United States Steel (NYSE:X) issued fiscal Q1/24 earnings guidance that fell short of analysts’ expectations. The steelmaker anticipates Q1 adjusted EPS to range from $0.80 to $0.84, compared to analysts’ forecasts of $0.89.

Additionally, U.S. Steel expects its adjusted EBITDA for the quarter to be around $425 million, which is lower than the consensus estimates of $467.5 million.

CEO David Burritt emphasized the company’s focus on its operations and progress towards finalizing its deal with Nippon Steel Corporation. He also noted that the expected performance for Q1 aligns with their previous forecasts, attributing it to solid steel demand, strong operating results, and the company’s commitment to satisfying its customers.

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