United States Steel

United States Steel Corp. engages in the manufacturing and selling of steel products. It operates through the following business segments: Flat-Rolled Products, Mini Mill, U.S. Steel Europe, and Tubular Products. The Flat-Rolled Products segment includes managing steel plants and production facilities that manufacture steel slabs, rounds, strip mill plates, sheets, tin mill, iron ore, and coke. The Mini Mill segment produces hot-rolled, cold-rolled and coated sheets. The U.S. Steel Europe segment produces and markets strip mill plates, spiral welded pipe, heating radiators, refractory ceramic materials. The Tubular Products segment is involved in manufacturing and trading seamless and electric resistance welded steel casing and tubing. line pipe, and mechanical tubing. The company was founded in 1901 by Andrew Carnegie, John Pierpont Morgan, Charles Michael Schwab and Elbert Henry Gary and is headquartered in Pittsburgh, PA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

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Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

U.S. Steel reports robust Q4 earnings, eyes strategic investments

United States Steel (X) showcased a strong financial performance, commitment to ESG transformation, and value creation for stakeholders. The company remains optimistic about the U.S. economy, steel industry sustainability, and long-term pricing prospects.

U.S. Steel surpasses Q1 earnings, eyes growth amid green initiatives

United States Steel (X) delivered strong financial results in Q1 2023, exceeding expectations. The company is focused on strategic projects, decarbonization efforts, and maintaining stakeholder commitment for sustainable growth.

United States Steel (X) reports robust Q2 earnings and growth opportunities

United States Steel (X) delivered a strong Q2 performance, showcasing financial strength and strategic focus. Despite potential challenges in steel prices and segment volumes, the company remains optimistic about future prospects. With a commitment to innovation and growth, U.S. Steel is well-positioned to capitalize on industry trends and drive shareholder value.

U.S. Steel reports strong Q3 performance, eyes value in 2024

U.S. Steel reports strong Q3 performance and optimistic about unlocking value in 2024. Challenges include potential CO2 cost hike and sequential decline in Q4 EBITDA. Company emphasizes cash priority and commitment to delivering value.

U.S. Steel posts strong Q4 earnings, eyes growth through NSC merger

U.S. Steel delivered a strong financial quarter, highlighted by robust earnings and solid liquidity. The pending merger with NSC offers growth potential and strategic advantages. While challenges like integration and market uncertainties exist, the company's outlook remains positive.

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United States Steel Corp. engages in the manufacturing and selling of steel products. It operates through the following segments: Flat-Rolled Products, Mini Mill, U.S. Steel Europe, and Tubular Products. The Flat-Rolled Products segment includes managing steel plants and production facilities that manufacture slabs, rounds, strip mill plates, sheets, tin mill, iron ore, pellets, pig iron, and coke. The Mini Mill segment produces hot and cold-rolled, coated sheets and electrical steels. The U.S. Steel Europe segment involves the production and marketing of sells slabs, strip mill plate, sheet, tin mill products, and spiral welded pipe. The Tubular Products segment manufactures and trades seamless and electric resistance welded steel casing and tubing, line pipe, and mechanical tubing. The company was founded in 1901 and is headquartered in Pittsburgh, PA.

monday.com

Stock market indexes moved higher in premarket trading Monday. U.S. Steel said it would pursue strategic alternatives and rejected a takeover bid from Cleveland-Cliffs.

These 2 Stocks Could Reignite the Bull Market

US Steel has knocked back a $7.3bn bid approach from Cleveland-Cliffs, North America's leading flat-rolled steel producer. The proposed deal, a combination of shares and cash, was set at $35 per share, marking a 43% premium on US Steel's Friday closing price of $22.72.

US Steel rebuffs $7.3bn Cleveland bid

U.S. Steel Corp.'s stock X, +0.98% soared 27% in premarket trade Monday, after the company rejected an unsolicited, $7.3 billion takeover bid from Cleveland-Cliffs Inc. that would have reshaped America's steel industry. Cleveland-Cliffs' stock CLF, -0.07% was down 2.6%.

