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 reported EBITDA of 395,000,000. There were 6,284,964 eligible hours worked resulting in a profit-sharing amount of $0.99 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.

$0.99 x 520 hours = $514.80
$0.99 x 624 hours = $617.76

In Solidarity, 
Pete Trinidad Sr.
USW 6787
President