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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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.

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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.

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) announced today that it intends to offer to sell, subject to market and other conditions, $750 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 be guaranteed on a senior unsecured basis by the Company's material direct and indirect wholly-owned domestic sub.

Cleveland-Cliffs Announces Proposed Offering of $750 Million of Senior Unsecured Guaranteed Notes

CLEVELAND--(BUSINESS WIRE)--The U.S. International Trade Commission (ITC) this week issued public documents detailing the rationale behind its unanimous negative injury determination in the tin mill products trade case brought by co-petitioners Cleveland-Cliffs and the United Steelworkers (USW). This determination by the ITC negated the implementation of anti-dumping and countervailing duties calculated by the Department of Commerce and will result in the continuation of widespread unfair trade.

Cleveland-Cliffs and the United Steelworkers Union Jointly Comment on the Tin Mill Products Final Report Released by the ITC

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

Cleveland-Cliffs (CLF) Up 2.9% Since Last Earnings Report: Can It Continue?

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Cleveland-Cliffs (CLF) announces the indefinite idling of its Weirton plant due to the ITC's rejection of anti-dumping duties.

Cleveland-Cliffs (CLF) to Idle Tin Plant After ITC Ruling

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) announced today that it will be indefinitely idling its tinplate production plant located in Weirton, West Virginia in April 2024. The need to idle the Weirton plant is a direct result of the unanimous decision issued by all four members of the International Trade Commission (ITC) negating the implementation of anti-dumping and countervailing duties on tin mill products calculated by the Department of Commerce. A WARN notice is being.

Cleveland-Cliffs to Idle Weirton Tinplate Facility Following Unfavorable ITC Ruling

Cliffs should be able to have a bigger focus on returning cash to shareholders, J.P. Morgan says.

Buy Cleveland-Cliffs Stock, Not U.S. Steel, J.P. Morgan Says

If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Cleveland-Cliffs (CLF) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.

Despite Fast-paced Momentum, Cleveland-Cliffs (CLF) Is Still a Bargain Stock

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Cleveland-Cliffs (CLF) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Can Cleveland-Cliffs (CLF) Run Higher on Rising Earnings Estimates?

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Cleveland-Cliffs provided strong guidance for eFY24 and is expected to experience strong tailwinds from cost-cutting measures and enhanced steelmaking process. The US Steel and Nippon merger is still awaiting antitrust approval, and if it falters, Cleveland-Cliffs will bring a new offer to the table, likely at a reduced price. Management is refocusing capital allocation from 85/15 to 50/50 debt reduction & share repurchasing, significantly bolstering shareholder value.

Cleveland-Cliffs Bolsters Shareholder Value

Management also offered a solid 2024 outlook.

Cleveland-Cliffs Is Focusing on Buybacks. Investors Approve.

Cleveland-Cliffs Inc. (CLF) Q4 2023 Earnings Call Transcript

Cleveland-Cliffs (CLF) registers record steel shipments of 16.4 million net tons in 2023, including record automotive shipments.

Cleveland-Cliffs' (CLF) Q4 Earnings Beat, Revenues Miss

Cleveland-Cliffs (CLF) came out with a quarterly loss of $0.05 per share versus the Zacks Consensus Estimate of a loss of $0.07. This compares to loss of $0.30 per share a year ago.

Cleveland-Cliffs (CLF) Reports Q4 Loss, Misses Revenue Estimates

Cleveland-Cliffs Inc (NYSE: CLF) is trading down in extended hours on Monday after reporting weaker-than-expected revenue for its fourth financial quarter. Cleveland-Cliffs guidance for fiscal 2024 The iron-ore and steel making company now forecasts $675 million to $725 million in capital expenditures for fiscal 2024.

Cleveland-Cliffs CEO says ‘our shares are undervalued' after Q4 earnings

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) today reported full-year and fourth-quarter results for the period ended December 31, 2023. Full-Year Highlights Revenues of $22.0 billion Record steel shipments of 16.4 million net tons, including record automotive shipments Cash flow from operations of $2.3 billion Free cash flow of $1.6 billion3, including approximately $500 million in the fourth quarter of 2023 Year-end net debt of $2.9 billion4 Net pension and OPEB liabilities r.

Cleveland-Cliffs Reports Full-Year and Fourth-Quarter 2023 Results

Cleveland-Cliffs (CLF) successfully scales up clean steel production with a second hydrogen-fueled blast furnace trial.

Cleveland-Cliffs (CLF) Successfully Tests Hydrogen Blast Furnace

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) announced today that it has successfully completed a hydrogen (H2) injection trial at its Indiana Harbor #7 blast furnace, the largest blast furnace in North America. This represents the second Cleveland-Cliffs blast furnace to utilize hydrogen as a reductant and fuel source, following the successful trial at Middletown Works in May of 2023. Indiana Harbor #7 is among the largest blast furnaces in the entire world, both in size and p.

Cleveland-Cliffs Completes Successful Blast Furnace Hydrogen Injection Trial at Indiana Harbor #7 Blast Furnace

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Should Value Investors Buy ClevelandCliffs (CLF) Stock?

Get a deeper insight into the potential performance of Cleveland-Cliffs (CLF) for the quarter ended December 2023 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

Cleveland-Cliffs (CLF) Q4 Earnings on the Horizon: Analysts' Insights on Key Performance Measures

While Cleveland-Cliffs (CLF) is likely to have gained from healthy overall volumes and lower steelmaking unit costs, weaker selling prices are likely to have hurt its margins in Q4.

Cleveland-Cliffs (CLF) to Report Q4 Earnings: What's in Store?

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News for Cleveland-Cliffs Stock (CLF)