The 9/1/2022 United Steelworkers Basic Labor Agreement (BLA) provides for a profit-sharing pool of 6% of the Company’s profits, defined as Earnings Before Interest and Taxes (EBIT).

There was an adjusted EBITDA of 306,000,000. There were 6,112,508 eligible hours worked resulting in a profit-sharing amount of $0.51 per hour with a maximum of 48 eligible hours per week.

Adjusted EBITDA – Depreciation & Amortization x Profit-Sharing Percentage (6%)  x USW Hours Ratio (60%) ÷ Eligible hours = Payout/hour.

0.51 x 520 hours = $265.20
0.51 x 624 hours = $318.24

In Solidarity, 
Pete Trinidad Sr. 
USW 6787 President