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-Cliffs (NYSE: CLF ) stock is worth checking on today after the company's takeover bill for United States Steel (NYSE: X ) was rejected. The big news here is Cleveland-Cliffs offering a $7.3 billion mix of cash and stock to buy out United States Steel.

CLF Stock Alert: U.S. Steel Rejects Cleveland-Cliffs Bid

United States Steel

Shares of US Steel soared Monday on news that rival Cleveland-Cliffs has proposed a purchase of the company, a move that would create the nation's largest steelmaker.

US Steel rejects buyout offer from rival Cleveland Cliffs

PITTSBURGH--(BUSINESS WIRE)--United States Steel Corporation (NYSE: X) (“U. S. Steel” or “the Company”) today confirmed that it has invited Cleveland-Cliffs Inc. (“Cleveland-Cliffs”) to participate in its previously announced strategic review process. The Company previously disclosed it has commenced a formal review process, with the assistance of outside financial and legal advisors, to evaluate strategic alternatives for the Company after receiving multiple unsolicited proposals that ranged f.

U. S. Steel Confirms Receipt of Unsolicited Proposals from Cleveland-Cliffs and Multiple Other Parties; Reaffirms Competitive Strategic Review Process to Maximize Stockholder Value

Cleveland-Cliffs said it offered cash and stock worth $35 a share for its main competitor, valuing U.S. Steel at more than $7 billion.

U.S. Steel Rejects Offer from Cleveland-Cliffs

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) (“Cleveland-Cliffs” or “Cliffs”) is publicly announcing a previously private offer that it had presented to the Board of the United States Steel Corporation (NYSE:X) (“U.S. Steel”) on July 28, 2023. That offer, which was reiterated in writing to the U.S. Steel Board on August 11, 2023, proposed acquiring 100% of the outstanding stock of U.S. Steel for a per share value of $17.50 in cash and 1.023 shares of Cliffs stock. On July 28, 2.

Cleveland-Cliffs Proposes to Acquire U.S. Steel

Cleveland-Cliffs reported a sequentially strong second quarter with elevated volumes and successful debt reduction and shareholder returns. Cliffs is actively deleveraging their balance sheet and maximizing shareholder value through share buybacks, all covered by Free Cash Flow. Cleveland-Cliffs is well-positioned to take advantage of opportunities in the automotive industry and the electrification of the grid, and has a competitive edge in the market.

Why Cleveland-Cliffs Is Positioned For Tomorrow's Economy

Cleveland-Cliffs, Inc. (NYSE:CLF ) Q4 2022 Earnings Call July 25, 2023 8:30 AM ET Company Participants Celso Goncalves - Executive Vice President and Chief Financial Officer Lourenco Goncalves - Chairman, President, and Chief Executive Officer Conference Call Participants Bill Peterson - J.P. Morgan Lawson Winder - Bank of America Timna Tanners - Wolfe Research Curt Woodworth - Credit Suisse Lucas Pipes - B.

Cleveland-Cliffs, Inc. (CLF) Q4 2022 Earnings Call Transcript

Cleveland-Cliffs NYSE: CLF shares rose by as much as 4.0% during Monday's trading session, which could have been taken as an optimistic expectation of better things to come. Some improving developments were coming up in the works as the company reported its second quarter 2023 earnings results, reiterating market opinions.

Cleveland-Cliffs Stock Rises On Earnings, New Momentum?

External sales volumes of Cleveland-Cliffs (CLF) for steel products are roughly 4.2 million net tons, up around 15.4% year over year in Q2.

Cleveland-Cliffs (CLF) Q2 Earnings Meet Estimates, Sales Beat

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) today reported second-quarter results for the period ended June 30, 2023. Selected financial results for the second quarter of 2023 include: Revenues of $6.0 billion Steel shipments of 4.2 million net tons Net income of $356 million Adjusted EBITDA1 of $775 million Cash flow from operations of $887 million Free cash flow2 of $756 million Net debt3 down to $3.9 billion Total liquidity of $3.8 billion, highest in Company history Second.

