Welcome to our dedicated page for U. S. Steel news (Ticker: X), a resource for investors and traders seeking the latest updates and insights on U. S. Steel stock.
U.S. Steel Corporation (X) maintains its position as a leading integrated steel producer through continuous operational updates and strategic developments. This page serves as the definitive source for verified news about production innovations, financial results, and market initiatives across its North American and European operations.
Investors and industry professionals will find curated updates on flat-rolled steel advancements, mini mill efficiencies, and tubular product applications. Our aggregation includes earnings disclosures, sustainability progress reports, and material partnerships affecting key sectors like automotive and construction.
All content undergoes strict verification to ensure accuracy regarding production capabilities and corporate governance matters. Regular updates provide insights into technological investments and operational adjustments that maintain U.S. Steel's competitive edge in global markets.
Bookmark this resource for streamlined access to operational updates and regulatory filings. Combine these verified reports with broader market analysis for comprehensive investment research.
Nextracker has announced the reopening of the Bethlehem Steel manufacturing factory in Leetsdale, Pennsylvania, in collaboration with BCI Steel. This marks Nextracker's third new factory as part of its initiative to expand its solar tracker production capacity to 10 GW annually. The factory will utilize both new and reshored equipment and aims to meet the growing demand for solar trackers in the Mid-Atlantic and Heartland regions. Nextracker is focused on enhancing U.S. solar supply chains and has already procured over 100,000 tons of U.S.-made steel this year.
United States Steel has announced a significant $3,459,554 award from the DOE for a front-end engineering design study on carbon dioxide removal technologies. The University of Illinois will lead the study at U.S. Steel's Gary Works in Indiana, utilizing direct air capture technology to remove 5,000 metric tons of CO2 annually and mineralize it in concrete. This initiative supports U.S. Steel's goal of achieving net-zero emissions by 2050 and emphasizes collaboration and innovation in carbon capture.
United States Steel Corporation (NYSE:X) announced its second quarter 2022 guidance, projecting an adjusted EBITDA of approximately $1.6 billion, marking a record performance. Expected adjusted net earnings per diluted share will range from $3.83 to $3.88. CEO David Burritt highlighted strong demand across diverse markets and a solid balance sheet with no major debt until 2029. The company repurchased $320 million in stock, with $210 million remaining under the current buyback authorization.
United States Steel Corporation (NYSE: X) has appointed Jessica T. Graziano as Senior Vice President and Chief Financial Officer, effective August 8, 2022. Reporting directly to CEO David B. Burritt, Graziano will oversee finance functions, including financial planning, accounting, and investor relations. With eight years at United Rentals and prior experience at Revlon, Graziano aims to enhance U. S. Steel’s Best for All strategy. The company focuses on sustainable steel solutions and maintains an annual raw steel production capability of 22.4 million net tons.
United States Steel Corporation (NYSE:X) and the Pittsburgh Penguins announced a joint effort for an $18 million capital campaign to renovate the Braddock Carnegie Library. Co-chaired by hockey legend Bryan Trottier and U. S. Steel's CEO David B. Burritt, this initiative aims to modernize the library, enhancing access and facilities for approximately 15,000 residents in the Mon Valley. U. S. Steel contributes $500,000 to kickstart fundraising, which has already garnered $8 million from various foundations. This community-focused project emphasizes education and accessibility.
United States Steel Corporation (NYSE:X) has declared a $0.05 dividend per share, payable on June 8, 2022, to shareholders on record as of May 9, 2022. The company, established in 1901, emphasizes safety and sustainability through its Best for All® strategy. U. S. Steel produces high-value-added steel products for critical industries like automotive and energy, with an annual production capability of 22.4 million net tons.
United States Steel Corporation (NYSE: X) reported record first quarter 2022 net earnings of $882 million, equating to $3.02 per diluted share, a significant rise from $91 million in Q1 2021. Adjusted net earnings were $891 million, or $3.05 per diluted share. Total net sales surged to $5.234 billion, up from $3.664 billion year-over-year. Adjusted EBITDA reached $1.337 billion, highlighting strong operational performance despite global challenges. The Mini Mill segment demonstrated robust growth with 38% EBITDA margins, and the company generated over $400 million in free cash flow.
United States Steel Corporation (NYSE: X) will announce its Q1 2022 financial results on April 28, 2022, after market close. A webcast is scheduled for April 29, 2022, at 8:30 a.m. ET to discuss results and company updates. This quarter, U. S. Steel is enhancing investor engagement by partnering with Say Technologies to take questions from investors before the earnings call. Key executives, including David B. Burritt, will participate in the webcast. Investors can access the webcast via the U. S. Steel website.
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