Cleveland-Cliffs (CLF) Tops Q3 EPS by 8c

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Go back to Cleveland-Cliffs (CLF) Tops Q3 EPS by 8c

Cleveland-Cliffs Inc. Reports Third-Quarter 2020 Results

October 23, 2020 7:00 AM EDT

Third-quarter net income of $2 million Third-quarter adjusted EBITDA1 of $126 million Third-quarter cash from operations of $246 million

CLEVELAND--(BUSINESS WIRE)-- Cleveland-Cliffs Inc. (NYSE: CLF) today reported third-quarter results for the period ended September 30, 2020.

The Company reported total revenues of $1.6 billion, compared to the prior year's third-quarter consolidated revenues of $556 million.

The Company recorded net income of $2 million during the third quarter of 2020. The loss of $0.02 per diluted share attributable to Cliffs' shareholders included $22 million, or $0.06 per diluted share, of acquisition costs, severance, and... More