Cleveland-Cliffs (CLF) Reports Q2 Earnings: What Key Metrics Have to Say

Core Insights - Cleveland-Cliffs reported a revenue of $4.93 billion for the quarter ended June 2025, marking a year-over-year decline of 3.1% and an EPS of -$0.50 compared to $0.11 a year ago, indicating a significant drop in profitability [1] - The revenue exceeded the Zacks Consensus Estimate of $4.9 billion by 0.62%, while the EPS surprise was +26.47% against a consensus estimate of -$0.68 [1] Financial Performance Metrics - Total steel shipments were reported at 4,290 KTon, surpassing the average estimate of 4,202.55 KTon [4] - The average net selling price per net ton of steel products was $1,015, slightly below the average estimate of $1,022.99 [4] - Revenues from steelmaking totaled $4.77 billion, exceeding the average estimate of $4.75 billion, but reflecting a year-over-year decline of 2.9% [4] - Revenues from coated steel were $1.39 billion, matching the average estimate but showing a year-over-year decrease of 10% [4] - Revenues from slab and other steel products were $276 million, above the average estimate of $262.56 million, with a year-over-year decline of 13.2% [4] - Revenues from plate products were $275 million, slightly above the average estimate of $269.36 million, reflecting a year-over-year decline of 13.3% [4] - Revenues from cold-rolled steel were $645 million, exceeding the average estimate of $638.27 million, with a year-over-year decline of 9.3% [4] - Revenues from hot-rolled steel were $1.33 billion, slightly below the average estimate of $1.34 billion, but showing a year-over-year increase of 19.5% [4] Stock Performance - Cleveland-Cliffs shares have returned +60.1% over the past month, significantly outperforming the Zacks S&P 500 composite's +5.7% change [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]