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.

Get a deeper insight into the potential performance of Cleveland-Cliffs (CLF) for the quarter ended March 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

Seeking Clues to Cleveland-Cliffs (CLF) Q1 Earnings? A Peek Into Wall Street Projections for Key Metrics

Cleveland-Cliffs (CLF) is likely to have gained from healthy overall volumes, higher selling prices and lower steelmaking unit costs in the first quarter.

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

In the most recent trading session, Cleveland-Cliffs (CLF) closed at $21.24, indicating a -1.85% shift from the previous trading day.

Here's Why Cleveland-Cliffs (CLF) Fell More Than Broader Market

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) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

Cleveland-Cliffs (CLF) closed at $22.30 in the latest trading session, marking a +1.78% move from the prior day.

Cleveland-Cliffs (CLF) Increases Despite Market Slip: Here's What You Need to Know

General Motors

Toyota Motor

Volkswagen AG

United States Steel

If the U.S. Steel (X) acquisition by Nippon doesn't go through, it will reinvigorate Cleveland-Cliffs' (CLF) acquisition plans, which the automakers are concerned about due to antitrust issues.

Will U.S. Steel-Nippon Deal Tensions Impact Auto Industry?

Wolfe Research analyst Timna Tanners upgraded U.S. Steel and downgraded Cleveland-Cliffs.

U.S. Steel and Cleveland-Cliffs Get Rating Changes. Check Out the Stocks.

Arrowhead Pharmaceuticals

Boyd Gaming

Crocs

Healthpeak Properties Inc

Duolingo

Murphy Oil

It may not be much, but the Russell 2000 Index (RUT) is up 7% in 2024. The index still sits about 20% below the all-time high it reached in November 2021.

The 7 Most Undervalued Russell 2000 Stocks to Buy in April 2024

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) today applauded the Department of Energy's (DOE) final transformer efficiency standard rule that will provide for the continued utilization of Grain-Oriented Electrical Steel (GOES) in virtually all of Cliffs' current distribution transformer end markets. With this revised rule, the DOE acknowledged the fundamental importance of GOES and the essential role played by Cleveland-Cliffs steel plants in Butler, PA and Zanesville, OH in ef.

Cleveland-Cliffs Applauds DOE's Final Transformer Efficiency Standard Rule

PulteGroup

CAMBRIDGE, Mass.--(BUSINESS WIRE)-- #AssetSale--Civetta Therapeutics offers cutting-edge biotech IP for sale. Bid deadline: April 30. Contact wgbrandt@dsiconsulting.com for details.

Strategic Acquisition Opportunity: Biotechnology Intellectual Property of Civetta Therapeutics, LLC Now Open for Bids

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) announced today the release of its Sustainability Report 2023. The Report informs about Cleveland-Cliffs' continued progress on environmental, social and governance (ESG) performance for 2023, including its achievements in reducing greenhouse gas (GHG) emissions and decarbonization initiatives. It also includes a Limited Assurance Review issued by Deloitte & Touche LLP. The Sustainability Report 2023 details how Cleveland-Cliffs'.

Cleveland-Cliffs Issues Sustainability Report for 2023

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) will announce its first-quarter 2024 earnings results after the U.S. market close on Monday, April 22, 2024. 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 23, 2024, at 8:30 am ET. The call can be accessed at www.clevelandcliffs.com and will also be archived and available for replay at that address.

Cleveland-Cliffs to Announce First-Quarter 2024 Earnings Results on April 22 and Host Conference Call on April 23

Cleveland-Cliffs faces opposition to its potential acquisition of U.S. Steel due to monopolistic concerns. The company has a strong history of strategic acquisitions and a partnership with the United Steelworkers union. Cleveland-Cliffs has pricing power and the ability to generate positive free cash flow, making it an undervalued investment opportunity.

Cleveland-Cliffs Will Prevail, Whatever Happens

Cleveland-Cliffs (CLF) will replace its existing blast furnace at its Middletown Works Facility in Middletown with a 2.5mtpa Hydrogen-Ready DRI Plant and two 120 MW EMF.

