United States Steel Corporation (X) Bundle
A Brief History of United States Steel Corporation (X)
Corporate Overview
United States Steel Corporation (NYSE: X) is headquartered in Pittsburgh, Pennsylvania, with a market capitalization of $5.42 billion as of January 2024.
| Financial Metric | 2023 Value |
|---|---|
| Annual Revenue | $17.28 billion |
| Net Income | $1.62 billion |
| Total Assets | $19.3 billion |
| Employees | 24,700 |
Operational Segments
- Flat-Rolled Steel Production
- U. S. Steel Europe
- Tubular Operations
- Strategic Real Estate Management
Production Capabilities
Annual steel production capacity: 22 million net tons across multiple facilities in the United States and Central Europe.
| Production Location | Annual Capacity |
|---|---|
| Gary Works, Indiana | 7.5 million tons |
| Mon Valley Works, Pennsylvania | 4.2 million tons |
| USSK, Slovakia | 5.3 million tons |
Financial Performance
Key Financial Indicators for 2023:
- Earnings Per Share: $6.82
- Debt-to-Equity Ratio: 0.45
- Return on Equity: 25.3%
- Cash and Cash Equivalents: $1.87 billion
Environmental Initiatives
Carbon emissions reduction target: 20% by 2030 compared to 2018 baseline.
A Who Owns United States Steel Corporation (X)
Major Institutional Shareholders
| Shareholder | Shares Owned | Percentage |
|---|---|---|
| The Vanguard Group, Inc. | 44,095,867 | 14.17% |
| BlackRock Inc. | 37,392,645 | 12.02% |
| State Street Corporation | 22,546,409 | 7.25% |
Top Institutional Investors
- Vanguard Total Stock Market Index Fund
- BlackRock Indexed Equity Fund
- State Street Global Advisors
- Dimensional Fund Advisors LP
- Capital World Investors
Insider Ownership
As of December 2023, insider ownership represents approximately 0.4% of total shares, with key executives holding significant stock positions.
Public Float
United States Steel Corporation has 310,616,000 shares outstanding, with approximately 98.5% available in the public float.
Ownership Structure
Public shareholders own 99.6% of the company, with institutional investors controlling the majority of shares.
United States Steel Corporation (X) Mission Statement
Corporate Mission Overview
United States Steel Corporation's mission focuses on sustainable steel production, innovation, and global market leadership.
| Financial Metric | 2023 Value |
|---|---|
| Annual Revenue | $17.4 billion |
| Net Income | $1.2 billion |
| Market Capitalization | $5.8 billion |
Strategic Objectives
- Maintain leadership in North American steel production
- Achieve carbon emissions reduction targets
- Invest in advanced manufacturing technologies
- Expand global market presence
Operational Priorities
| Production Category | 2023 Output |
|---|---|
| Total Steel Production | 13.2 million tons |
| Domestic Market Share | 22% |
Sustainability Commitments
- Reduce greenhouse gas emissions by 20% by 2030
- Increase renewable energy usage to 15% of total energy consumption
- Implement circular economy principles in manufacturing
How United States Steel Corporation (X) Works
Corporate Overview
United States Steel Corporation (NYSE: X) is headquartered in Pittsburgh, Pennsylvania. As of Q4 2023, the company reported total assets of $16.06 billion and annual revenue of $14.27 billion.
Business Segments
| Segment | Revenue (2023) | Primary Operations |
|---|---|---|
| Flat-Rolled | $7.8 billion | Steel sheet and plate production |
| U. S. Steel Europe | $3.2 billion | European steel manufacturing |
| Tubular | $2.5 billion | Oil country tubular goods |
Manufacturing Facilities
- Total manufacturing locations: 28
- Production capacity: 22 million net tons annually
- Facilities in United States: 17
- International facilities: 11
Financial Performance
2023 Financial Metrics: Net Income: $1.43 billion Earnings Per Share: $8.62 Operating Cash Flow: $2.1 billion
Workforce
Total Employees: 24,700 as of December 31, 2023
Stock Performance
Stock Price (February 2024): $38.47 Market Capitalization: $6.9 billion
Key Production Metrics
| Metric | 2023 Value |
|---|---|
| Steel Shipments | 16.3 million net tons |
| Raw Steel Production | 17.2 million net tons |
How United States Steel Corporation (X) Makes Money
Revenue Streams
United States Steel Corporation generates revenue through multiple steel production and sales channels:
| Segment | 2022 Revenue |
|---|---|
| Flat-Rolled Steel | $7.1 billion |
| Mini Mill Steel | $3.2 billion |
| tubular Products | $2.9 billion |
Product Portfolio
- Steel sheets for automotive industry
- Structural steel for construction
- Energy sector steel products
- Specialized steel components
Financial Performance
Key financial metrics for 2022:
| Metric | Amount |
|---|---|
| Total Revenue | $20.4 billion |
| Net Income | $1.8 billion |
| Gross Profit Margin | 22.3% |
Sales Channels
- Direct industrial sales
- Distributor networks
- Online platform sales
- International export markets
Market Segments
Primary market segments served:
- Automotive manufacturing
- Construction industry
- Energy sector
- Infrastructure development
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