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Cleveland-Cliffs Inc. Reports Fourth-Quarter and Full-Year 2017 Results
Last cleveland-cliffs inc earnings: 4/20 08:00 am
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US:NYSE Investor Relations: clevelandcliffs.com/investors/overview/default.aspx
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Fourth-quarter Net Income of $318 million and Earnings of $1.05 per diluted share Fourth-quarter Adjusted EBITDA1 of $129 million CLEVELAND--(BUSINESS WIRE)-- Cleveland-Cliffs Inc. (NYSE: CLF) today reported fourth-quarter and full-year results for the period ended December 31, 2017. Fourth-quarter 2017 consolidated revenues were $601 million, compared to prior-year fourth-quarter revenues of $754 million. Cost of goods sold was $492 million, compared to $573 million reported in the fourth quarter of 2016. For the fourth quarter of 2017, the Company recorded net income of $318 million, or $1.05 per diluted share, compared to net income of $81 million, or $0.34 per diluted share, recorded in the prior-year quarter. For the fourth-quarter of 2017, adjusted EBITDA1 was $129 million, compared to $174 million in the fourth quarter of 2016.
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- Cleveland-Cliffs' (CLF) CEO Lourenco Goncalves on Q1 2018 Results - Earnings Call Transcript [Seeking Alpha][Seeking Alpha]
- Cleveland-Cliffs' (CLF) CEO Lourenco Goncalves on Q1 2018 Results - Earnings Call Transcript [Seeking Alpha][Seeking Alpha]
- Cleveland-Cliffs Inc. (NYSE: CLF) had its "buy" rating re-affirmed by analysts at Jefferies Group LLC. They now have a $9.50 price target on the stock.[MarketBeat]
- Why Cleveland-Cliffs, Limelight Networks, and TransUnion Jumped Today [The Motley Fool][The Motley Fool]
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SEC Filings
- 4/20/18 - Form 8-K
- 4/6/18 - Form 8-K
- 4/3/18 - Form 4
- CLF's page on the SEC website
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