Cleveland-Cliffs Reports Second-Quarter 2023 Results

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Cleveland-Cliffs (CLF) is likely to have gained from improved automotive volumes, higher prices and lower steelmaking unit costs in Q2.

Cleveland-Cliffs (CLF) to Post Q2 Earnings: What's in Store?

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CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) will announce its second-quarter 2023 earnings results after the U.S. market close on Monday, July 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, July 25, 2023, 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 Second-Quarter 2023 Earnings Results on July 24 and Host Conference Call on July 25

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CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) today announced that it applauds the preliminary determination reached by the U. S. Department of Commerce that producers of Tin Mill Products from China benefit from significant countervailable government subsidies. The subsidy rate for Baoshan Iron and Steel is 542.55 percent and for Jingtang Iron and Steel is 89.02 percent. The rate of 89.02 percent applies to all other exporters. In addition, Commerce announced that it was initia.

Cleveland-Cliffs Applauds Preliminary Determination by the U.S. Department of Commerce in Tin Mill Products Trade Case

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) announced today it has reached a new three-year labor agreement with the United Auto Workers (UAW) for Coshocton Works, to become effective July 31, 2023. The agreement is tentative, pending ratification by UAW local union membership, and will cover approximately 330 UAW-represented workers. Lourenco Goncalves, Chairman, President and CEO, stated, “We are pleased to reach a new labor agreement with the UAW for our employees at Coshoc.

Cleveland-Cliffs and the United Auto Workers Reach New Labor Agreement for Coshocton Works

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 $950 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.

Cleveland-Cliffs Announces Price Increase for Flat-Rolled Steel Products

Cleveland-Cliffs, the largest steel supplier to the auto industry in North America, has grown significantly through acquisitions and is well-positioned in the expanding automotive market, particularly in electric vehicles. Despite the cyclical nature of the steel market, the company has made progress in cost-cutting and debt reduction, with strong cash flows and a favorable valuation based on its price-to-book ratio. However, with mixed outlooks and valuations, as well as the potential for a downturn in the automotive market, I currently rate the stock "Hold".

Cleveland-Cliffs: Strong Bulls But I Rate The Stock A Hold

I think Cleveland-Cliffs is set to significantly outperform its peer group starting in late FY2023 or FY2024. The automotive industry's inventories are turning around, pulling CLF's fundamentals with them. Cleveland-Cliffs' EPS should grow the most in FY24 on a relative basis, still having the lowest next-year P/E multiple in the peer group.

Why Cleveland-Cliffs Stock Is The Best Steel Buy

Cleveland-Cliffs is projected by Street analysts to remain profitable during a soft landing or mild recession scenario. 2023's technical momentum has been more bullish than I anticipated in December's article. June-July has proven the strongest months to own CLF over the last eight years.

Cleveland-Cliffs: History Of Seasonal Price Strength During The Summer (Rating Upgrade)

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) announced today that it has successfully amended and extended its asset-based lending credit facility (ABL). The amendment extends the maturity date of the facility to June 9, 2028 and transitions the benchmark interest rate from LIBOR to SOFR. The borrowing base of the amended ABL now includes the assets of Ferrous Processing & Trading Company (FPT), which was acquired by Cleveland-Cliffs in November 2021. With the increased bor.

Cleveland-Cliffs Amends and Extends ABL Facility Maturity to 2028

Cleveland-Cliffs Inc   (NYSE:CLF) stock is up 1.8% to trade at $15.32 at last glance, though overhead pressure from its 40-day moving average is keeping this bounce off a May 31, annual low of $13.61 in check.

Cleveland-Cliffs Stock Extends Bounce as Bulls Chime In

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) announced today that it was named to the Fortune 500 list, once again among the top 200 companies. Cleveland-Cliffs' 2022 revenue of $23 billion earned Cleveland-Cliffs the ranking of 170 on the list for 2023. The Fortune 500 list ranks companies that are incorporated and operate in the U.S. by total revenues for their respective fiscal years. Lourenco Goncalves, Cleveland-Cliffs' Chairman, President, and CEO said, “Once again, Cleve.

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