{"schema_version":"secwatch.filing_event.v1","accession":"0000764065-24-000105","form_type":"8-K","ticker":"CLF","cik":"0000764065","company_name":"CLEVELAND-CLIFFS INC.","filed_at":"2024-04-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.926578+00:00","generated_at":"2026-06-03T14:52:50.042894+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Cleveland-Cliffs Q1 adj. net income $87M, launches $1.5B share repurchase","bullets":["Revenues of $5.2B; GAAP net loss $53M (diluted EPS -$0.14) but adjusted net income $87M ($0.18 adj. EPS).","Adjusted EBITDA $414M, up 70% YoY and 48% QoQ; steel shipments 3.9M net tons.","Repurchased 30.4M shares (6% of outstanding) at avg $18.79; fully utilized prior $1B program.","Board authorized new $1.5B share buyback program; net debt $3.6B, liquidity $4.0B.","Maintained FY2024 guidance: steel shipments 16.5M net tons, capex $675-725M, $500M EBITDA benefit from cost cuts."],"urls":{"canonical":"https://secwatch.observer/filing/0000764065-24-000105","json":"https://secwatch.observer/filing/0000764065-24-000105.json","markdown":"https://secwatch.observer/filing/0000764065-24-000105.md","text":"https://secwatch.observer/filing/0000764065-24-000105.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/764065/000076406524000105/0000764065-24-000105-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/764065/000076406524000105/clf-20240422.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T14:52:50.042894+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"390117b31bc90de4f470041eb73e2682712da162","claim":"CLEVELAND-CLIFFS INC. reported first quarter ended March 31, 2024 results: revenue $5.2 billion, net income $53 million, EPS $0.14 per diluted share. Guidance reaffirmed.","evidence_excerpt":"reported first-quarter results for the period ended March 31, 2024. First Quarter 2024 Highlights • Repurchased 30.4 million shares, or 6% of total outstanding • Revenues of $5.2 billion • Steel shipments of 3.9 million net tons • GAAP net loss of $53 million and adjusted net income 1 of $87 million • Adjusted EPS 1 of $0.18 per diluted share • Adjusted EBITDA 2","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/764065/000076406524000105/0000764065-24-000105-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2024"},{"label":"Revenue","value":"$5.2 billion"},{"label":"Net income","value":"$53 million"},{"label":"EPS","value":"$0.14 per diluted share"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}