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Cleveland-Cliffs Inc. Reports Fourth-Quarter and Full-Year 2017 Results

CLEVELAND-CLIFFS INC (CLF)  More Company Research Source: Business Wire
Last cleveland-cliffs inc earnings: 4/20 08:00 am Check Earnings Report
PDF 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. [Read more]

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