Cleveland-Cliffs (CLF) to Receive $575M in DOE Investments

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) today announced that it is increasing current spot market base prices by $60 per net ton for all carbon hot rolled, cold rolled and coated steel products, effective immediately with all new orders. Cliffs' minimum base price for hot rolled steel is now $900 per net ton. About Cleveland-Cliffs Inc. Cleveland-Cliffs is the largest flat-rolled steel producer in North America. Founded in 1847 as a mine operator, Cliffs also is the larges.

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

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) announced today that two of its projects have been selected for award negotiations for up to $575 million in total funding from the United States Department of Energy (DOE) to pursue two decarbonization investments at Middletown Works in Ohio and Butler Works in Pennsylvania. Following successful negotiations, these projects will allow for substantial reductions in greenhouse gas (GHG) emissions across the Cliffs' footprint and will.

Cleveland-Cliffs Selected to Receive $575 Million in US Department of Energy Investments for Two Projects to Accelerate Industrial Decarbonization Technologies

In the closing of the recent trading day, Cleveland-Cliffs (CLF) stood at $21.20, denoting a +1.15% change from the preceding trading day.

Cleveland-Cliffs (CLF) Surpasses Market Returns: Some Facts Worth Knowing

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) announced today the expiration of and final results for its previously announced offer to purchase for cash (the “Tender Offer”) any and all of its outstanding 6.750% Senior Secured Notes due 2026 (the “Notes”). The Tender Offer expired at 5:00 p.m., New York City time, on March 13, 2024 (the “Expiration Time”). On March 18, 2024, the Company purchased $639,737,000 in principal amount of the Notes that were validly tendered and not v.

Cleveland-Cliffs Announces Final Results of Tender Offer

Cleveland-Cliffs stock has been in a recovery trend since September but has underperformed the S&P 500 Index in the last 3 years. Despite the existing risks in terms of pricing and cyclicality, I think CLF has much more reason for margin expansion in the medium term. In my opinion, the company is driven by strong management that prioritizes buybacks (10.4 million shares were repurchased in 2023 alone) and debt reduction.

Why Cleveland-Cliffs Stock Is Poised To Go Higher

Cleveland-Cliffs CEO Lourenco Goncalves said on Thursday he would consider another bid for United States Steel likely worth no more than $30 per share if the latter's $14.1 billion deal with Japan's Nippon Steel falls apart.

Cleveland-Cliffs CEO mulls much lower bid for US Steel if Nippon deal falls apart

Nucor

Citi analyst Alexander Hacking on Wednesday flipped preferences on two major steel stocks against what he sees as a favorable period for the sector.

Citi upgrades Nucor to buy and cuts Cleveland-Cliffs to neutral in steelmaker ratings swap

Cleveland-Cliffs (CLF) concluded the recent trading session at $20.47, signifying a -0.29% move from its prior day's close.

Cleveland-Cliffs (CLF) Stock Drops Despite Market Gains: Important Facts to Note

The net proceeds from the Notes are expected to be used by Celeveland-Cliffs (CLF) to repurchase or redeem all of its existing 6.750% Senior Secured Notes due 2026.

Cleveland-Cliffs (CLF) Upsizes & Prices $825M of Unsecured Notes

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) announced today that it has upsized and priced $825 million aggregate principal amount of senior unsecured guaranteed notes due 2032 (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 7.000% and will be issued at par. The Notes will be guaranteed on a senior unsecured basis by the Company's material dire.

Cleveland-Cliffs Announces Upsizing and Pricing of $825 Million of Senior Unsecured Guaranteed Notes due 2032

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) announced today the commencement of a tender offer to purchase (the “Tender Offer”), subject to certain terms and conditions, any and all of its outstanding 6.750% Senior Secured Notes due 2026 (the “Notes”), at the price set forth below. The Tender Offer is scheduled to expire at 5:00 p.m., New York City time, on March 13, 2024 (the “Expiration Time”), unless extended or earlier terminated by the Company. The Tender Offer is being m.

News for Cleveland-Cliffs Stock (CLF)