X - U.S. Steel Guides Q1 EPS Below Street Estimate Says Nippon Steel Merger Will Make It 'Best Steelmaker' | Benzinga
United States Steel Corporation (NYSE:X) provided first-quarter FY24 guidance today.
The company expects adjusted EPS of $0.80-$0.84 (vs. consensus of $0.89) and sees adjusted EBITDA of around $425 million.
U.S. Steel expects the Flat-Rolled segment’s adjusted EBITDA to be higher Q/Q, owing to higher spot steel prices and favorable impact from fixed-priced contracts negotiated for 2024.
The Mini Mill segment’s adjusted EBITDA is expected to nearly double the fourth quarter’s performance, with average selling prices projected to increase Q/Q ...