Cliffs(CLF) - 2024 Q2 - Quarterly Results

NEWS RELEASE Cleveland-Cliffs Reports Second-Quarter 2024 Results CLEVELAND—July 22, 2024—Cleveland-Cliffs Inc. (NYSE: CLF) today reported second-quarter results for the period ended June 30, 2024. Second-Quarter 2024 Highlights • Revenues of $5.1 billion • Steel shipments of 4.0 million net tons 1 • Net income of $9 million and adjusted net income of $50 million 1 • Adjusted EPS of $0.11 per diluted share 2 • Adjusted EBITDA of $323 million 3 • Net debt decrease of $237 million to $3.4 billion • Cash flow ...