Cleveland-Cliffs (CLF) Announces $1B Share Buyback, Reports Earnings
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Cleveland-Cliffs Reports Full-Year and Fourth-Quarter 2021 Results and Announces $1 Billion Share Repurchase Program
February 11, 2022 7:00 AM ESTRecord annual revenue of $20.4 billion Record annual net income of $3.0 billion Record annual Adjusted EBITDA1 of $5.3 billion Record annual operating cash flow of $2.8 billion
CLEVELAND--(BUSINESS WIRE)-- Cleveland-Cliffs Inc. (NYSE: CLF) today reported full-year and fourth-quarter results for the period ended December 31, 2021.
Full-Year Consolidated Results
Full-year 2021 consolidated revenues were $20.4 billion, compared to the prior year's consolidated revenues of $5.3 billion.
For the full year 2021, the Company generated net income of $3.0 billion, or $5.36 per diluted share. This compares to a 2020 net loss of $81... More
