-=U.S. Steel (X) reported earnings on Fri 27 Apr 2018 (b/o)

U.S. Steel beats by $0.02, reports revs in-line; experiencing some operational challenges at Great Lakes Works 

• Reports Q1 (Mar) earnings of $0.32 per share, excluding non-recurring items, $0.02 better than the Capital IQ Consensus of $0.30; revenues rose 15.6% year/year to $3.15 bln vs the $3.15 bln Capital IQ Consensus.
  • Co reports Q1 adjusted EBITDA of $255 mln, slightly above guidance of $250 mln.
  • In spite of operational issues related to weather and ongoing challenges with assets not yet revitalized, co says Q1 was in line with intenral expectations.
• Co raises 2018 adjusted EBITDA guidance to $1.70-1.80 bln, up from prior guidance of approx $1.70 bln.
• Co guides to Q2 adjusted EBITDA of approximately $400 mln.
• Co says it's beginning the second year of its asset revitalization program, and co is already seeing benefits from the investments. Co expects the possibility of continued operational volatility for those assets yet to be revitalized.
• Co is experiencing operational challenges at its steelmaking facility at Great Lakes Works that co expects will have an unfavorable EBITDA impact of approximately $30 mln on Q2 results.