United States Steel Corporation Reports First Quarter 2020 Results
United States Steel Corporation (X)
Last united states steel corporation earnings: 4/30 04:16 pm
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US:NYSE Investor Relations:
ussteel.com/investors
Company Research
Source: GlobeNewswire
Net loss of $391 million, or $2.30 per diluted shareAdjusted net loss of $123 million, or $0.73 per diluted shareAdjusted EBITDA of $64 millionLiquidity of $1.82 billion, including cash of $1.35 billion PITTSBURGH, April 30, 2020 (GLOBE NEWSWIRE) -- United States Steel Corporation (NYSE: X) reported first quarter 2020 net loss of $391 million, or $2.30 per diluted share. Adjusted net loss was $123 million, or $0.73 per diluted share. This compares to first quarter 2019 net earnings of $54 million, or $0.31 per diluted share. Adjusted net earnings for first quarter 2019 were $81 million, or $0.47 per diluted share. Earnings Highlights Quarter Ended March 31, March 31,(Dollars in millions, except per share amounts)2020 2019Net Sales$2,748 $3,499 Segment (loss) earnings before interest and income taxes Flat-Rolled$(35) $95 U. S. Steel Europe(14) 29
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