Cleveland-Cliffs Reports First-Quarter 2024 Results and Announces New $1.5 Billion Share Repurchase Program
A Historic Cleveland Team-Up
Cleveland-Cliffs is the proud jersey patch sponsor for the Cleveland Cavaliers.
Through the Cavs partnership, Cleveland-Cliffs is connecting with the enthusiasm of this sport and the experience it offers people. The Cavs stand out as a unique and authentic showcase for the importance of teamwork, with talented players coming together strategically to win.
Similarly, the Cliffs team is comprised of talented, hardworking and dedicated people across the Great Lakes region who produce a vital material ─ steel ─ that is woven into the fabric of everyday modern life. The power of this partnership is that it is representative of the Company culture of teamwork, family and community, which are important ingredients to Cliffs’ on-going success. Winning is about the whole team.
Boys and Girls Club Community Benefit
The Cleveland-Cliffs Foundation is pleased to announce that it has pledged $500,000 of new funding to Boys and Girls Clubs serving our host communities. Clubs within the Company’s operating footprint are encouraged to apply for competitive grant dollars to support capital and program expenses that encourage healthy lifestyles.
This opportunity was released to coincide with Cleveland-Cliffs’ Cavs jersey sponsorship announcement and recognizes the important role that the Boys and Girls Clubs play in promoting healthy lifestyles for youth. It is intended that funding be requested for:
- Renovation of athletic facilities
- Opportunity for new or expanded programming through new facilities, features and/or equipment
- Support of new or expanded programs that increase physical activity and/or encourage healthy habits
- Support of new or expanded programs that provide wellness education and/or decision making/prevention programs
- Other efforts that promote healthy lifestyles for youth
Partnership History
Cleveland-Cliffs’ corporate headquarters are located downtown, less than a half mile from the home of the Cavaliers, Rocket Mortgage FieldHouse.
Cliffs and the Cavs have been corporate partners for decades. In 2019, Cliffs was named one of the two main entrance sponsors of the brand-new Rocket Mortgage FieldHouse. The Cleveland-Cliffs entrance, located on located on the northeast end of the FieldHouse, welcomes fans into a creative and engaging gathering space.