Cleveland-Cliffs (CLF) Reports Q3 EPS of 18c

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Go back to Cleveland-Cliffs (CLF) Reports Q3 EPS of 18c

Cleveland-Cliffs Inc. Reports Third-Quarter 2017 Results

October 20, 2017 8:00 AM EDT

Net income increased by 290 percent to $53 million, including $89 million in debt extinguishment charges Adjusted EBITDA1 of $154 million, a 149 percent increase from the prior-year quarter

CLEVELAND--(BUSINESS WIRE)-- Cleveland-Cliffs Inc. (NYSE: CLF) today reported third-quarter results for the period ended September 30, 2017. The Company reported consolidated revenues of $698 million, an increase of 26 percent compared to the prior year's third-quarter revenues of $553 million. Cost of goods sold increased by 15 percent to $538 million compared to $468 million reported in the third quarter of 2016.

The Company recorded... More