Cleveland-Cliffs

Cleveland-Cliffs, Inc. is a flat-rolled steel producer, which supplies iron ore pellets to the North American steel industry. It engages in the production of metallics and coke, iron making, steelmaking, rolling and finishing, and downstream tubular components, stamping, and tooling. The company was founded in 1847 and is headquartered in Cleveland, OH.

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Cleveland-Cliffs excels in 2022, focuses on cost efficiency and sustainability

Cleveland-Cliffs had a robust 2022, focusing on financial strength, cost efficiencies, and sustainability initiatives while navigating pricing challenges.
The company's commitment to reducing costs, enhancing client relationships, and pursuing growth opportunities positions it well for future success.
Despite financial challenges, Cleveland-Cliffs remains resilient, prioritizing operational excellence and strategic initiatives for sustainable growth.

Cleveland-Cliffs (CLF) doubles EBITDA in Q1, eyes green energy opportunities

Cleveland-Cliffs (CLF) reported a strong Q1 performance, exceeding expectations in key metrics and profitability. The company's strategic focus on cost management, sustainability, and high-value-added products positions it well for continued success in 2023. While challenges in cost management and inventory levels exist, opportunities in green energy markets and automotive demand offer avenues for growth.

Cleveland-Cliffs (CLF) reports stellar Q2 results and eyes growth opportunities

Cleveland-Cliffs (CLF) excelled in Q2, showcasing financial strength, operational efficiency, and sustainability efforts. While facing challenges in pricing and volume shifts, the company's strategic strengths and growth opportunities position it well for continued success. CLF's focus on innovation, cost reduction, and shareholder value creation underpins its positive outlook.

Cleveland-Cliffs reports robust Q3 earnings, eyes cost efficiencies and growth

Cleveland-Cliffs' Q3 performance reflects financial strength and strategic focus on cost efficiency and shareholder value. Challenges include the impact of the UAW strike and competitive pressures in the automotive industry. The company is well-positioned to capitalize on opportunities for cost savings and diversified demand.

Cleveland-Cliffs (CLF) reports strong Q4 earnings, prioritizes shareholder value

Cleveland-Cliffs (CLF) showcased robust financials in Q4 2023, prioritizing shareholder value through buybacks and debt reduction. Despite challenges in market dynamics and competition, CLF's focus on technological advancement and operational efficiency positions them well for future growth and stability.

Cleveland-Cliffs prioritizes shareholder value and sustainability in Q1 2024

Cleveland-Cliffs prioritizes shareholder value through share buybacks and sustainable initiatives, showcasing a rebound in profitability and commitment to long-term growth.
The company faces challenges from trade imports impacting facilities and pricing misalignments with competitors, while opportunities lie in decarbonization projects and operational enhancements.
Overall, Cliffs' performance in Q1 reflects a strategic focus on shareholder returns, workforce support, and organic growth, positioning itself for sustainable value creation and market expansion.

Cleveland-Cliffs (CLF) reports robust Q2 earnings, eyes growth opportunities

CLF's Q2 performance reflects financial strength, operational efficiency, and strategic priorities for growth and sustainability.
While facing challenges from market dynamics, CLF's disciplined approach to cost management and investments in growth areas offer resilience.
Opportunities in automotive sector, M&A, and sustainability initiatives position CLF for future expansion and value creation.
Overall, CLF's focus on financial discipline, market diversification, and sustainability goals underpin its strategic direction and long-term success.

Cleveland-Cliffs reports Q3 earnings impacted by steel demand challenges

Cleveland-Cliffs navigated challenges in Q3 with commendable cost performance and strategic acquisitions. The company's focus on operational efficiency and market positioning bodes well for future growth. Opportunities for expansion and synergy realization from the Stelco acquisition are key drivers of optimism.

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Cleveland-Cliffs, Inc. operates as a flat-rolled steel company, which supplies iron ore pellets to the North American steel industry. It engages in the production of metallic and coke, iron making, steelmaking, rolling and finishing, and downstream tubular components, stamping, and tooling. The company was founded in 1847 and is headquartered in Cleveland, OH.

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Cleveland-Cliffs (CLF) is likely to have gained from improved sales volumes and lower energy and raw material costs in Q1.

Cleveland-Cliffs (CLF) to Post Q1 Earnings: What's in Store?

Cleveland-Cliffs (CLF) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Why Earnings Season Could Be Great for Cleveland-Cliffs (CLF)

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Cleveland-Cliffs (CLF) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Cleveland-Cliffs (CLF) Expected to Beat Earnings Estimates: Should You Buy?

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) announced today that it has closed its previously priced offering of $750 million aggregate principal amount of senior unsecured guaranteed notes due 2030 (the “Notes”), which were priced at 6.75% annual coupon and issued at par. The Company intends to use the net proceeds from the Notes to repay a portion of the borrowings under its existing asset-based revolving credit facility.

