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Stock impact report

Cleveland-Cliffs Inc. (CLF) CEO Lourenco Goncalves on Annual Credit Suisse Basic Materials Conference Transcript [Seeking Alpha]

Cleveland-Cliffs Inc. (CLF) 
Last cleveland-cliffs inc. earnings: 2/20 07:00 am Check Earnings Report
Company Research Source: Seeking Alpha
Cleveland-Cliffs Inc. (CLF) CEO Lourenco Goncalves on Annual Credit Suisse Basic Materials Conference Transcript Cleveland-Cliffs Inc. (NYSE: CLF Company Participants Lourenco Goncalves - Chairman, President & CEO Conference Call Participants [Call starts abruptly] Q2 results; we showed $249 million of EBITDA in Q2 alone. So the business has been performing well, and performing in a positive way. Defined the cyclical ensuring that management matters, the way you manage, the way you implement or do not implement winning strategy or not winning strategy matters in this business, it's not just the commodity, it's not just -- oh, this is bad, so that's the outcome we're going to get. So, EBITDA has been in an upward trend. Same thing with debt and annual interest expenses. Net debt was high when I first joined the company, $3.1 billion of net debt, debt minus cash-on-hand. That was the last publicly reported number before I joined the company. Am I on the way of the -- I believe I am; so Show less Read more
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