United States Steel Corporation (X - Free Report) has issued guidance for third-quarter 2023. The company expects adjusted net earnings per share to be within the range of $1.10 to $1.15. Additionally, it anticipates adjusted EBITDA for the third quarter to be approximately $550 million.
The company is poised for a strong performance in the third quarter, with each of its operational segments exceeding prior expectations, leading to a healthy adjusted EBITDA. This enhanced performance results from a more resilient commercial portfolio and strategic management actions that have yielded increased cost efficiencies. Notably, the guidance considers the anticipated effects of the United Autoworkers union strike announced earlier this month.
