Highest-materiality recent filing
Celso Goncalves, previously EVP & CFO, appointed President and CFO effective July 21, 2026; also joins Board.
Cleveland-Cliffs Q2 net loss narrows to $0.25/sh; adj EBITDA $286M, Q3 guidance $575M
Revenues $5.2B, up $300M from Q1; GAAP net loss $134M ($0.25/sh) vs Q1 loss $229M ($0.42/sh).
All 8 director nominees elected with 325M-330M votes for; broker non-votes of ~101M on each.
Cleveland-Cliffs Q1 net loss $229M; revenue $4.9B; adj EBITDA $95M with $80M weather hit
GAAP net loss of $229M ($0.42/diluted); adjusted net loss $0.40/diluted.
Douglas C. Taylor resigned as Lead Director and board member due to change in primary occupation; no disagreement with company.
Cleveland-Cliffs reports Q4 net loss $235M, full-year loss $1.4B; 2026 guidance issued
Q4 2025 revenues $4.3B flat YoY; GAAP net loss $235M ($0.44/diluted share), adjusted loss $0.43.
Cleveland-Cliffs appoints Edilson Camara to board, effective Nov 12, 2025
Edilson Camara appointed to the Board effective November 12, 2025.
Cleveland-Cliffs files underwriting agreement with UBS for securities offering; terms not disclosed
Filed underwriting agreement with UBS Securities LLC as sole underwriter for offering under existing S-3 shelf.
Cleveland-Cliffs Q3 GAAP net loss $234M, adjusted EBITDA $143M, guides lower capex
GAAP net loss $234M ($0.45/diluted); adjusted net loss $223M; revenues $4.7B.
Cleveland-Cliffs issues $275M add-on of 7.625% notes due 2034; total now $1.125B
Issued additional $275M aggregate principal of 7.625% Senior Guaranteed Notes due 2034 at 102.75% of par.
Cleveland-Cliffs upsizes and prices additional $275M 7.625% notes due 2034 at 102.75% of par
Priced additional $275M aggregate principal of 7.625% Senior Unsecured Guaranteed Notes due 2034 at 102.75% (yield 6.992%).
Cleveland-Cliffs issues $850M 7.625% notes due 2034 to refinance 2027 notes and ABL
Issued $850M aggregate principal of 7.625% Senior Guaranteed Notes maturing Jan 15, 2034; interest payable semiannually.
Cleveland-Cliffs prices $850M notes at 7.625%, redeems $685M in 2027 notes
Launched and priced $850M aggregate principal amount of Senior Guaranteed Notes due 2034 at 7.625% interest, upsized from initial $600M.
Cleveland-Cliffs Q2: record steel shipments 4.3M tons; GAAP net loss $470M
Revenues $4.9B; GAAP net loss $470M includes $323M non-recurring charges.
All director nominees elected, say-on-pay approved with >90% at Cleveland-Cliffs annual meeting
All 10 director nominees elected; Lourenco Goncalves received 249.7M votes for, 11.8M withheld.
Cleveland-Cliffs Q1 net loss $483M, idles six facilities for $300M+ annual savings
Q1 GAAP net loss $483M ($1.00/sh), adjusted loss $456M ($0.92/sh); revenues $4.6B vs $4.3B Q4.
Cleveland-Cliffs reports full-year 2024 net loss of $708M; revenue down 13% to $19.2B
Full-year 2024 consolidated revenues $19.2B vs $22.0B in 2023; net loss of $708M ($1.57 diluted EPS).
Cleveland-Cliffs issues $850M of 7.5% Senior Guaranteed Notes due 2031
Issued $850M aggregate principal of 7.500% Senior Guaranteed Notes due September 15, 2031.
Q4 expected revenues ~$4.3B, steel shipments 3.8M net tons; FY2024 adj. EBITDA ~$775M (pro-forma $1.2B incl. Stelco).
