United States Steel Corporation Reports First Quarter 2017 Results

Earnings Highlights

(Dollars in millions, except per share amounts)

1Q 2017

4Q 2016

1Q 2016

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Kurse

US Steel Corp. 38,59 $ -0,90%

Net Sales

$

2,725

$

2,650

$

2,341

Segment loss before interest and income taxes

     Flat-Rolled

$

(90)

$

65

$

(188)

     U. S. Steel Europe

87

63

(14)

     Tubular

(57)

(87)

(64)

     Other Businesses

13

21

14

Total segment (loss) earnings before interest and income taxes

$

(47)

$

62

$

(252)

Postretirement (expense) benefit income

(16)

26

16

Other items not allocated to segments

(35)

(152)

(25)

Loss before interest and income taxes

$

(98)

$

(64)

$

(261)

Net interest and other financial costs

63

43

65

Income tax provision (benefit)

19

(2)

14

Less: Net earnings attributable to the noncontrolling interests

—

—

—

Net loss attributable to United States Steel Corporation

$

(180)

$

(105)

$

(340)

-Loss per basic share

$

(1.03)

$

(0.61)

$

(2.32)

-Loss per diluted share

$

(1.03)

$

(0.61)

$

(2.32)

Adjusted earnings (loss) before interest, income taxes, depreciation and amortization (EBITDA) ^(a)

$

74

$

211

$

(107)

^(a) Please refer to the non-GAAP Financial Measures section of this document for the reconciliation of net loss attributable to United States Steel Corporation to adjusted EBITDA.