U.S. Steel's stock soars 27% premarket after company rejects Cleveland-Cliff offer but says it's reviewing others

U.S. Steel Corp. declined a $7.3 billion acquisition offer from rival steelmaker Cleveland-Cliffs Inc. and launched a formal review of its strategic options.

US Steel rejects $7.3 billion buyout offer from Cleveland-Cliffs

AMC Entertainment

Shares of AMC Entertainment Holdings Inc.'s Preferred Equity units APE, +1.71% jumped 33% ahead of Monday's open after a Delaware court on Friday approved a revised, but still controversial, stock-conversion plan for the movie-theater chain.

AMC shares tumble on revised stock-conversion plan, while U.S. Steel stock surges on takeover bid, and more moving stocks.

The company, which was built by Andrew Carnegie and J.P. Morgan, might not be independent for much longer.

U.S. Steel Rejects Cleveland-Cliffs Bid. Stock Soars.

Cleveland-Cliffs

PITTSBURGH--(BUSINESS WIRE)--United States Steel Corporation (NYSE: X) (“U. S. Steel” or “the Company”) today confirmed that it has invited Cleveland-Cliffs Inc. (“Cleveland-Cliffs”) to participate in its previously announced strategic review process. The Company previously disclosed it has commenced a formal review process, with the assistance of outside financial and legal advisors, to evaluate strategic alternatives for the Company after receiving multiple unsolicited proposals that ranged f.

U. S. Steel Confirms Receipt of Unsolicited Proposals from Cleveland-Cliffs and Multiple Other Parties; Reaffirms Competitive Strategic Review Process to Maximize Stockholder Value

Cleveland-Cliffs said it offered cash and stock worth $35 a share for its main competitor, valuing U.S. Steel at more than $7 billion.

U.S. Steel Rejects Offer from Cleveland-Cliffs

The Gilded Age company said a partial or full sale is being considered.

U.S. Steel Eyes Potential Sale After Several Unsolicited Bids

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) (“Cleveland-Cliffs” or “Cliffs”) is publicly announcing a previously private offer that it had presented to the Board of the United States Steel Corporation (NYSE:X) (“U.S. Steel”) on July 28, 2023. That offer, which was reiterated in writing to the U.S. Steel Board on August 11, 2023, proposed acquiring 100% of the outstanding stock of U.S. Steel for a per share value of $17.50 in cash and 1.023 shares of Cliffs stock. On July 28, 2.

Cleveland-Cliffs Proposes to Acquire U.S. Steel

United States Steel Corp. (X) is considering a sale after fielding acquisition offers, according to a Sunday press release from the company.

US Steel receiving acquisition offers as company promises to maximize stockholder value

PITTSBURGH--(BUSINESS WIRE)--United States Steel Corporation (NYSE: X) (“U. S. Steel”) today announced that its Board of Directors has decided to initiate a formal review process, with the assistance of outside financial and legal advisors, to evaluate strategic alternatives for the Company. The Board of Directors and management team are committed to acting in the best interests of the Company, its stockholders and its stakeholders. U. S. Steel has made significant progress transforming the Com.

U. S. Steel Announces Strategic Alternatives Process

PITTSBURGH--(BUSINESS WIRE)--United States Steel Corporation (NYSE: X) (“U. S. Steel”) and Google Cloud today announced a new collaboration to build applications using Google Cloud's generative artificial intelligence (“gen AI”) technology to drive efficiencies and improve employee experiences in the largest iron ore mine in North America. As a leading manufacturer engaging in gen AI with Google Cloud, U. S. Steel continues to advance its more than 100-year legacy of innovation. The first gen A.

U. S. Steel Aims to Improve Operational Efficiencies and Employee Experiences with Google Cloud's Generative AI

Nucor

Steel Dynamics

Nucor, U.S. Steel and others are counting on infrastructure projects and auto production to raise demand.

