皇冠体育克利夫报告全年和2023年第四季度业绩

皇冠体育——（皇冠体育官网商业资讯）——CLEVELAND- cliffs Inc.（纽约证券交易所代码：CLF）今天公布了截至2023年12月31日的全年和第四季度业绩。

全年亮点

• 收入220亿美元
• 钢铁净发货量创下1640万吨的纪录，其中包括创纪录的汽车发货量
• 经营现金流为23亿美元
• 自由现金流为16亿美元，其中包括2023年第四季度的约5亿美元
• 年底净负债29亿美元
• 养老金和OPEB净负债降至5.86亿美元，自2020年以来减少了36亿美元

全年综合业绩

与上一年的230亿美元合并收入相比，2023年全年合并收入为220亿美元。

正如之前在Cliffs的2022年10-K中所预示的那样，全年业绩包括总计1.25亿美元的商誉减值费用，与其他业务部门的模具和冲压业务相关，主要是由修订的投资计划和更高的折扣率推动的。2023年全年，公司的GAAP净收入为4.5亿美元，摊薄后每股收益为0.78美元，调整后净收入2为5.45亿美元，调整后每股收益为1.07美元。相比之下，2022年的净利润为14亿美元，摊薄后每股收益为2.55美元，调整后净利润为14亿美元，摊薄后每股收益为2.74美元。2023年全年，调整后EBITDA1为19亿美元，而2022年为32亿美元。减少的主要原因是2023年的钢铁指数价格较2022年下降，部分被销量增加和运营成本降低所抵消。

2023年，公司记录的运营现金流为23亿美元，资本支出为6.46亿美元，相当于16亿美元的自由现金流。在2023年期间，公司将其净债务减少了13亿美元，将其大部分自由现金流用于此目的。

第四季度综合业绩

2023年第四季度合并收入为51亿美元，而去年第四季度合并收入为50亿美元。

对于2023年第四季度，公司的GAAP净亏损为1.39亿美元，或摊薄每股0.31美元，调整后净亏损为2500万美元或摊薄每股0.05美元。去年第四季度，公司净亏损2.04亿美元，即0.41美元，调整后净亏损2.08亿美元，即摊薄每股0.40美元。

在2023年第四季度，公司记录的运营现金流为6.52亿美元，资本支出为1.65亿美元，相当于4.87亿美元的自由现金流。本季度净负债减少了约5亿美元。

2023年第四季度调整后EBITDA1为2.79亿美元，而2022年第四季度为1.23亿美元。

cliff董事长、总裁兼首席执行官Lourenco Goncalves表示：“2023年对Cleveland-Cliffs来说又是伟大的一年，我们在商业、运营、财务和人力资源方面完成了多项目标。钢铁需求全年保持健康，我们最重要的市场——汽车行业——表现良好。尽管皇冠体育官网汽车工人联合会（UAW）在第三季度末和第四季度举行了罢工，但正如我们预期的那样，汽车钢材需求依然强劲。在确定罢工不会在市场上造成任何实际问题之后，押注钢铁价格下跌的非汽车客户去库存，被迫以更高的价格购买钢铁。”

贡萨尔维斯先生补充说：“我们2023年的钢铁总出货量为1640万吨，创下了自我们2020年成为钢铁公司以来的纪录。我们的钢材出货量已经连续四个季度超过400万吨了。我们创造了超过16亿美元的强劲自由现金流，主要用于继续偿还债务，同时还以每股14.68美元的平均价格回购了1000多万股股票。到2023年底，我们的净债务为29亿美元，低于我们公开宣布的30亿美元的目标，而我们的流动性目前达到了45亿美元的历史最高水平。按照计划，我们在2023年底的ABL余额为零。展望未来，假设一个公平的废钢市场——没有人为的、受刺激的和难以解释的举动——废钢需求不断增长，供应不断减少，那么废钢价格就没有理由下跌。如果皇冠体育官网废钢的真实供需状况仍然存在，那么HRC价格就没有理由低于每净吨1000美元。”

