Cleveland-Cliffs Reports Third-Quarter 2024 Results

Latest Financial Results

Nov 4, 2024 • 4:05 PM EST

Q3 2024 Quarterly Results

Quarter Ended Sep 30, 2024

$4.6B

Third-quarter 2024 consolidated revenues were $4.6 billion, compared to $5.1 billion in the second quarter of 2024.

$124M

Third-quarter 2024 Adjusted EBITDA* was $124 million, compared to $323 million in the second quarter of 2024.

Source: 10-Q 2024 & Third-Quarter 2024 Earnings Release

For complete information regarding our financials, see our periodic filings

Latest Results

$4.6B

Third-quarter 2024 consolidated revenues were $4.6 billion, compared to $5.1 billion in the second quarter of 2024.

$124M

Third-quarter 2024 Adjusted EBITDA* was $124 million, compared to $323 million in the second quarter of 2024.

Source: 10-Q 2024 & Third-Quarter 2024 Earnings Release

For complete information regarding our financials, see our periodic filings

Latest Annual Filing

For Fiscal Year Ending Dec 31, 2023

Report Links

View 10-K
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About Cleveland-Cliffs

Cleveland-Cliffs is a leading North America-based steel producer with focus on value-added sheet products, particularly for the automotive industry. The Company is vertically integrated from the mining of iron ore, production of pellets and direct reduced iron, and processing of ferrous scrap through primary steelmaking and downstream finishing, stamping, tooling, and tubing. Headquartered in Cleveland, Ohio, Cleveland-Cliffs employs approximately 30,000 people across its operations in the United States and Canada.

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Cleveland-Cliffs at a Glance

30K

Employees across our mining, scrap, steel, and downstream manufacturing operations in the U.S. and Canada.

58

Operating Facilities

As of Dec. 31, 2023 • 10-K 2023

Cleveland-Cliffs Company Performance in FY 2023

Total Steel Shipments

Net Tons (Millions)

Revenues by Product Line

  • Coated: 29%
  • Hot-rolled: 36%
  • Cold-rolled: 15%
  • Stainless/Electrical: 4%
  • Plate: 5%
  • Other, including Slabs and Rail: 11%

Revenue by Market

  • Direct Automotive: 36%
  • Distributors and Converters: 25%
  • Infrastructure and Manufacturing: 26%
  • Steel Producers: 13%

As of Dec. 31, 2023 • 10-K 2023

IR Contacts

Corporate Office

Cleveland-Cliffs Inc.
200 Public Square
Suite 3300
Cleveland, OH 44114
T: (216) 694-5700
info@clevelandcliffs.com

Investor Relations

Paul Finan
Senior Vice President of Finance

James Kerr
Director, Investor Relations
ir@clevelandcliffs.com

Transfer Agent

Broadridge Corporate Issuer Solutions
P.O. Box 1342
Brentwood, NY 11717
T: 303-562-9695
shareholder@broadridge.com
https://shareholder.broadridge.com/clf/