---
schema_version: "secwatch.filing_event.v1"
accession: "0000764065-24-000163"
form_type: "8-K"
ticker: "CLF"
cik: "0000764065"
company_name: "CLEVELAND-CLIFFS INC."
filed_at: "2024-07-22T23:59:59+00:00"
generated_at: "2026-05-31T18:44:29.879479+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Cleveland-Cliffs Q2 net income $9M, adj EPS $0.11; lowers FY2024 capex to $650-700M

## Summary
- Revenue $5.1B, steel shipments 4.0M net tons; GAAP net income $9M, adjusted net income $50M.
- Adjusted EBITDA $323M (down from $414M in Q1); free cash flow $362M.
- Net debt decreased $237M to $3.4B; repurchased 7.5M shares (~$125M).
- Lowered FY2024 capex guidance to $650-700M from $675-725M; unit cost reduction target on track.
- CEO noted Stelco acquisition progress and Weirton plant repurposing for transformer production.

## SEC filing metadata
- accession: 0000764065-24-000163
- form_type: 8-K
- ticker: CLF
- cik: 0000764065
- company_name: CLEVELAND-CLIFFS INC.
- filed_at: 2024-07-22T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/764065/000076406524000163/0000764065-24-000163-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/764065/000076406524000163/clf-20240722.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000764065-24-000163
- JSON: https://secwatch.observer/filing/0000764065-24-000163.json
- Plain text: https://secwatch.observer/filing/0000764065-24-000163.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.