Cleveland-Cliffs (CLF) Tops Q4 EPS by 2c

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Go back to Cleveland-Cliffs (CLF) Tops Q4 EPS by 2c

Cleveland-Cliffs Reports Fourth-Quarter and Full-Year 2020 Results

February 25, 2021 7:00 AM EST

CLEVELAND--(BUSINESS WIRE)-- Cleveland-Cliffs Inc. (NYSE: CLF) today reported fourth-quarter and full-year results for the period ended December 31, 2020.

On December 9, 2020, Cleveland-Cliffs completed the acquisition of substantially all the operations of ArcelorMittal USA LLC ("ArcelorMittal USA"), which has since been renamed to Cleveland-Cliffs Steel LLC. The results set forth in this release only consider the operating results of Cleveland-Cliffs Steel LLC for the period from December 9, 2020 through December 31, 2020.

Due to the transformative nature of the ArcelorMittal USA acquisition, the Company has updated its segment structure to coincide with its new business... More