 8-K: United States Steel Corporation Reports Third Quarter 2024 Results

美国钢铁 | 8-K:美国钢铁公司公布2024年第三季度业绩
美股SEC公告 ·  2024/11/01 04:27

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United States Steel Corporation reported Q3 2024 net earnings of $119 million ($0.48 per diluted share), down from $299 million in Q3 2023. Adjusted net earnings were $140 million ($0.56 per diluted share), while adjusted EBITDA reached $319 million. The company achieved first coil production at Big River 2, with customer shipments expected to begin in Q4.The North American Flat-Rolled segment maintained strong performance through diverse product mix and increased contracted volumes. Mini Mill segment delivered 11% EBITDA margins excluding $40 million in start-up costs, while USSE benefited from favorable CO2 allocations. The company continues to progress on its transaction with Nippon Steel Corporation, which includes commitments for at least $2.7 billion in capital investments.For Q4 2024, the company forecasts adjusted EBITDA between $225-275 million, with slight decreases expected in North American Flat-Rolled segment due to lower selling prices. Mini Mill segment results are anticipated to improve despite $25 million in BR2 start-up costs, while European operations are projected to decline amid weak demand conditions.
United States Steel Corporation reported Q3 2024 net earnings of $119 million ($0.48 per diluted share), down from $299 million in Q3 2023. Adjusted net earnings were $140 million ($0.56 per diluted share), while adjusted EBITDA reached $319 million. The company achieved first coil production at Big River 2, with customer shipments expected to begin in Q4.The North American Flat-Rolled segment maintained strong performance through diverse product mix and increased contracted volumes. Mini Mill segment delivered 11% EBITDA margins excluding $40 million in start-up costs, while USSE benefited from favorable CO2 allocations. The company continues to progress on its transaction with Nippon Steel Corporation, which includes commitments for at least $2.7 billion in capital investments.For Q4 2024, the company forecasts adjusted EBITDA between $225-275 million, with slight decreases expected in North American Flat-Rolled segment due to lower selling prices. Mini Mill segment results are anticipated to improve despite $25 million in BR2 start-up costs, while European operations are projected to decline amid weak demand conditions.
美国钢铁公司报告2024年第三季度净收益为11900万美元(每稀释股收益0.48美元),低于2023年第三季度的29900万美元。调整后的净收益为14000万美元(每稀释股收益0.56美元),而调整后的EBITDA达到31900万美元。该公司在大河2号实现了首次卷材生产,预计客户出货将在第四季度开始。北美平轧部门通过多样化的产品组合和增加的合同量保持了强劲的表现。迷你钢厂部门在排除4000万美元启动成本的情况下,交付了11%的EBITDA利润率,而美国钢铁也从有利的二氧化碳分配中受益。该公司继续推进与日本钢铁公司的交易,其中包括至少27亿人民币的资本投资承诺。对于2024年第四季度,该公司预测调整后的EBITDA在22500万至27500万美元之间,由于售价下降,北美平轧部门预计将略有下降。尽管面临2500万美元的BR2启动成本,迷你钢厂部门的业绩预计将有所改善,而欧洲业务预计将在需求疲软的情况下下降。
美国钢铁公司报告2024年第三季度净收益为11900万美元(每稀释股收益0.48美元),低于2023年第三季度的29900万美元。调整后的净收益为14000万美元(每稀释股收益0.56美元),而调整后的EBITDA达到31900万美元。该公司在大河2号实现了首次卷材生产,预计客户出货将在第四季度开始。北美平轧部门通过多样化的产品组合和增加的合同量保持了强劲的表现。迷你钢厂部门在排除4000万美元启动成本的情况下,交付了11%的EBITDA利润率,而美国钢铁也从有利的二氧化碳分配中受益。该公司继续推进与日本钢铁公司的交易,其中包括至少27亿人民币的资本投资承诺。对于2024年第四季度,该公司预测调整后的EBITDA在22500万至27500万美元之间,由于售价下降,北美平轧部门预计将略有下降。尽管面临2500万美元的BR2启动成本,迷你钢厂部门的业绩预计将有所改善,而欧洲业务预计将在需求疲软的情况下下降。
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