secwatch.observer — SEC 8-K summary
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Issuer:     CLEVELAND-CLIFFS INC. (CLF)
CIK:        0000764065
Form:       8-K/A
Filed at:   2025-01-17T23:59:59+00:00
Accession:  0000764065-25-000031
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.60
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cliffs completes Stelco acquisition; Stelco FY2023 net income plunged to C$149M from C$997M
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- Stelco FY2023 revenue C$2,917M, net income C$149M, vs FY2022 revenue C$3,463M, net income C$997M.
- Stelco FY2023 gross profit C$400M, operating income C$309M, vs prior year C$1,160M and C$1,085M respectively.
- Stelco FY2023 total assets C$3,065M, equity C$1,296M; dividends paid C$258M in FY2023.
- Audited Stelco financials for FY2023/2022 and unaudited interim for nine months Sep 30, 2024 filed.
- Unaudited pro forma combined financials filed as Exhibit 99.3 (specific pro forma figures not detailed in this document).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/764065/000076406525000031/0000764065-25-000031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/764065/000076406525000031/clf-20241101.htm
  HTML page:      https://secwatch.observer/filing/0000764065-25-000031

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