logo
  

Cleveland-Cliffs Expects Q2 Adj. EBITDA Of $1.3 Bln

Cleveland-Cliffs Inc. (CLF) said it expects second-quarter 2021 adjusted EBITDA of $1.3 billion and full-year 2021 adjusted EBITDA of $5 billion.

The full-year expectation is based on current contractual business and the conservative assumption that the US HRC index price averages $1,175 per net ton for the remainder of the year.

The company noted that it will announce its full second-quarter 2021 earnings results before the U.S. market open on July 22, 2021.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Networking systems firm Ciena Corp. reported on Thursday that profit for the fourth quarter increased from last year, driven by strong revenue growth despite supply chain challenges. Adjusted earnings per share met analysts' expectations and quarterly revenues topped them by a whisker. Louisville, Kentucky -based GE Appliances, owned by Chinese home appliances company Haier, is recalling to repair free-standing and slide-in electric and gas ranges due to tip-over risk, the U.S. Consumer Product Safety Commission announced. The recall involves about 132,000 units of electric and gas ranges sold in the United States. In addition, about 12,960 units were sold in Canada. While reporting financial results for the first quarter on Wednesday, United Natural Foods, Inc. (UNFI) affirmed its earnings, adjusted earnings and sales guidance for the full-year 2021. For fiscal 2022, the company continues to project earnings in the range of $3.60 to $3.90 per share and adjusted...
Follow RTT