Cleveland-Cliffs (CLF) Misses Q4 EPS by 22c

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Go back to Cleveland-Cliffs (CLF) Misses Q4 EPS by 22c

Cleveland-Cliffs Reports Full-Year and Fourth-Quarter 2024 Results

February 24, 2025 4:30 PM EST

CLEVELAND--(BUSINESS WIRE)-- Cleveland-Cliffs Inc. (NYSE: CLF) today reported full-year and fourth-quarter results for the period ended December 31, 2024.

Full-Year Consolidated Results

Full-year 2024 consolidated revenues were $19.2 billion, compared to the prior year's consolidated revenues of $22.0 billion.

For the full-year 2024, the Company recorded a GAAP net loss of $708 million, or $1.57 per diluted share, with adjusted net loss2 of $351 million, or $0.73 per diluted share. This compares to 2023 net income of $450 million, or $0.78 per diluted share, with adjusted net income2 of $545 million, or $1.07 per diluted share. For the full-year 2024, Adjusted EBITDA1 was $780... More