U.S. Steelmakers Are Still Expanding as Demand Slows

PITTSBURGH--(BUSINESS WIRE)---- $X #BestForAll--United States Steel Corporation (NYSE: X) (“U. S. Steel”) today announced the appointment of Emily Chieng as Investor Relations Officer, effective September 2023. She succeeds Kevin Lewis who was appointed Vice President, Finance in December 2022. In her role, Chieng will focus on enhancing understanding and awareness of the company's Best for All® strategy by facilitating communications between current and prospective investors, the company's senior leadership team.

U. S. Steel Names Goldman Sachs Alum Emily Chieng as Investor Relations Officer

U.S. Steel (X) exceeds Q2 estimates despite lower year-over-year average selling prices in most segments and reduced shipments.

U.S. Steel's (X) Q2 Earnings and Revenues Top Estimates

United States Steel Corp (NYSE:X ) Q2 2023 Earnings Conference Call July 28, 2023 8:30 AM ET Company Participants Kevin Lewis - Vice President, Finance David Burritt - President and Chief Executive Officer Jessica Graziano - Senior Vice President and Chief Financial Officer Richard Fruehauf - Senior Vice President and Chief Strategy and Sustainability Officer Conference Call Participants Tristan Gresser - BNP Paribas Exane Carlos De Alba - Morgan Stanley Curt Woodworth - Credit Suisse Alexander Hacking - Citi Operator Good morning, everyone, and welcome to the United States Steel Corporation Second Quarter 2023 Earnings Conference Call and Webcast. As a reminder, today's call is being recorded.

United States Steel Corp (X) Q2 2023 Earnings Call Transcript

Although the revenue and EPS for U.S. Steel (X) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

U.S. Steel (X) Reports Q2 Earnings: What Key Metrics Have to Say

United States Steel (X) came out with quarterly earnings of $1.92 per share, beating the Zacks Consensus Estimate of $1.86 per share. This compares to earnings of $3.86 per share a year ago.

United States Steel (X) Surpasses Q2 Earnings and Revenue Estimates

PITTSBURGH--(BUSINESS WIRE)---- $X #BestForAll--United States Steel Corporation (NYSE: X) reported second quarter 2023 net earnings of $477 million, or $1.89 per diluted share. Adjusted net earnings was $483 million, or $1.92 per diluted share. This compares to second quarter 2022 net earnings of $978 million, or $3.42 per diluted share. Adjusted net earnings for the second quarter 2022 was $1,116 million, or $3.89 per diluted share. Commenting on the second quarter's performance, U. S. Steel President and Chief.

U. S. Steel Delivers Another Strong Quarter; Best for All® Strategy On-Track

Ford Motor Company

Intel

T-Mobile US

After U.S. markets closed on Tuesday, Alphabet beat estimates on both the top and bottom lines.

Earnings Previews: Ford, Intel, T-Mobile, US Steel

PITTSBURGH--(BUSINESS WIRE)--U. S. Steel (NYSE: X) announced today that for the third consecutive year, the Company was recognized as a “Best Place to Work for Disability Inclusion,” with a top score of 100 on the Disability Equality Index® (DEI). Also this year, U. S. Steel's President and CEO, David B. Burritt, joined more than 150 other global CEOs that have signed Disability:IN's “CEO Letter on Disability Inclusion,” a collective call to advance disability inclusion in the workplace. Over t.

U. S. Steel Recognized as a 'Best Place to Work for Disability Inclusion' with Top Disability Equality Index Score

A discussion of Future Energy and the demand for steel. Why United States Steel Corporation has two catalysts that could drive its shares higher. According to my estimates, United States Steel Corporation is priced at around 5x this year's EPS.

United States Steel: Future Energy Isn't Happening Without Steel

Favorable end-market demand, healthy order entry and higher selling prices are likely to have aided U.S. Steel's (X) second-quarter results.

U.S. Steel (X) to Report Q2 Earnings: What's in the Offing?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

News for United States Steel Stock (X)