Cleveland-Cliffs (CLF) Tops Q3 EPS by 16c

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Go back to Cleveland-Cliffs (CLF) Tops Q3 EPS by 16c

Cleveland-Cliffs Reports Record Third-Quarter 2021 Results

October 22, 2021 7:00 AM EDT

Record quarterly revenue of $6.0 billion Record quarterly net income of $1.3 billion Record quarterly adjusted EBITDA1 of $1.9 billion

CLEVELAND--(BUSINESS WIRE)-- Cleveland-Cliffs Inc. (NYSE: CLF) today reported third-quarter results for the period ended September 30, 2021.

Third-quarter 2021 consolidated revenues were $6.0 billion, compared to the prior-year third-quarter revenues of $1.6 billion.

For the third quarter of 2021, the Company recorded net income of $1.3 billion, or $2.33 per diluted share. In the prior-year third quarter, the Company recorded net income of $2 million.

For the first nine months of 2021,... More