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PITTSBURGH - United States Steel Corporation (NYSE:X) announced a quarterly dividend of $0.05 per share on Wednesday, while reporting fourth quarter earnings that fell short of analyst estimates.
The steel producer posted an adjusted loss of -$0.13 per share for Q4, missing the analyst consensus of $0.04 earnings per share. Revenue came in at $3.51 billion, below expectations of $3.6 billion and down from the same quarter last year.
For the first quarter of 2025, U.S. Steel expects adjusted EBITDA between $100 million and $150 million. The company anticipates decreased results in its North American Flat-Rolled segment due to seasonal logistics constraints in mining, which it says will improve in Q2. This is expected to be partially offset by the company’s commercial strategy.
U.S. Steel projects a slight improvement in its European operations, though challenges in pricing and demand persist. The Tubular segment’s performance is anticipated to remain consistent with Q4 levels.
The declared dividend is payable on March 12, 2025, to stockholders of record as of February 10, 2025.
Founded in 1901, U.S. Steel maintains an annual raw steelmaking capability of 25.4 million net tons and operates in the United States and Central Europe.
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