Cliffs completes Stelco acquisition; Stelco FY2023 net income plunged to C$149M from C$997M
Stelco FY2023 revenue C$2,917M, net income C$149M, vs FY2022 revenue C$3,463M, net income C$997M.
Cleveland-Cliffs appoints Jane M. Cronin to Board of Directors
Jane M. Cronin appointed to Board effective January 3, 2025, as independent director.
Revenue $4.6B, 3.8M net ton shipments; GAAP net loss $230M ($0.52 diluted EPS).
Cleveland-Cliffs completes Stelco acquisition for C$60 cash + 0.454 CLF shares per share
Acquisition consummated November 1, 2024 via statutory plan of arrangement under Canada Business Corporation Act.
Cleveland-Cliffs issues $1.8B in 6.875%/7.375% senior notes to fund Stelco acquisition
Issued $900M 6.875% Senior Notes due 2029 and $900M 7.375% Senior Notes due 2033.
Cleveland-Cliffs launches $1.6B private offering of senior guaranteed notes due 2029/2033
Offering consists of $800M in 2029 Notes and $800M in 2033 Notes, aggregate principal $1.6B.
Cleveland-Cliffs prices $1.8B senior notes to fund Stelco acquisition
Upsized offering: $900M 6.875% Senior Guaranteed Notes due 2029 and $900M 7.375% Notes due 2033, both at par.
Cleveland-Cliffs amends $4.75B ABL credit facility to finance Stelco acquisition
Entered Sixth Amendment to $4.75B asset-based revolving credit agreement on September 13, 2024.
Cleveland-Cliffs issues additional $600M of 7% senior notes due 2032 for Stelco acquisition
Issued $600M aggregate principal of 7.000% Senior Guaranteed Notes due 2032, add-on to existing $825M notes.
Initial $500M offering upsized to $600M aggregate principal; notes priced at 99.25% of par.
Cleveland-Cliffs Q2 net income $9M, adj EPS $0.11; lowers FY2024 capex to $650-700M
Revenue $5.1B, steel shipments 4.0M net tons; GAAP net income $9M, adjusted net income $50M.
Cliffs to acquire Stelco for ~$2.5B enterprise value; CAD $70/share total consideration
Stelco shareholders receive CAD $60 cash + 0.454 Cliffs shares per share, total CAD $70 (approx. $51/share as of July 12).
Cleveland-Cliffs director Janet L. Miller resigns effective June 28, 2024
Janet L. Miller resigned from the Board of Directors for personal reasons, effective June 28, 2024.
All 9 director nominees elected; Lourenco Goncalves received 281.5M votes for, 18.4M withheld.
Cleveland-Cliffs subsidiary receives MSHA imminent danger order at Michigan mine; no injuries
On May 2, 2024, Tilden Mining (Cleveland-Cliffs subsidiary) received MSHA imminent danger order at Michigan operations.
Cleveland-Cliffs Q1 adj. net income $87M, launches $1.5B share repurchase
Revenues of $5.2B; GAAP net loss $53M (diluted EPS -$0.14) but adjusted net income $87M ($0.18 adj. EPS).
Cleveland-Cliffs subsidiary receives MSHA imminent danger order at Michigan mine
Order issued April 2, 2024 at Tilden Mining in Michigan; two employees lacked fall protection on a flatbed at 48 inches height.
Cleveland-Cliffs subsidiary Northshore Mining receives MSHA order for fall protection lapse
On March 26, 2024, MSHA issued an imminent danger order regarding an employee working on a railroad car without fall protection.
Cleveland-Cliffs issues $825M of 7.000% senior notes due 2032 to refinance 2026 secured notes
$825M aggregate principal of 7.000% senior unsecured notes issued March 18, 2024, maturing March 15, 2032.
Cleveland-Cliffs prices $825M 7% notes due 2032; launches tender for 6.75% 2026 secured notes
Upsized and priced $825M senior unsecured guaranteed notes due 2032 at par, bearing 7% interest.
