Edition:
United Kingdom

U.S. Steel Sees Q2 2019 Adjusted EPS Of About $0.40


Tuesday, 18 Jun 2019 

June 18 (Reuters) - United States Steel Corp ::UNITED STATES STEEL CORPORATION PROVIDES SECOND QUARTER 2019 GUIDANCE.UNITED STATES STEEL - IN U.S., EXPECT FY FLAT-ROLLED SHIPMENTS TO THIRD PARTY CUSTOMERS TO BE ABOUT 11.0 MILLION TONS .UNITED STATES STEEL - IN U.S., EXPECT TO DECREASE MONTHLY BLAST FURNACE PRODUCTION CAPACITY BY ABOUT 200,000-225,000 TONS FROM JULY.SEES Q2 2019 ADJUSTED EARNINGS PER SHARE ABOUT $0.40.EXPECT Q2 2019 ADJUSTED DILUTED EARNINGS PER SHARE TO BE APPROXIMATELY $0.40..EXPECT Q2 2019 ADJUSTED EBITDA TO BE APPROXIMATELY $250 MILLION.UNITED STATES STEEL - IN EUROPE, USSE CONTINUES TO BE NEGATIVELY IMPACTED BY INCREASING LEVELS OF IMPORTS, CONTINUED MARKET HEADWINDS RELATED TO RAW MATERIAL COSTS.US STEEL - ARE IDLING TWO BLAST FURNACES IN U.S. AND ONE BLAST FURNACE IN EUROPE TO BETTER ALIGN CO'S GLOBAL PRODUCTION WITH CO'S ORDER BOOK.US STEEL - IF #2 BLAST FURNACE IN EUROPE REMAINS IDLED FOR REMAINDER OF YEAR, SEES FY USSE SHIPMENTS TO THIRD PARTY CUSTOMERS TO BE ABOUT 3.6 MILLION TONS.UNITED STATES STEEL - EXPECT GREAT LAKES B2 BLAST FURNACE TO REMAIN IDLED AFTER COMPLETION OF PLANNED MAINTENANCE OUTAGE THAT BEGAN LAST WEEK.UNITED STATES STEEL - Q2 ADJUSTED. EBITDA OUTLOOK EXCLUDES ABOUT $15 MILLION OF ESTIMATED Q2 IMPACTS FROM DEC. 24, 2018 FIRE AT CLAIRTON COKE MAKING FACILITY.Q2 SHIPMENTS "ARE LOWER THAN WE EXPECTED DUE TO FLOODING IN THE SOUTHERN UNITED STATES".FOR BOTH USSE AND TUBULAR SEGMENTS, EXPECT Q2 2019 ADJUSTED EBITDA TO BE LOWER THAN Q1 2019.