(Boursier.com) — U.S. Steel, the American steel giant, yesterday provided an estimate of adjusted net income per share for the fourth quarter of 2023 ranging from 20 to 25 cents, compared to a consensus of 19 cents. Fourth-quarter 2023 adjusted Ebitda is expected to be approximately $250 million. Commenting on the guidance, Chief Executive Officer David B. Burritt said: “Our expected fourth quarter performance is consistent with feedback provided in our October earnings release… Our diversified backlog has enabled us to to reuse the tons affected by the strike to other customers. In our Tubular segment, increased shipments are expected to more than offset the impact of lower selling prices. We are focusing on the things we can control and “We look forward to another quarter of strong performance (…). Looking ahead, domestic steel markets are improving, customer demand is increasing and spot sales prices are increasing.”
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