Where Will United States Steel Corporation Be in 3 Years?
During U.S. Steel's (NYSE: X) second-quarter conference call, CEO Dave Burritt made it clear that the company's focus over the next few years will be to revitalize its assets. He spent the bulk of his prepared remarks detailing the company's plan to invest in itself so it can improve its operational performance, which should significantly boost earnings. Here's a look at how U.S. Steel expects those investments to transform the company by 2020.
U.S. Steel has two areas of focus right now: operations and geopolitical challenges. While Burritt and his team are doing all they can to help overcome the geopolitical hurdles, which include unfairly traded steel, the outcome of that pursuit is mostly out of the company's hands. However, what it can control is its operations, which is why Burritt stated on the call, "To be very clear, my primary focus is on operations." Burritt explained this by saying, "When we execute at our steel mills well, it shows." He also added, "Achieving operational excellence is what's going to make the difference for this company."
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Source: Fool.com
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