Goncalves先生继续说道：“2023年皇冠体育-克利夫斯的另一个非常重要的亮点是我们成功地大幅降低了单位成本。我们预计，到2024年，钢铁单位成本每吨将进一步下降30美元。加上预计2024年的强劲出货量，我们全年应继续产生健康的自由现金流。由于我们的净债务目标已经实现，而我们的股票仍然被低估，我们现在可以更加专注于积极的股票回购。”

贡萨尔维斯先生总结道：“我们作为皇冠体育官网钢铁行业皇冠体育领导者的地位从未如此强大，在世界动荡时期，就像我们现在所经历的那样，这一点尤为重要。”我们仍然致力于皇冠体育-克利夫斯的所有利益相关者，包括我们的工会代表和非工会员工，投资者，客户，供应商，社区和美利坚合众国。作为一家公司，我们与每一个利益相关者的关系都体现在我们所做的每一个决定中。皇冠体育-克利夫斯以皇冠体育官网人拥有、皇冠体育官网人经营和皇冠体育官网价值观的可靠基础而自豪。”

炼钢部门业绩

2023年全年钢材产量为1640万吨，其中热轧占36%，涂层占29%，冷轧占15%，钢板占5%，不锈钢和电气占4%，其他占11%，包括板坯和钢轨。2023年第四季度钢材产量为400万吨，其中热轧占36%，涂层占28%，冷轧占15%，钢板占5%，不锈钢和电气占4%，其他占12%，包括板坯和钢轨。

2023年全年钢铁生产收入为213亿美元，其中约74亿美元，占汽车直接客户销售额的35%；基础设施和制造业市场销售额56亿美元，占26%；53亿美元，占分销商和转换器市场销售额的25%；对钢铁生产商的销售额为29亿美元，占比14%。2023年第四季度钢铁制造收入为50亿美元，其中约16亿美元，占汽车直接客户销售额的33%；13亿美元，占分销商和转换器市场销售额的26%；基础设施和制造业市场销售额为13亿美元，占26%；7.15亿美元，占钢铁生产商销售额的14%。

流动性和现金流量

在2023年第四季度，公司的ABL设施的未偿余额被消除，本季度减少了3.25亿美元。截至2023年12月31日，ABL已完全取消。截至2023年12月31日，公司净负债为29亿美元，低于2023年第三季度的34亿美元。

截至2023年，该公司的流动性达到创纪录的45亿美元。

前景

公司对2024年全年提出如下预期：

• 钢铁净出货量为1650万吨，而2023年为1640万吨；
• 钢材单位成本每吨降低约30美元，与2023年相比，调整后EBITDA收益约为5亿美元；和
• 资本支出为6.75亿至7.25亿美元。

公司预计其2024年第一季度的调整后EBITDA业绩将显著超过其2023年第四季度的调整后EBITDA业绩。

电话会议信息

皇冠体育-皇冠体育斯公司将于2024年1月30日皇冠体育官网东部时间上午8点30分召开电话会议。电话会议将进行现场直播，并存档在皇冠体育斯的网站：www.alphaetomega.net上

关于皇冠体育-皇冠体育斯公司

皇冠体育-克利夫斯是北美最大的扁钢生产商。皇冠体育斯成立于1847年，是一家矿山运营商，也是北美最大的铁矿石球团制造商。公司从开采原料、直接还原铁、废铁到初级炼钢及下游精加工、冲压、工装、管材等垂直一体化。皇冠体育-皇冠体育斯是北美汽车行业最大的钢铁供应商，并因其全面的扁钢产品而服务于各种其他市场。皇冠体育-克利夫斯总部位于俄亥俄州皇冠体育，在皇冠体育官网和加拿大拥有约28,000名员工。

