Cleveland-Cliffs (CLF) Q2 Revenue Tops Consensus

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Go back to Cleveland-Cliffs (CLF) Q2 Revenue Tops Consensus

Cleveland-Cliffs Reports Second-Quarter 2022 Results

July 22, 2022 7:00 AM EDT

Second-quarter revenue of $6.3 billion Second-quarter net income of $601 million Second-quarter Adjusted EBITDA1 of $1.1 billion

CLEVELAND--(BUSINESS WIRE)-- Cleveland-Cliffs Inc. (NYSE: CLF) today reported second-quarter results for the period ended June 30, 2022.

Second-quarter 2022 consolidated revenues were $6.3 billion, compared to the prior-year second-quarter revenues of $5.0 billion.

For the second quarter of 2022, the Company recorded net income of $601 million, or $1.13 per diluted share attributable to Cliffs shareholders. This included the following one-time charges totaling $95 million, or $0.18 per diluted share:

charges of $66 million, or $0.13... More