United States Steel Corp. (NYSE:X) reported full-year 2017 net earnings of $387 million, or $2.19 per diluted share. Adjusted net earnings were $341 million, or $1.94 per diluted share. That compares with a full-year 2016 net loss of $440 million, or $2.81 per diluted share. Adjusted net loss for 2016 was $250 million, or $1.60 per diluted share.
Fourth quarter 2017 net earnings were $159 million, or 90 cents per diluted share. Adjusted net earnings for the fourth quarter 2017 were $136 million, or 76 cents per diluted share. That compares with a fourth quarter 2016 net loss of $105 million, or 61 cents per diluted share. Fourth quarter 2016 adjusted net earnings were $47 million, or 27 cents per diluted share.
“We finished the year with three solid quarters as investments in our assets helped to provide more stable operating performance, and results for all three of our reportable segments were in line with our expectations. We made good progress on our asset revitalization program in 2017, achieved the quality and reliability improvements we committed to for 2017, and are confident that we will achieve our 2018 improvement objectives,” said President and Chief Executive Officer David B. Burritt.
The company expects 2018 net earnings of approximately $685 million, or $3.88 per diluted share, and EBITDA of approximately $1.5 billion.