Stock Monitor: Reliance Steel & Aluminum Post Earnings Reporting

LONDON, UK / ACCESSWIRE / February 16, 2018 / Active-Investors.com has just released a free earnings report on United States Steel Corp. (NYSE: X) ("US Steel"). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=X. The Company reported its fourth quarter fiscal 2017 and full fiscal year 2017 operating and financial results on January 31, 2018. The steel maker outperformed top- and bottom-line expectations and provided guidance for FY18. Register today and get access to over 1000 Free Research Reports by joining our site below:

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Active-Investors.com is currently working on the research report for Reliance Steel & Aluminum Co. (NYSE: RS), which also belongs to the Basic Materials sector as the Company United States Steel. Do not miss out and become a member today for free to access this upcoming report at:

www.active-investors.com/registration-sg/?symbol=RS

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, United States Steel most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=X

Earnings Highlights and Summary

For the fourth quarter of 2017, US Steel's net sales advanced 18% to $3.13 billion compared to $2.65 billion for Q4 2016. The Company's revenue numbers topped analysts' expectations of $3.07 billion.

For the full year FY17, US Steel's net sales were $12.25 billion, reflecting an increase of 19% compared to $10.26 billion in FY16.

For Q4 2017, US Steel reported adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) of $309 million, up 46% compared to $211 million in Q4 2016.

During Q4 2017, US Steel's net earnings were $159 million, or $0.90 per diluted share, compared to a net loss of $105 million, or $0.61 loss per diluted share, in Q4 2016. The Company's adjusted net earnings were $136 million, or $0.76 per diluted share, for the reported quarter versus $47 million, or $0.27 per diluted share, for the year earlier same quarter; beating Wall Street's estimates of $0.68 per share.

US Steel reported net earnings of $387 million, or $2.19 per diluted share, in FY17 compared to a net loss of $440 million, or $2.81 loss per diluted share in FY16. For FY17, the Company's adjusted net earnings were $341 million, or $1.94 per diluted share, versus an adjusted net loss of $250 million, or $1.60 per diluted share, for FY16. US Steel's Q4 2017 and FY17 results included favorable impacts of $139 million and $344 million, respectively, related to the Company's change in the accounting method for property, plant, and equipment.

Operating Results

During Q4 2017, US Steel's total steel shipments were 3,873 thousands of net tons compared to 3,768 thousands of net tons in Q4 2016. The Company's flat-rolled steel shipments grew 3% to 2,442 thousands of net tons in the reported quarter compared to 2,369 thousands of net tons in the year ago same period. US Steel's average selling price per flat-rolled steel ton increased 4% to $717 per net ton in Q4 2017 compared to $692 per net ton in Q4 2016.

US Steel's total steel shipments were 15,160 thousands of net tons in in FY17 compared to 14,990 thousands of net tons in FY16. The Company's flat-rolled steel shipments fell 2% to 9,887 thousands of net tons in FY17 versus 10,094 thousands of net tons in the year ago comparable period. US Steel's average selling price per flat-rolled steel ton advanced 9% to $726 per net ton for FY17 compared to $666 per net ton in FY16.

Cash Matters

US Steel's total liquidity increased by over $400 million in FY17, and the Company ended the year at approximately $3.350 billion. For the twelve months ended December 31, 2017, the Company's cash provided by operating activities totaled $802 million compared to $731 million in the year ago.

Outlook

For the full fiscal year 2018, US Steel is forecasting net earnings of approximately $685 million, or $3.88 per diluted share, and EBITDA of approximately $1.5 billion.

Stock Performance Snapshot

February 15, 2018 - At Thursday's closing bell, United States Steel's stock was marginally up 0.78%, ending the trading session at $38.99.

Volume traded for the day: 11.14 million shares, which was above the 3-month average volume of 10.64 million shares.

Stock performance in the last three-month ? up 46.19%; previous six-month period ? up 58.30%; and year-to-date ? up 10.80%

After yesterday's close, United States Steel's market cap was at $6.77 billion.

Price to Earnings (P/E) ratio was at 17.89.

The stock has a dividend yield of 0.51%.

The stock is part of the Basic Materials sector, categorized under the Steel & Iron industry. This sector was flat at the end of the session.

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