Cleveland-Cliffs Reports Third-Quarter 2024 Results
Cleveland-Cliffs Inc. (CLF)
Last cleveland-cliffs inc. earnings: 2/20 07:00 am
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US:NYSE Investor Relations:
clevelandcliffs.com/investors/overview/default.aspx
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Source: Business Wire
CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) today reported third-quarter results for the period ended September 30, 2024.Third-Quarter 2024 HighlightsRevenues of $4.6 billionSteel shipments of 3.8 million net tonsGAAP net loss of $230 million and adjusted net loss1 of $156 millionAdjusted EBITDA2 of $124 millionDoes not include Stelco's third-quarter adjusted EBITDA3 of US$64 million and adjusted EBITDA3 margin of 13%Liquidity of $3.8 billion as of September 30, 2024Third-quarter 2024 revenues were $4.6 billion, compared to $5.1 billion in the second quarter of 2024. For the third quarter of 2024, the Company recorded a GAAP net loss of $0.52 per diluted share to Cliffs shareholders and adjusted net loss1 of $0.33 per diluted share. Included in the GAAP results were discrete charges and losses totaling $145 million, primarily related to an arbitration decision and acquisition-related expenses.Cliffs’ Chairman, President and CEO Lourenco Goncalves said: “In Q3, we
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CLF
Earnings
- 11/4/24 - Miss
CLF
Sec Filings
- 11/22/24 - Form 4
- 11/5/24 - Form 10-Q
- 11/4/24 - Form 8-K
- CLF's page on the SEC website