CLF Cleveland-Cliffs (CLF) Q1 FY26 earnings call
Cleveland-Cliffs reported a Q1 FY26 marked by significant sequential improvement, driven by a full order book and strengthening pricing. Despite a one-time $80 million energy cost impact, the company anticipates sustained positive momentum through the year, with Q2 and Q3 expected to show further gains in profitability and cash flow. Strategic footprint optimization and a focus on domestic supply chain resilience are positioning the company for enhanced competitiveness, though ongoing discussions with POSCO face external headwinds.
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CLF operating KPIs by quarter
| KPI | This call Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Sep 2026 Q3 FY26 | Change vs prior quarter |
|---|---|---|---|---|
| Shipments | 4.1M tons+First quarter shipments totaled just over 4.1 million tons, which represents a recovery of more than 300,000 tons sequentially.Source: earnings call transcript | 4M tons+Second quarter shipments were just over 4 million tons, down sequentially from the previous quarter due to the maintenance outages we underwent during the quarter as well as improved automotive demand, which comes with longer lead times.Source: earnings call transcript | 4.2M tonsSteel shipments were 4.2 million net tons, compared with 4 million net tons in the second quarter.Source: earnings call transcript | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.