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Cleveland-Cliffs Inc (CLF)
NYSE:CLF
Earnings Data
Report Date
Jul 18, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
-0.32Last Year’s EPS
0.11Same Quarter Last Year
Moderate Buy
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 07, 2025
|% Change Since: -17.55%
|Next Earnings Date:Jul 18, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected a challenging quarter with significant losses and operational restructuring. However, there are positive indications of future improvements, particularly due to the reshoring of automotive production and operational efficiencies.Company Guidance
During the Cleveland-Cliffs First Quarter 2025 Earnings Conference Call, guidance focused on several strategic initiatives aimed at improving financial performance. The company acknowledged a challenging Q1 with an adjusted EBITDA loss of $174 million and total shipments of 4.14 million tons. To address underperformance, Cleveland-Cliffs plans to optimize its operational footprint, expecting $300 million in annual savings from idling non-core assets and operational changes. Additionally, anticipated benefits from reshoring automotive production are expected to contribute $250 million to $500 million in annual EBITDA. The company also plans to reduce capital expenditures from $700 million to $625 million in 2025, with further reductions expected in 2026. They emphasized a focus on domestic automotive steel supply, reshoring efforts, and resolving a disadvantageous slab supply contract by 2026, projected to free up $500 million in annualized EBITDA. The strategic initiatives, combined with improving market conditions, aim for a financial rebound by the second half of 2025 and into 2026.Automotive Industry Reshoring
Cleveland-Cliffs is benefiting from the reshoring of automotive production to the United States. The company expects an annual EBITDA benefit of $250 million to $500 million starting in the second half of 2025 and fully impacting results by 2026.
Operational Efficiency Improvements
Cleveland-Cliffs is idling several loss-making operations, which will generate savings of over $300 million annually. These changes include the idling of mines in Minnesota and facilities in Dearborn, Steelton, Conshohocken, and Riverdale.
Stelco Integration
The acquisition of Stelco has been well-aligned with Cleveland-Cliffs' commercial strategy, allowing for more business opportunities in the U.S. and Canada.
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CLF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CLF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2025 | $8.49 | $7.15 | -15.78% |
Feb 24, 2025 | $11.15 | $10.79 | -3.23% |
Nov 04, 2024 | $13.11 | $11.61 | -11.44% |
Jul 22, 2024 | $15.21 | $15.88 | +4.40% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Cleveland-Cliffs Inc (CLF) report earnings?
Cleveland-Cliffs Inc (CLF) is schdueled to report earning on Jul 18, 2025, TBA Not Confirmed.
What is Cleveland-Cliffs Inc (CLF) earnings time?
Cleveland-Cliffs Inc (CLF) earnings time is at Jul 18, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CLF EPS forecast?
CLF EPS forecast for the fiscal quarter 2025 (Q2) is -0.32.
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