US Steel Q1 2009 results

US Steel released Q1 2009 earnings results yesterday.  The company’s press release can be found here.  US Steel reported an operating loss of ($478) million.  EBITDA per ton was ($99), the lowest number reported so far among the companies tracked on the Nerds of Steel earnings spreadsheet.  To raise/conserve cash US Steel also cut its dividend and announced its  intention to issue common equity and convertible notes.

Tagged as: EBITDA, financial results, operating income, US Steel

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