| For FY2027 |
| Adjusted EBITDA | — | — | — | — | — | — | — | New“exceed $4 billion” |
| Leverage target (debt to EBITDA) | — | — | — | — | — | — | New“under 2.5x debt to EBITDA” | — |
| Leverage target (net debt to EBITDA) | — | — | — | — | — | — | — | New“under 2.5x net debt to EBITDA” |
| For FY2026 |
| Adjusted EBITDA | — | — | — | — | — | — | — | New“approximately $715 million” |
| Adjusted EBITDA | — | — | — | — | — | — | New“approximately $575 million” | — |
| Adjusted EBITDA | — | — | — | — | — | — | New“more than double Q2” | — |
| Adjusted EBITDA | — | — | — | — | — | — | New“approximately $575 million” | — |
| EBITDA | — | — | — | — | — | — | New“even further exceed our Q3 guidance” | — |
| Slab contract termination benefit to annualized EBITDA | — | New“approximate $500 million benefit to our annualized EBITDA from today's levels” | — | — | — | — | — | — |
| Capital expenditures | — | — | — | — | New“approximately $700 million” | Reiterated“approximately $700 million” | Reiterated“approximately $700 million” | — |
| Cash Pension and OPEB payments and contributions | — | — | — | — | New“approximately $125 million” | Reiterated“approximately $125 million” | Reiterated“approximately $125 million” | — |
| Depreciation, depletion and amortization | — | — | — | — | New“approximately $1.1 billion” | Reiterated“approximately $1.1 billion” | Reiterated“approximately $1.1 billion” | — |
| Free cash flow | — | — | — | — | — | New“healthy positive free cash flow” | — | — |
| Quarterly performance | — | — | — | — | — | New“each quarter is expected to improve sequentially” | — | — |
| Selling, general and administrative expenses | — | — | — | — | New“approximately $575 million” | Reiterated“approximately $575 million” | Reiterated“approximately $575 million” | — |
| Steel shipment volumes | — | — | — | — | New“approximately 16.5 - 17.0 million net tons” | Reiterated“approximately 16.5-17.0 million net tons” | Reiterated“approximately 16.5-17.0 million net tons” | — |
| Steel unit cost reductions | — | — | — | — | New“approximately $10 per net ton compared to 2025, inclusive of richer mix impact from expiration of slab contract” | — | — | — |
| For FY2025 |
| Capital expenditures | — | New“approximately $625 million” | Lowered“approximately $600 million” | Lowered“approximately $525 million” | — | — | — | — |
| Cash Pension and OPEB payments and contributions | — | New“approximately $150 million” | Reiterated“approximately $150 million” | Reiterated“approximately $150 million” | — | — | — | — |
| Depreciation, depletion and amortization | — | New“approximately $1.1 billion” | Raised“approximately $1.2 billion” | Reiterated“approximately $1.2 billion” | — | — | — | — |
| Savings from facility idling | — | New“over $300 million” | — | — | — | — | — | — |
| Selling, general and administrative expenses | — | New“approximately $600 million” | Lowered“approximately $575 million” | Lowered“approximately $550 million” | — | — | — | — |
| Steel unit cost reductions | — | New“approximately $50 per net ton compared to 2024” | Reiterated“approximately $50 per net ton compared to 2024” | Lowered“a reduction of approximately $50 per net ton compared to 2024, adjusted for improved automotive shipping volume” | — | — | — | — |
| No period stated |
| Annualized savings from facility idles | — | New“over $300 million annually” | — | — | — | — | — | — |
| Slab contract termination benefit | — | New“approximate $500 million” | — | — | — | — | — | — |
HighGravityData