NASDAQ

Yahoo Finance @YahooFinance · 2026-07-25

Cleveland-Cliffs Inc. Q2 2026 Earnings Call Summary

Moby summary of Cleveland-Cliffs Inc.'s Q2 2026 earnings call

Quick take

Cleveland-Cliffs Inc. reported a tripling of Q2 EBITDA, attributing it to automotive volume recovery and other strategic pillars. The company expects Q3 2026 adjusted EBITDA to reach $575 million, driven by higher prices and increased shipping volumes. Management targets a leverage ratio below 2.5x by mid-2027.

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