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34	34	== Q4'22 Performance Highlights ==
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	36	+United States Steel Corporation reported net sales of $4,338 million for the 4th quarter of 2022, which was $5,622 million for the same period a year earlier.
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	38	+fourth quarter 2022 net earnings of $174 million, or $0.68 per diluted share. Adjusted net earnings was $226 million, or $0.87 per diluted share and excluded the impact of a one-time signing bonus related to the United Steelworkers labor agreement and other one-time items detailed in the reconciliation of adjusted net earnings table. This compares to fourth quarter 2021 net earnings of $1.07 billion, or $3.75 per diluted share. Adjusted net earnings for the fourth quarter 2021 was $1.43 billion, or $5.01 per diluted share.
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39	39	== Annual Performance Highlights, 2021 ==
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41	41	Revenue is generated primarily from contracts to produce, ship and deliver steel products, and to a lesser extent, raw materials sales such as iron ore pellets and coke by-products and rail road services. Net sales for the twelve months ended December 31, 2022 compared to the same period in 2021 were $21,065 million and $20,275 million, respectively. For the Flat-Rolled segment the increase in sales primarily resulted from higher average realized prices ($89 per ton) primarily from higher value-added products, partially offset by decreased shipments (645 thousand tons) across most products. For the Mini Mill segment the decrease in sales primarily resulted from lower average realized prices ($180 per ton) primarily from lower value-added products partially offset by increased shipments (57 thousand tons), including the partial period of the Company's controlling interest in Big River Steel in January of 2021. For the USSE segment the consistent sales primarily resulted from higher average realized prices ($124 per net ton) across most products, offset by decreased shipments (543 thousand tons) across most products. For the Tubular segment the increase in sales primarily resulted from higher average realized prices ($1,282 per net ton) and increased shipments (79 thousand tons). Earnings before interest and taxes of the company is reported $3,160 million in 2022, down from a profit of $4,946 in 2021. Net income of the company is reported to be $2,524 million, down from a profit of $4,174 million a year earlier. Basic Earnings per share (EPS) of the company during 2022 is $10.22, which was $15.77 a year earlier. Quarterly dividends were declared by U. S. Steel in 2022 in the amount of five cents per share. Quarterly dividends on common stock were one cent per share in the first, second and third quarters and five cents per share in the fourth quarter in 2021.