Cleveland-Cliffs Projects $715M Q4 Adjusted EBITDA with Path to Over $4B by 2027
Cleveland-Cliffs (NYSE: CLF) has projected adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of $715 million for the fourth quarter. The company also outlined a long-term strategy to achieve more than $4 billion in EBITDA by 2027. CEO Lourenco Goncalves highlighted that an earnings recovery is now firmly underway at Cleveland-Cliffs, following earlier indications from three months ago. Q3 adjusted EBITDA reached $612 million, signaling strong operational performance and reinforcing the company’s positive trajectory in a recovering market environment.
Tickers: $CLF
Topics: Earnings EBITDA Management Commentary