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United States Steel Corporation reports first quarter 2019 results
           



Created: 5/3/2019
Author: -c-
Category: Hot stories

• Net earnings of $54 million, or $0.31 per diluted share; Adjusted net earnings of $81 million, or $0.47 per diluted share
• Adjusted EBITDA of $285 million
• Returned $51 million of capital to stockholders, including $42 million of share repurchases
 

PITTSBURGH, May 2, 2019 – United States Steel Corporation (NYSE: X) reported first quarter 2019 net earnings of $54 million, or $0.31 per diluted share. Adjusted net earnings were $81 million, or $0.47 per diluted share. This compares to first quarter 2018 net earnings of $18 million, or $0.10 per diluted share. Adjusted net earnings for first quarter 2018 were $57 million, or $0.32 per diluted share.

“Over the past few years, we have made strategic investments across our footprint, with a focus on our most critical flat-rolled steelmaking assets,” commented President and Chief Executive Officer David B. Burritt. “Our progress continued in the first quarter as we delivered strong financial results. Today's announcement of a state- of-the-art endless casting and rolling line at Mon Valley Works further strengthens our competitive position and will generate long-term value for our stockholders, customers, employees and community.”

More information: https://www.ussteel.com/newsroom

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