Cliffs FY2023 Adj EBITDA $1.9B, record steel shipments; sees Q1 2024 EBITDA meaningfully higher
Full-year 2023 revenue $22.0B (down from $23.0B); GAAP net income $450M ($0.78 diluted EPS); adjusted net income $545M ($1.07 diluted EPS).
Cleveland-Cliffs appoints Ron A. Bloom to Board, effective January 3, 2024
Ron A. Bloom appointed to the Board, effective immediately on January 3, 2024.
Cleveland-Cliffs Q3 2023 net income $275M, EPS $0.52, revenue $5.6B, adjusted EBITDA $614M
Net income $275M, diluted EPS $0.52 vs $165M ($0.29) in Q3 2022; adjusted EBITDA $614M up from $463M.
Cleveland-Cliffs board adopts annual say-on-pay votes after shareholder vote
At May 17, 2023 annual meeting, shareholders voted for annual say-on-pay frequency.
Cleveland-Cliffs demands U.S. Steel comply with right-to-bid clause in labor agreement
Cliffs sent letter to U.S. Steel on Aug 22, 2023 demanding compliance with Right to Bid provisions under Basic Labor Agreement.
Offer of $17.50 cash + 1.023 CLF shares per X share, valued at ~$35/share (~43% premium to July 28 market price).
Cleveland-Cliffs Q2 net income $356M, rev $6.0B, shipments 4.2M tons
Revenue $6.0B vs $5.3B in Q1; net income $356M ($0.67 diluted EPS) vs Q1 net loss $42M.
Cleveland-Cliffs increases ABL revolver by $250M to $4.75B, extends maturity to June 2028
Fourth Amendment to Asset-Based Revolving Credit Agreement executed June 9, 2023.
Cleveland-Cliffs shareholders elect all director nominees at 2023 annual meeting
All 10 director nominees elected with 'FOR' votes ranging from 300.9M to 310.1M.
Cleveland-Cliffs reports Q1 results: net loss $42M, revenue $5.3B, adjusted EBITDA $243M
GAAP net loss of $42M ($0.11 diluted EPS) vs Q4 2022 loss of $204M ($0.41).
Cleveland-Cliffs issues $750M 6.750% senior notes due 2030; proceeds to repay ABL facility
Issued $750M in 6.750% senior unsecured notes due April 15, 2030, in a private placement.
On January 3, 2025, the Board of Directors (the “Board”) of Cleveland-Cliffs Inc. (the “Company”) appointed Jane M. Cronin to the Board, effective immediately.
On June 26, 2024, Janet L. Miller submitted her resignation, effective as of June 28, 2024, as a member of the Board of Directors of Cleveland-Cliffs Inc.
On January 3, 2024, the Board of Directors (the “Board”) of Cleveland-Cliffs Inc. (the “Company”) appointed Ron A. Bloom to the Board, effective immediately.
Maurice D. Harapiak has departed from his position as Executive Vice President, Human Resources & Chief Administration Officer of Cleveland-Cliffs Inc.
On April 22, 2022, Cleveland-Cliffs Inc. (the “Company”) announced that Maurice D. Harapiak is departing from the Company and his roles as Executive Vice President, Human Resources & Chief Administration Officer and an employee, effective as of April 22, 2022.
On December 7, 2021, Eric M. Rychel submitted his resignation, effective as of December 8, 2021, as a member of the Board of Directors of Cleveland-Cliffs Inc. (the “Company”).
On August 27, 2021, the Board of Directors of Cleveland-Cliffs Inc. (the “Company”) elected Celso L. Goncalves Jr., age 33, as Executive Vice President, Chief Financial Officer of the Company, effective September 1, 2021.
On August 27, 2021, the Board of the Directors of the Company elected Keith A. Koci, age 56, as Executive Vice President & President, Cleveland-Cliffs Services, effective September 1, 2021.
On August 27, 2021, the Board of the Directors of the Company elected Clifford T. Smith, age 61, as Executive Vice President & President, Cleveland-Cliffs Steel, effective September 1, 2021.
Max materiality 0.85 · Median 0.65 · Most common event earnings