Steel Producer Cleveland-Cliffs Inc. (NYSE: CLF) Makes NYSE Top Gainer List On Third Quarter Results
Cleveland-Cliffs is a leading North America-based steel producer with focus on value-added sheet products, particularly for the automotive industry. The Company is vertically integrated from the mining of iron ore, production of pellets and direct reduced iron, and processing of ferrous scrap through primary steelmaking and downstream finishing, stamping, tooling, and tubing.
Cleveland-Cliffs (NYSE: CLF) makes the NYSE top gainer list following third quarter results. The stock is trading at 14.08 +1.95 (+16.13%) with a morning high of $14.58.
AdvertisementThird-Quarter Consolidated Results
- Revenues of $5.6 billion Steel shipments of 4.2 million net tons GAAP net income of $165 million Adjusted EBITDA 2 of $612 million GAAP net income of $0.26 per diluted share and adjusted net income 1 of $0.28 per diluted share Liquidity of $3.2 billion as of September 30, 2026
Third-quarter 2026 consolidated revenues were $5.6 billion, compared to $5.2 billion in the second quarter of 2026.
For the third quarter of 2026, the Company recorded GAAP net income of $165 million, or $0.26 per diluted share, with an adjusted net income 1 of $0.28 per diluted share. This compares to a second quarter 2026 GAAP net loss of $134 million, or $0.25 per diluted share, with an adjusted net loss 1 of $0.20 per diluted share.
For the third quarter of 2026, the Company reported Adjusted EBITDA 2 of $612 million, a $326 million improvement compared to Adjusted EBITDA 2 of $286 million recorded in the second quarter of 2026.
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