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.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

Cleveland-Cliffs (CLF) is launching non-oriented electrical steels for electric vehicles to meet rising demand.

Cleveland-Cliffs (CLF) Launches Electrical Steels for EV Market

Recessions have not been kind to Cleveland-Cliffs' shareholders and the cyclical steel industry generally. Declining earnings could easily flip into large operating losses in a deep economic contraction next year.

Cleveland-Cliffs Diving Approaches As Recession Takes Hold

BHP Billiton

Commercial Metals

Nucor

Rio Tinto plc Sponsored

Steel Dynamics

Vale S.A.

United States Steel

Steel stocks were mixed Friday as mining stocks dropped. A China-run consortium may soon be the biggest buyer of iron ore.

Steel Stocks, Mining Giants React As China Iron Ore Consortium Enters Market

We expect an earnings recession in 2023, but a mild Main Street recession. The relationship between demand and pricing is elastic.

Cleveland-Cliffs: It's Time

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 $50 per net ton, effective immediately with all new orders. Cliffs' minimum base price for hot rolled steel is now $750 per net ton. This additional price increase is in response to market feedback following the Company's November price increase, as well as improving dynamics in the raw materials and distribution markets.

Cleveland-Cliffs Announces Additional Price Increase for Hot Rolled, Cold Rolled, and Coated Steel Products

CLEVELAND--( BUSINESS WIRE )--Cleveland-Cliffs Inc. (NYSE: CLF) today announced that it is introducing the MOTOR-MAX product line of non-oriented electrical steels for high frequency motors and generators in the North American market. Cleveland-Cliffs is raising the standards of steel performance once again with its MOTOR-MAX High Frequency Non-Oriented Electrical Steels (HF NOES) brand of electrical steels, which are designed for high speed motors, electric vehicle (EV) traction motors, aircraft generators and other rotating equipment. From research to production, Cleveland-Cliffs has the experience and capabilities to produce the quality electrical steels necessary for these distinctive high performance applications to meet a broad range of customer technical requirements.

Cleveland-Cliffs Introduces New MOTOR-MAX™ Non-Oriented Electrical Steels for High Frequency Motors and Generators

This contract will enable the continued development and planned construction and operations of the 200-megawatt Headwaters III Wind Farm and strengthens EDP Renewables' position as the leading wind energy operator in Indiana This contract will enable the continued development and planned construction and operations of the 200-megawatt Headwaters III Wind Farm and strengthens EDP Renewables' position as the leading wind energy operator in Indiana

EDP Renewables and Cleveland-Cliffs Sign Long-Term Commercial Agreement for a New 200-Megawatt Wind Farm in Indiana

CLEVELAND--( BUSINESS WIRE )--Cleveland-Cliffs Inc. (NYSE: CLF) announced that its initial phase of research being conducted with funding from the U.S. Department of Energy's (DOE) Office of Clean Energy Demonstrations (OCED) is coming to a close. Based on the results of the initial study, Cleveland-Cliffs has submitted an application on Monday, Dec. 5 for funding from the DOE's OCED for the next phase of research for the front-end engineering design (FEED) for large-scale carbon capture at its Burns Harbor integrated iron and steel facility located in Northwest Indiana.

Cleveland-Cliffs Submits Application for Front-End Engineering Design for Large-Scale Carbon Capture

The steel sector is showing some tentative promise of having found a bottom. In the past month, we've seen ample rumors that China's real estate market might be staging a comeback, as the government provides some stimulus.

Cleveland-Cliffs: Could Be Getting Better

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

Cleveland-Cliffs (CLF) Up 7.7% Since Last Earnings Report: Can It Continue?

The domestic steelmaker had a particularly bad third quarter, but management believes the fourth quarter will be better.

Don't Worry, Cleveland-Cliffs Should Bounce Back in Q4

Cleveland-Cliffs, United States Steel, Nucor and Steel Dynamics reported significantly lower profits from their steelmaking operations during the quarter that wrapped up at the end of September, compared with the same period last year when prices were at record levels.

Steel Companies' Profits Hurt by Falling Prices

Cleveland-Cliffs (CLF) witnessed higher steelmaking unit costs on a sequential comparison basis in the third quarter.

Cleveland-Cliffs (CLF) Misses Q3 Earnings and Revenue Estimates

Cleveland-Cliffs Inc. (NYSE:CLF ) Q3 2022 Earnings Conference Call October 25, 2022 10:00 AM ET Company Participants Celso Goncalves - CFO Lourenco Goncalves - CEO Conference Call Participants Lucas Pipes - B. Riley Securities Emily Chieng - Goldman Sachs Tristan Gresser - BNP Paribas Curt Woodworth - Credit Suisse Alex Hacking - Citi Carlos De Alba - Morgan Stanley Timna Tanners - Wolfe Research Operator Good morning, ladies and gentlemen.

Cleveland-Cliffs Inc. (CLF) Q3 2022 Earnings Call Transcript

Higher input costs and maintenance expenses led to disappointing results on the bottom line.

Why Cleveland-Cliffs Stock Is Falling Today

Cleveland-Cliffs (CLF) delivered earnings and revenue surprises of -35.56% and 2.65%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Cleveland-Cliffs (CLF) Q3 Earnings and Revenues Lag Estimates

Cleveland-Cliffs (NYSE: CLF ) stock is sliding on Tuesday following the release of its earnings report for the third quarter of 2022. The bad news for CLF stock starts with the company's diluted earnings per share of 29 cents.

Cleveland-Cliffs (CLF) Stock Sinks 10% After Reporting Q3 Earnings

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) today reported third-quarter results for the period ended September 30, 2022.

Cleveland-Cliffs Reports Third-Quarter 2022 Results and Announces $1.8 Billion Reduction in Net Pension/OPEB Liabilities

While Cleveland-Cliffs (CLF) is likely to have gained from healthy demand, weaker steel prices are expected to have weighed on its performance in Q3.

Cleveland-Cliffs (CLF) to Post Q3 Earnings: What's in Store?

Cleveland-Cliffs (CLF) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Cleveland-Cliffs (CLF) Q3 Earnings Expected to Decline

Air Lease

Antero Resources

Chevron

Diamondback Energy

TE Connectivity PLC

A politician would be silly not to do opposition research. A baseball team would be goofy not to use scouting reports.

Stealing From the Best: Here Is My Purloined Portfolio

The market is in turmoil as a result of high inflation, weakening economic growth, and an aggressive Fed. Despite headwinds, Cleveland-Cliffs is holding up better than expected thanks to internal supply chain resilience, fixed-price contracts, low leverage, and rebounding auto production.

Cleveland-Cliffs Traded At $35 For A Reason, It Will Do It Again

Cleveland-Cliffs stock , a vertically integrated steel mill operator, is slated to publish its Q3 2022 results on October 25, reporting on a quarter that saw benchmark steel prices trend lower due to mounting economic headwinds.

What To Expect From Cleveland-Cliffs Q3 Results?

United Steelworkers wants U.S. Steel to match wage increases provided in Cleveland-Cliffs' contract. The United Steelworkers union has ratified a four-year contract with steelmaker Cleveland-Cliffs Inc while it remains divided with United States Steel Corp. over wages and other major issues, the union said.

Steelworkers Union Approves Contract With Cleveland-Cliffs

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) announced today that its new labor agreement with the United Steelworkers (USW) has been ratified.

News for Cleveland-Cliffs Stock (CLF)