United States Steel Corporation (NYSE:X) Q3 2023 Earnings Conference Call October 27, 2023 8:30 AM ET

Company Participants

Kevin Lewis - VP, Finance

David B. Burritt - President and CEO

Jessica T. Graziano - SVP and CFO

Richard L. Fruehauf - SVP, Chief Strategy and Sustainability Officer

Conference Call Participants

William Peterson - J.P. Morgan

Alexander Hacking - Citigroup

Carlos De Alba - Morgan Stanley

Tristan Gresser - BNP Paribas Exane

Gordon Johnson - GLJ Research

Operator

Good morning, everyone, and welcome to the United States Steel Corporation Third Quarter 2023 Earnings Conference Call and Webcast. As a reminder, today's call is being recorded. I'll now hand the call over to Kevin Lewis, Vice President, Finance.

Kevin Lewis

Thank you, Tommy. Good morning and thank you for joining our third quarter 2023 earnings call. Joining me on today's call is U.S. Steel President and CEO, Dave Burritt; Senior Vice President and CFO, Jessica Graziano; and Senior Vice President and Chief Strategy and Sustainability Officer, Rich Fruehauf. I would also like to take the opportunity to welcome Emily Chieng who recently joined U.S. Steel as our Investor Relations Officer. Emily brings tremendous experience from her time as a sell-side analyst covering metals and mining. I know many of you already had the chance to meet Emily in her new role and we look forward to your continued engagement with her and the Investor Relations team.

This morning, we posted slides to accompany today's prepared remarks. These can be found on the U.S. Steel Investor Relations page, under the overview section. Before we start, let me remind you that some information provided during this call may include forward-looking statements that are based on certain assumptions and are subject to a number of risks and uncertainties, as described in our SEC filings, and actual future results may vary materially. Forward-looking statements in the press release that we issued yesterday, along with our remarks today are made as of today, and we undertake no duty to update them as actual events unfold. With that I would like to turn the conference call over to U.S. Steel President and CEO, Dave Burritt who will begin on Slide 4.

David B. Burritt

Thank you, Kevin and good morning to all of you joining us. We appreciate your continued interest in U.S. Steel and look forward to this morning's discussion. But as we begin, we are deeply saddened by recent events in Ukraine, the Middle East, or earlier this week in Maine. Our thoughts and prayers go out to those impacted by these tragedies. But this morning we'd like to focus on three key messages that will shape our commentary. First, a high level of interest in U.S. Steel that has come to light from the strategic alternatives review process. Second, the continued strong performance of the business today, as Jess will discuss in our third quarter results. And third, the opportunity we have today to bridge the market to higher expected EBITDA than what we currently believe is being projected by the Street for 2024.