Cleveland-Cliffs Reports Q1 Net Loss of $229M, Misses Adjusted EPS Estimates
CLF sits 78% above its 52-week low of $5.63.
Summary
Cleveland-Cliffs announced its first-quarter results, reporting a net loss of $229 million and adjusted earnings per share of $-0.40, which missed the IBES estimate of $-0.39. While the company's Q1 revenue of $4.9 billion surpassed the $4.777 billion estimate, the bottom-line performance indicates ongoing profitability challenges. This follows the substantial net loss and decline in Adjusted EBITDA reported for the full year 2025, as highlighted in the company's recent 10-K filing. The continued unprofitability is a material concern for investors, who will be closely watching for strategies to improve earnings and cash flow in upcoming quarters.
At the time of this announcement, CLF was trading at $10.04 on NYSE in the Manufacturing sector, with a market capitalization of approximately $5.7B. The 52-week trading range was $5.63 to $16.70. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Reuters.