Cleveland-Cliffs projects $575M Q3 adjusted EBITDA while targeting sub 2.5x leverage by next year
Seeking Alpha ·
Earnings Call Insights: Cleveland-Cliffs (CLF) Q2 2026 "After several quarters of talking about the future earnings power of this company, we can finally point to tangible evidence that the progression we have been forecasting is now reality," said Chairman, President & CEO Lourenco
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Cleveland-Cliffs projected a Q3 2026 adjusted EBITDA of $575 million, presenting tangible evidence of earnings improvement. The company also set a financial health target to lower its leverage ratio below 2.5x by next year. CEO Lourenco emphasized that the company's future earnings power is materializing. This announcement has raised expectations for a recovery in the steel industry and positively impacted related investment sentiment.
상승 영향
- Steel — The projected Q3 adjusted EBITDA of $575 million and the goal to achieve a leverage ratio under 2.5x indicate simultaneous improvements in profitability and financial soundness.
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