Cleveland-Cliffs Completes Offering of $750 Million of Senior Unsecured Guaranteed Notes due 2030

Cleveland-Cliffs (CLF) provides preliminary Q1 results. It sees improvement in performance due to cost reductions.

Cleveland-Cliffs (CLF) Q1 Profitability Rises on Lower Costs

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) announced today that it has priced $750 million aggregate principal amount of senior unsecured guaranteed notes due 2030 (the “Notes”) in an offering that is exempt from the registration requirements of the Securities Act of 1933 (the “Securities Act”). The Notes will bear interest at an annual rate of 6.75% and will be issued at par.

Cleveland-Cliffs Announces Pricing of $750 Million of Senior Unsecured Guaranteed Notes due 2030

Cleveland-Cliffs Inc. (NYSE:CLF) told investors that it expects to report first-quarter 2023 revenues of approximately $5.2 billion after it shipped 4.1 million net tons of steel.  North America's largest flat-rolled steel producer — formerly called Cliffs Natural Resources — also said in a preliminary 1Q results announcement that adjusted underlying earnings (EBITDA) are likely to be about $200 million, ‘significantly higher' than the $123 million reported for the previous quarter due to unit cost reductions.

Cleveland-Cliffs stock bounces as it reports preliminary 1Q revenue of $5.2B; 'significant' earnings rise

Steel producer Cleveland-Cliffs Inc. CLF, +3.88% said Tuesday it expects its first quarter revenue to come to about $5.2 billion, matching the FactSet consensus. The company is expecting steel shipments of 4.1 million net tons.

Cleveland-Cliffs sees Q1 revenue of about $5.2 billion, matching FactSet consensus

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) today provided its preliminary first-quarter financial results for the period ended March 31, 2023. Selected financial results expectations for the first quarter of 2023 include: Steel shipments of 4.1 million net tons Revenues of approximately $5.

Cleveland-Cliffs Provides Preliminary First-Quarter 2023 Results

Cleveland-Cliffs Inc. CLF shares recorded gains on Thursday, with the stock up about 7% on the year.

Cleveland-Cliffs Options Traders Place High-Stakes Bets: Anticipate Price Surge By May Expiration - Cleveland-Cliffs (NYSE:CLF)

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CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) will announce its first-quarter 2023 earnings results after the U.S. market close on Monday, April 24, 2023. The Company invites interested parties to listen to a live broadcast of a conference call with securities analysts and institutional investors to discuss the results on Tuesday, April 25, 2023, at 10:00 am ET. The call can be accessed at www.clevelandcliffs.

Cleveland-Cliffs to Announce First-Quarter 2023 Earnings Results on April 24 and Host Conference Call on April 25

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CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) today announced that it is increasing current spot market base prices for all carbon hot rolled, cold rolled and coated steel products by a minimum of $100 per net ton, effective immediately with all new orders. Cliffs' minimum base price for hot rolled steel is now $1,300 per net ton. About Cleveland-Cliffs Inc. Cleveland-Cliffs is the largest flat-rolled steel producer in North America.

Cleveland-Cliffs Raises Price for Hot Rolled Steel to $1,300 per net ton

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) announced today the release of its Sustainability Report 2022. The Company is pleased to share its continued progress on environmental, social and governance (ESG) performance for 2022, including the progress made toward its 2030 greenhouse gas (GHG) emissions reduction goal.

Cleveland-Cliffs Inc. Issues Its Sustainability Report for 2022

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CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) was named a 2022 GM Supplier of the Year by General Motors at its 31th annual Supplier of the Year awards ceremony in San Antonio, Texas. This is the sixth consecutive year Cleveland-Cliffs has received the award. GM's Supplier of the Year award recognizes distinguished global suppliers that exceed GM's requirements, in turn providing GM customers with innovative technologies and among the highest quality in the automotive industry.

Cleveland-Cliffs Awarded by General Motors GM's 2022 Supplier of the Year for Sixth Straight Year

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CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) announced today that it continues to address food insecurity as one of its key areas of social responsibility. The Company held its third annual Souper Bowl Food Drive across all of its operations earlier this year and collected 240,000 pounds of non-perishable food items.

Cleveland-Cliffs and Its Employees Donate to Address Food Insecurity in more than 45 Communities Across North America

Cleveland-Cliffs (CLF) reported earnings 30 days ago. What's next for the stock?

Why Is Cleveland-Cliffs (CLF) Down 5.1% Since Last Earnings Report?

In my opinion, the earnings miss that Cleveland-Cliffs suffered in Q4 2022 is just a temporary headwind - it should be better next time. I think Wall Street analysts still somewhat underestimate how much EPS can be impacted by improved margins.

Cleveland-Cliffs: The Patient Investor Will Survive

Cleveland-Cliffs Inc. is well positioned for a stronger steel market. Steel prices are way past the lows of 2022. Cleveland-Cliffs' balance sheet carries more than $5 billion in debt plus pensions. This will get in the way of significant shareholder returns.

News for Cleveland-Cliffs Stock (CLF)