Cleveland-Cliffs Revenue Tops Estimates

Cleveland-Cliffs (NYSE:CLF), a vertically integrated steel producer serving end-markets from automotive to infrastructure, reported its second-quarter 2025 results on July 21, 2025. The company posted a non-GAAP loss of $0.50 per share for Q2 2025, beating the consensus estimate of a $0.71 non-GAAP loss for Q2 2025, and generated $4.9 billion in GAAP revenue for Q2 2025, topping analyst forecasts of $4.86 billion (GAAP) for Q2 2025. Despite improvements in shipments and lower costs, Q2 2025 showed ongoing challenges: losses persisted, gross margins for steel remained negative, and non-recurring charges tied to restructuring continued. Overall, the quarter reflected early impacts from the company's cost-saving and operational changes, yet meaningful uncertainty remains for sustainable profitability. Source: Analyst estimates provided by FactSet. Management expectations based on management's guidance, as provided in Q1 2025 earnings report. The company is vertically integrated, being fully or partially self-sufficient in key raw materials and processes for steelmaking. It mines iron ore, produces iron pellets and direct reduced iron, and turns these into steel for customers—primarily in the automotive, infrastructure, and manufacturing sectors. Its business model centers on vertical integration: owning the supply chain from raw material extraction to end-product delivery. This structure helps Cliffs manage costs and insulate itself from global raw material price swings.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool