U.S. Steel finding workarounds to ease raw material disruptions from Russia

  • U.S. Steel (X) is seeing consistently strong orders from equipment manufacturers for autos and appliances as well as the construction industry, which will help it extend record earnings, CEO David Burritt said on the company's earnings conference call.
  • The steelmaker, whose $3.05 Q1 adjusted EPS beat Wall Street estimates, said it will seek to "meaningfully" increase stock buybacks in Q2 to reward investors in anticipation of some of its most profitable quarters ahead.
  • CFO Christine Breves said U.S. Steel (X) had arranged for alternative supplies of iron ore and coal for its Slovakia mill to reduce its reliance on shipments from Russia.
  • The company told analysts all coal deliveries from Russia to the Slovakia mill are stopped, with "uninterrupted flow" of iron ore directly into the mill, which has ~78 days of inventory, and shipment volume from Europe is expected to remain consistent in the coming quarter.

    Over the current book year the company from could achieve a revenue around 16.43 billion USD (consensus estimates). The expected revenue would be the highest in her history. This is slightly lower than 2022's revenue of 18.05 billion USD.

    Historical revenues and results US Steel plus estimates 2023

    koersdata

    The analysts expect for 2023 a net profit of 835 million USD. Most of the analysts anticipate on a profit per share of 3.38 USD. The PE-ratio therefore is 13.49.

    For this year the analysts expect a dividend of 20 cents per share. The dividend yield is then 0.44 percent. The average dividend yield of the industrial companies is an attractive 3.44 percent.

    US Steel 's market value equals around 10.41 billion .

    On Friday the stock closed at 45.6 USD.

    Historical stock prices US Steel

    fundamental data ussteel

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