Cleveland-Cliffs (CLF) Reports In-Line Q3 EPS, Misses on Revenue, Offers Guidance

Cleveland-Cliffs (NYSE: CLF) reported Q3 EPS of ($0.45), in-line with the analyst estimate of ($0.45). Revenue for the quarter came in at $4.7 billion versus the consensus estimate of $4.9 billion.

The Company updated previously guided expectations for the full-year 2025, as follows:

Capital expenditures of approximately $525 million, from its previous expectation of $600 million
Selling, general and administrative expenses of approximately $550 million, from its previous expectation of $575 million
Steel unit cost reductions maintained at a reduction of approximately $50 per net ton compared to 2024, adjusted for improved automotive shipping volume
Depreciation, depletion and amortization maintained at approximately $1.2 billion
Cash Pension and OPEB payments and contributions maintained at approximately $150 million

For earnings history and earnings-related data on Cleveland-Cliffs (CLF) click here.

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