U.S. Steel (X) expects to post adjusted EBITDA of ~$1.08 billion in fiscal 2017. The company expects its 4Q17 EBITDA to fall sequentially.
U.S. Steel (X) posted adjusted EBITDA of $342 million in 3Q17. The company posted EBITDA of $362 million in 2Q17 and $272 million in 3Q16.
Average selling price is a key metric that steel investors watch closely, and geographical exposure and product portfolios are among the key drivers.
Given its guidance, U.S. Steel’s 4Q17 shipments could be flat compared with shipments in 3Q17.
Steel companies’ revenues are a function of commodity prices and shipments, and it’s ideal for investors to follow quarterly production and shipment data.
U.S. Steel and ArcelorMittal posted better-than-expected revenues and profits in 3Q17, but AK Steel missed consensus estimates for its top and bottom lines.
In October 2017, Genesee & Wyoming’s (GWR) European operations reported a minor volume loss of 0.6% on a YoY (year-over-year) basis.
In October 2017, Genesee & Wyoming recorded a slight fall of 1.7% in its North American freight traffic YoY (year-over-year).
In week 44, which ended on November 4, 2017, Calgary-based Canadian Pacific Railway (CP) witnessed volume gains both in carloads and intermodal units.
Canadian National Railway (CNI), saw a halt in its YoY (year-over-year) carload growth in recent weeks. The week that ended on November 4, 2017, was no exception.
Kansas City Southern (KSU), the smallest US Class I railroad, witnessed volume gains in railcars and intermodal business in the 44th week, which ended November 4, 2017.
CSX Corporation (CSX) registered a 2.3% fall in freight volumes in the 44th week, which ended on November 4, 2017. The company moved ~70,400 railcars.
In week 44, which ended November 4, 2017, Norfolk Southern’s (NSC) railcar volumes rose slightly by 0.2%. However, intermodal shipments rose 7.9%.
Union Pacific (UNP) registered a marginal fall of 0.5% in its overall freight traffic, including intermodal, in the week ended November 4, 2017.
In the week ended November 4, 2017, BNSF Railway’s railcar traffic contracted 1%. It moved about 99,300 railcars.
In the 44th week of 2017, total rail freight traffic in the United States recorded a ~0.9% fall. Overall volumes, including intermodal, decreased to ~539,000 units.
Cimarex Energy’s (XEC) revenues fell 40.0% and 13.0% in 2015 and 2016, respectively.
Symantec Corporation has a dividend yield of 1.0% and a YTD return of 19.7%.
Symantec’s costs and expenses fell 6.0% and 31.0% in 2015 and 2016, respectively.
Devon Energy Corporation’s 56.0% dividend cut in 2016 was followed by a 43.0% cut in 2017.