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

1. CLF posts revenue decline from $22B to $19.2B with $708M net loss. 2. Adjusted loss of $351M raises profitability concerns among investors.

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-0.5%S&P 500
$11.1502/24 04:53 PM EDTEvent Start
$10.7902/25 11:25 PM EDTLatest Updated
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FAQ

Why Bearish?

Cleveland-Cliffs’ steep revenue decline and losses signal weakening earnings, historically prompting sell-offs in similar situations.

How important is it?

The significant drop in revenue and existence of substantial losses are likely to impact investor sentiment and CLF’s stock in the near term.

Why Short Term?

Earnings reports typically cause immediate market reactions; past similar reports have led to short-lived price drops.

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NUEX
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.

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