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DewDiligence

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DewDiligence

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Re: DewDiligence post# 26300

Tuesday, 10/25/2022 9:53:20 AM

Tuesday, October 25, 2022 9:53:20 AM

Post# of 30564
CLF -13% reports on 3Q22 results:

https://www.clevelandcliffs.com/news/news-releases/detail/560/cleveland-cliffs-reports-third-quarter-2022-results-and

• Third-quarter revenue of $5.7 billion

• Third-quarter net income of $165 million

• Third-quarter Adjusted EBITDA of $452 million

• $1.8 billion reduction in pro forma pension/OPEB net liabilities

I’ll have more to say after today’s CC (10-11am ET).

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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