According to an official press release, the company announced adjusted net earnings of US$3.64 per diluted share for the fourth quarter of 2021, up from US$0.22 per diluted share in the fourth quarter of 2020. Its full-year adjusted net earnings were US$13.48 per diluted share.
 
“2021 was a year of records and we delivered with record earnings and free cash flow and record safety, environmental, quality, and reliability performance,” U. S. Steel president and chief executive officer David B. Burritt said. “We enter 2022 from a position of strength and are relentlessly focused on continuing our disciplined approach to creating stockholder value. Our balance sheet has been transformed, record cash significantly de-risks strategy execution and our capital allocation priorities have enhanced direct stockholder returns. We are a fundamentally different company from a year ago and expect 2022 to be another strong year.”
 
Burritt said 2022 is expected to be “another year of strategic progress and upon completion, our announced strategic investments will deliver approximately US$850 million of incremental through-cycle earnings power with winning customer solutions while reducing our capital and carbon intensity. We are becoming a better, not bigger company as we continue to innovate and develop the next generation of our sustainable steel solutions for our people and our planet."
 
Read the full press release here.