Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nyse  >  United States Steel Corporation    X

News SummaryMost relevantAll newsSector news 

United States Steel Corporation : U.S. Steel Loss Narrows on Flat-Rolled Unit Strength

share with twitter share with LinkedIn share with facebook
share via e-mail
01/29/2013 | 03:06pm CET

U.S. Steel Corp.'s (X) fourth-quarter loss narrowed as the steelmaker posted improvement in its flat-rolled and European segments, though revenue slipped.

For the current quarter, the company said it continues to be challenged by uncertain global economic and steel-market conditions, saying it expects slight improvement in the European and tubular segment operating results, with flat-rolled segment results expected to be near break-even.

U.S. Steel, the country's top steelmaker by production, returned to profitability in mid-2011 after nine quarters in the red thanks to a boom in North American oil and gas drilling, though bottom-line results since then have been inconsistent.

The company's European segment has recently rebounded, partially reflecting the sale of its loss-making Serbian unit last year to the Serbian government. The company's remaining European operations, located in Slovakia, have access to healthier Central European markets, the company has said, helping to shield it from the pressure on steelmakers in Southern and Western Europe.

U.S. Steel posted a loss of $50 million, or 35 cents a share, compared with a year-earlier loss of $211 million, or $1.46 a share. The latest quarter included a benefit of six cents a share from a favorable settlement related to a supplier contract dispute, while the year-ago quarter included 35 cents a share in net foreign-currency losses and eight cents a share in environmental-remediation charges.

Net sales fell 6.9% to $4.49 billion.

Analysts polled by Thomson Reuters most recently expected a loss of 75 cents a share on revenue of $4.35 billion.

Gross margin widened to 6% from 3.6%.

The tubular-steel segment's profit dropped 73% to $32 million.

The flat-rolled products segment swung to a profit of $11 million, compared with a year-earlier loss of $72 million.

The European division earned $7 million, compared with a loss of $89 million in the same period last year.

Shares rise 1.9% to $24.16 in premarket trading. The stock is up 12% in the past three months.

Write to Ben Fox Rubin at ben.rubin@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

share with twitter share with LinkedIn share with facebook
share via e-mail
12/06 UNITED STATES STEEL : Donald R. David, United States Army Veteran - Vietnam War
12/05 INVESTORSOBSERVER : releases covered-call reports for Freeport-McMoRan, Pandora,..
11/29 UNITED STATES STEEL : Notice of Lodging of Proposed Consent Decree Under the Cle..
11/23 UNITED STATES STEEL : Apple, US Steel, Jack in the Box Inc., Citigroup, and Ulta..
11/22 TUESDAY SECTOR LEADERS : Non-Precious Metals & Non-Metallic Mining, Apparel Stor..
11/14 UNITED STATES STEEL : Harold G. Hamm Named Chief Roughneck by U. S. Steel Tubula..
11/11 UNITED STATES STEEL : Harold G. Hamm Named Chief Roughneck by U. S. Steel Tubula..
11/10 UNITED STATES STEEL : Learn how to target a 20% return on Valeant Pharmaceutical..
11/09DJCompanies Weigh Impact of Donald Trump Win
11/09 Wall St. analysts' calls on U.S. stocks after Trump win
More news
Sector news : Steel - NEC
11/29DJBrazil's Vale Hopes for Samarco Mining Operations Restart in Mid-2017 -- Upda..
11/29 CITIC aims to cut costs at Sino Iron project, ramp up output
11/29 TATA STEEL : German union leader says will fight for plants in Tata-Thyssen merg..
11/28DJTATA STEEL : Poised to Sell Specialty U.K. Business to Liberty House -- 2nd Upda..
11/28DJTATA STEEL : Poised to Sell Specialty U.K. Business to Liberty House -- Update
More sector news : Steel - NEC
News from SeekingAlpha
12/05 28 Stocks For December 2016
11/30 Steel stocks' price targets upped at J.P. Morgan as higher U.S. prices seen
11/29 Six steel stocks downgraded at Macquarie
11/29 U.S. Steel downgraded at Argus, which says shares look overbought
11/25 Is U.S. Steel About To Do Another Secondary?
Financials ($)
Sales 2016 10 262 M
EBIT 2016 17,1 M
Net income 2016 -337 M
Debt 2016 1 660 M
Yield 2016 0,56%
P/E ratio 2016 -
P/E ratio 2017 32,55
EV / Sales 2016 0,77x
EV / Sales 2017 0,68x
Capitalization 6 200 M
More Financials
Duration : Period :
United States Steel Corpor Technical Analysis Chart | X | US9129091081 | 4-Traders
Full-screen chart
Technical analysis trends UNITED STATES STE...
Short TermMid-TermLong Term
Technical analysis
Income Statement Evolution
More Financials
Mean consensus HOLD
Number of Analysts 17
Average target price 26,2 $
Spread / Average Target -27%
Consensus details
EPS Revisions
More Estimates Revisions
Mario Longhi Filho President, Chief Executive Officer & Director
David S. Sutherland Non-Executive Chairman
David B. Burritt Chief Financial Officer & Executive Vice President
Charles G. Balawajder Chief Information Officer & Vice President
John G. Drosdick Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
VALE SA159.80%44 387
ARCELORMITTAL148.55%24 774
POSCO--.--%19 315
More Results