Cleveland-Cliffs Inc. announced today the commencement of an offer to purchase for cash , subject to certain terms and conditions, up to $600 million aggregate principal amount of its outstanding 5.75% Senior Guaranteed Notes due 2025 . The Tender Offer is being made pursuant to an Offer to Purchase , which set forth a more detailed description of [...]
Cleveland-Cliffs Inc. today announced that it intends to offer to sell, subject to market and other conditions, $750 million aggregate principal amount of Senior Notes due 2027 in an offering that is exempt from the registration requirements of the Securities Act of 1933 . The Notes will be guaranteed on a senior unsecured basis by the [...]
Cleveland-Cliffs Inc. today reported first-quarter results for the period ended March 31, 2019. The Company reported consolidated revenues of $157 million, compared to the prior year's first-quarter consolidated revenues of $180 million. Cost of goods sold was $126 million compared to $119 million reported in the first quarter of 2018. The Company [...]
Cleveland-Cliffs Inc. today said it will be announcing first-quarter 2019 financial results before the U.S.-market open on Thursday, April 25, 2019. The Company invites interested parties to listen to a live broadcast of a conference call with securities analysts and institutional investors to discuss the results. When: Thursday, April 25, 2019, at [...]
Cleveland-Cliffs Inc. today announced that its Board of Directors declared a quarterly cash dividend on the Company's common shares of $0.05 per share. The cash dividend will be payable on April 15, 2019, to shareholders of record as of the close of business on April 5, 2019. About Cleveland-Cliffs Inc. Founded in 1847, Cleveland-Cliffs Inc. is the [...]
Cleveland-Cliffs Inc. announced today that Keith A. Koci has been appointed Executive Vice President, Chief Financial Officer of the company, effective immediately. Mr. Koci replaces Timothy K. Flanagan, who will be leaving the company, effective immediately. Mr. Koci joins Cliffs from Metals USA Holdings Corp., where he served most recently as its [...]
Cleveland-Cliffs Inc. today reported fourth-quarter and full-year results for the period ended December 31, 2018. Fourth-quarter 2018 consolidated revenues were $696 million, compared to prior-year fourth-quarter revenues of $512 million. Cost of goods sold and operating expenses were $494 million, compared to $396 million reported in the fourth [...]
Cleveland-Cliffs Inc. announced today that it has appointed M. Ann Harlan and Janet L. Miller to its Board of Directors, effective immediately. Ms. Harlan was formerly Vice President, General Counsel and Secretary at The JM Smucker Company, a fortune 500 food manufacturing and marketing company. She currently serves on the Board of Gorman Rupp [...]
Cleveland-Cliffs Inc. today said it will be announcing fourth-quarter and full-year 2018 financial results before the U.S.-market open on Friday, February 8, 2019. The Company invites interested parties to listen to a live broadcast of a conference call with securities analysts and institutional investors to discuss the results. When: Friday [...]
Cleveland-Cliffs Inc. announced today that it has named its current Executive Vice President, Business Development, Clifford T. Smith, as the Company’s Executive Vice President, Chief Operating Officer, effective January 1, 2019. In his new role, Mr. Smith will have oversight for the Company’s operations, commercial sales and business [...]
Cleveland-Cliffs Inc. today announced that its Board of Directors has authorized the Company to buy back its outstanding common shares. Under the share repurchase program, the Company will have ample flexibility to buy up to a maximum of $200 million worth of shares, via acquisitions in the open market or privately negotiated transactions [...]
Cleveland-Cliffs Inc. today said it will be webcasting the fireside chat with Lourenco Goncalves at the Goldman Sachs Global Metals & Mining Conference in New York. The Company invites interested parties to listen to a live broadcast of the presentation. When: Wednesday, November 28, 2018, at 1:45 p.m. ET Presenter: Lourenco Goncalves, Chairman [...]