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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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 the release of its Sustainability Report 2022. The Company is pleased to share its continued progress on environmental, social and governance (ESG) performance for 2022, including the progress made toward its 2030 greenhouse gas (GHG) emissions reduction goal.

Cleveland-Cliffs Inc. Issues Its Sustainability Report for 2022

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CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) was named a 2022 GM Supplier of the Year by General Motors at its 31th annual Supplier of the Year awards ceremony in San Antonio, Texas. This is the sixth consecutive year Cleveland-Cliffs has received the award. GM's Supplier of the Year award recognizes distinguished global suppliers that exceed GM's requirements, in turn providing GM customers with innovative technologies and among the highest quality in the automotive industry.

Cleveland-Cliffs Awarded by General Motors GM's 2022 Supplier of the Year for Sixth Straight Year

Investors ignored the fundamentals and punished steel stocks this week. The tide turned Friday after one major domestic player surprised analysts with its upbeat business outlook.

Why Nucor, Cleveland-Cliffs, and Steel Dynamics Plunged This Week

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) announced today that it continues to address food insecurity as one of its key areas of social responsibility. The Company held its third annual Souper Bowl Food Drive across all of its operations earlier this year and collected 240,000 pounds of non-perishable food items.

Cleveland-Cliffs and Its Employees Donate to Address Food Insecurity in more than 45 Communities Across North America

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

Why Is Cleveland-Cliffs (CLF) Down 5.1% Since Last Earnings Report?

In my opinion, the earnings miss that Cleveland-Cliffs suffered in Q4 2022 is just a temporary headwind - it should be better next time. I think Wall Street analysts still somewhat underestimate how much EPS can be impacted by improved margins.

Cleveland-Cliffs: The Patient Investor Will Survive

Cleveland-Cliffs Inc. is well positioned for a stronger steel market. Steel prices are way past the lows of 2022. Cleveland-Cliffs' balance sheet carries more than $5 billion in debt plus pensions. This will get in the way of significant shareholder returns.

Cleveland-Cliffs: Steel Is Hot And The Stock Is Cheap, But There's More

Steelmaker Cleveland-Cliffs Inc. CLF, -5.88% is increasing its current spot market base prices for all carbon hot rolled, cold rolled and coated steel products by a minimum of $100 per net ton, taking its minimum base price for hot rolled steel to $1,200. Cleveland Cliff's stock rose 1.5% before market open.

Cleveland-Cliffs hikes hot rolled steel price again

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 $100 per net ton, effective immediately with all new orders. Cliffs' minimum base price for hot rolled steel is now $1,200 per net ton. About Cleveland-Cliffs Inc. Cleveland-Cliffs is the largest flat-rolled steel producer in North America.

Cleveland-Cliffs Raises Price for Hot Rolled Steel to $1,200 per net ton

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Cleveland Cliffs stands out from its peers in this key way, and it is working to fix the problem.

This Is Where 73% of Cleveland-Cliffs' Extra Cash Went in 2022

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) today applauded the U.S. International Trade Commission's unanimous affirmative preliminary determination on all countries in response to antidumping and countervailing duty petitions on tin and chromium coated sheet steel products (“tin mill products”) filed by Cleveland-Cliffs and the United Steelworkers (“USW”). This affirmative preliminary determination relates to petitions seeking antidumping duties on U.S.

Cleveland-Cliffs Applauds Unanimous U.S. International Trade Commission Affirmative Preliminary Vote in Tin Mill Products Trade Case

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) today announced that it is increasing current base prices for its steel plate products by a minimum of $60 per net ton. This price increase includes as-rolled, normalized, and quench and tempered steel plate products, and is effective immediately with all new, non-contract orders. Cliffs also reserves the right to re-quote any open offers not confirmed by a Cliffs order acknowledgment. About Cleveland-Cliffs Inc.

Cleveland-Cliffs Announces Price Increase for Plate Products

Cleveland-Cliffs Inc   (NYSE:CLF) is up 5.6% at $20.82 at last check, after the mining concern hiked prices of its hot rolled, cold rolled, and coated steel products.

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Cleveland-Cliffs posted a weaker-than-expected set of Q4 FY'22 results on Monday on account of a decline in average realized prices for steel and elevated input costs.

Why We Are Raising Our Price Estimate For Cleveland-Cliffs Despite A Weak Q4

Although the revenue and EPS for Cleveland-Cliffs (CLF) give a sense of how its business performed in the quarter ended December 2022, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Here's What Key Metrics Tell Us About Cleveland-Cliffs (CLF) Q4 Earnings

Cleveland-Cliffs (CLF) fourth-quarter performance reflects benefits from lower steelmaking unit costs and recovery in automotive demand.

Cleveland-Cliffs (CLF) Earnings Beat, Sales Down Y/Y in Q4

Cleveland-Cliffs Inc. (NYSE:CLF ) Q4 2022 Earnings Conference Call February 14, 2022 10:00 AM ET Company Participants Celso Goncalves - EVP & CFO Lourenco Goncalves - Chairman, President and CEO Conference Call Participants Emily Chieng - Goldman Sachs Tristan Gresser - BNP Paribas Exane Lucas Pipes - B. Riley Securities Lawson Winder - BofA Securities Philip Gibbs - KeyBanc Capital Markets Andreas Bokkenheuser - UBS Karl Blunden - Goldman Sachs Operator Good morning, ladies and gentlemen.

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

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.

Is ClevelandCliffs (CLF) Stock Undervalued Right Now?

Cleveland-Cliffs reports an adjusted loss of 30 cents a share from $5 billion in sales. Wall Street was looking for loss of 34 cents on sales of $5.2 billion.

Steel Maker Cleveland-Cliffs Beats Wall Street Earnings Estimates. The Stock Falls.

Cleveland-Cliffs (CLF) delivered earnings and revenue surprises of 9.09% and 5.68%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

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

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) today reported full-year and fourth-quarter results for the period ended December 31, 2022. Full-Year Consolidated Results Full-year 2022 consolidated revenues were $23.0 billion, compared to the prior year's consolidated revenues of $20.4 billion. For the full year 2022, the Company generated net income of $1.4 billion, or $2.55 per diluted share attributable to Cliffs shareholders. This compares to 2021 net income of $3.

Cleveland-Cliffs Reports Full-Year and Fourth-Quarter 2022 Results

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News for Cleveland-Cliffs Stock (CLF)