Cleveland-Cliffs (CLF) Tops Q1 EPS by 8c

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Go back to Cleveland-Cliffs (CLF) Tops Q1 EPS by 8c

Cleveland-Cliffs Reports First-Quarter 2022 Results

April 22, 2022 6:00 AM EDT

First-quarter revenue of $6.0 billion First-quarter net income of $801 million First-quarter Adjusted EBITDA1 of $1.5 billion

CLEVELAND--(BUSINESS WIRE)-- Cleveland-Cliffs Inc. (NYSE: CLF) today reported first-quarter results for the period ended March 31, 2022.

First-quarter 2022 consolidated revenues were $6.0 billion, compared to the prior-year first-quarter revenues of $4.0 billion.

For the first quarter of 2022, the Company recorded net income of $801 million, or $1.50 per diluted share. This included the following one-time non-cash charges totaling $111 million, or $0.21 per diluted share:

charges of $68 million, or $0.13 per diluted... More