Donald Trump's re-election and his call to cut government regulation on Wednesday helped boost shares of companies hoping to get regulatory approval for their mergers.
Cleveland-Cliffs Inc. remains a "Buy" despite recent declines, driven by long-term growth potential, strategic focus, and attractive valuation. The company's Q3 2024 performance was weak due to automotive industry struggles, but the Stelco acquisition is expected to enhance EBITDA margins and operational flexibility. Management's conservative capital spending and cost-saving initiatives positio...
Cleveland-Cliffs Inc. (NYSE:CLF) shares slipped more than 10% after its latest quarterly earnings highlighted pressures in the steel market. During the third quarter of 2024, the company saw a decline in EBITDA, increased net debt, and a reduction in capital expenditure plans amid challenging conditions in the automotive sector.
Cleveland-Cliffs Inc. (NYSE:CLF ) Q3 2024 Earnings Conference Call November 4, 2024 8:30 AM ET Company Participants Lourenco Goncalves - Chairman, President & CEO Celso Goncalves - EVP & CFO Conference Call Participants Lucas Pipes - B. Riley Securities Lawson Winder - Bank of America Carlos De Alba - Morgan Stanley William Peterson - JPMorgan Alexander Hacking - Citigroup Chris LaFemina - Jeff...
Cleveland-Cliffs Inc (NYSE:CLF) stock is plummeting today, down 11.3% at $11.63 at last glance, after the company's disappointing third-quarter report.
CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) today reported third-quarter results for the period ended September 30, 2024. Third-Quarter 2024 Highlights Revenues of $4.6 billion Steel shipments of 3.8 million net tons GAAP net loss of $230 million and adjusted net loss1 of $156 million Adjusted EBITDA2 of $124 million Does not include Stelco's third-quarter adjusted EBITDA3 of ...
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