前瞻性陈述

This release contains statements that constitute "forward-looking statements" within the meaning of the federal securities laws. All statements other than historical facts, including, without limitation, statements regarding our current expectations, estimates and projections about our industry or our businesses, are forward-looking statements. We caution investors that any forward-looking statements are subject to risks and uncertainties that may cause actual results and future trends to differ materially from those matters expressed in or implied by such forward-looking statements. Investors are cautioned not to place undue reliance on forward-looking statements. Among the risks and uncertainties that could cause actual results to differ from those described in forward-looking statements are the following: continued volatility of steel, iron ore and scrap metal market prices, which directly and indirectly impact the prices of the products that we sell to our customers; uncertainties associated with the highly competitive and cyclical steel industry and our reliance on the demand for steel from the automotive industry; potential weaknesses and uncertainties in global economic conditions, excess global steelmaking capacity, oversupply of iron ore, prevalence of steel imports and reduced market demand; severe financial hardship, bankruptcy, temporary or permanent shutdowns or operational challenges of one or more of our major customers, key suppliers or contractors, which, among other adverse effects, could disrupt our operations or lead to reduced demand for our products, increased difficulty collecting receivables, and customers and/or suppliers asserting force majeure or other reasons for not performing their contractual obligations to us; risks related to U.S. government actions with respect to Section 232 of the Trade Expansion Act of 1962 (as amended by the Trade Act of 1974), the United States-Mexico-Canada Agreement and/or other trade agreements, tariffs, treaties or policies, as well as the uncertainty of obtaining and maintaining effective antidumping and countervailing duty orders to counteract the harmful effects of unfairly traded imports; impacts of existing and increasing governmental regulation, including potential environmental regulations relating to climate change and carbon emissions, and related costs and liabilities, including failure to receive or maintain required operating and environmental permits, approvals, modifications or other authorizations of, or from, any governmental or regulatory authority and costs related to implementing improvements to ensure compliance with regulatory changes, including potential financial assurance requirements, and reclamation and remediation obligations; potential impacts to the environment or exposure to hazardous substances resulting from our operations; our ability to maintain adequate liquidity, our level of indebtedness and the availability of capital could limit our financial flexibility and cash flow necessary to fund working capital, planned capital expenditures, acquisitions, and other general corporate purposes or ongoing needs of our business, or to repurchase our common shares; our ability to reduce our indebtedness or return capital to shareholders within the currently expected timeframes or at all; adverse changes in credit ratings, interest rates, foreign currency rates and tax laws, including adverse impacts as a result of the Inflation Reduction Act; the outcome of, and costs incurred in connection with, lawsuits, claims, arbitrations or governmental proceedings relating to commercial and business disputes, antitrust claims, environmental matters, government investigations, occupational or personal injury claims, property-related matters, labor and employment matters, or suits involving legacy operations and other matters; supply chain disruptions or changes in the cost, quality or availability of energy sources, including electricity, natural gas and diesel fuel, critical raw materials and supplies, including iron ore, industrial gases, graphite electrodes, scrap metal, chrome, zinc, coke and metallurgical coal, and critical manufacturing equipment and spare parts; problems or disruptions associated with transporting products to our customers, moving manufacturing inputs or products internally among our facilities, or suppliers transporting raw materials to us; the risk that the cost or time to implement a strategic or sustaining capital project may prove to be greater than originally anticipated; our ability to consummate any public or private acquisition transactions and to realize any or all of the anticipated benefits or estimated future synergies, as well as to successfully integrate any acquired businesses into our existing businesses; uncertainties associated with natural or human-caused disasters, adverse weather conditions, unanticipated geological conditions, critical equipment failures, infectious disease outbreaks, tailings dam failures and other unexpected events; cybersecurity incidents relating to, disruptions in, or failures of, information technology systems that are managed by us or third parties that host or have access to our data or systems, including the loss, theft or corruption of sensitive or essential business or personal information and the inability to access or control systems; liabilities and costs arising in connection with any business decisions to temporarily or indefinitely idle or permanently close an operating facility or mine, which could adversely impact the carrying value of associated assets and give rise to impairment charges or closure and reclamation obligations, as well as uncertainties associated with restarting any previously idled operating facility or mine; our level of self-insurance and our ability to obtain sufficient third-party insurance to adequately cover potential adverse events and business risks; uncertainties associated with our ability to meet customers’ and suppliers’ decarbonization goals and reduce our greenhouse gas emissions in alignment with our own announced targets; challenges to maintaining our social license to operate with our stakeholders, including the impacts of our operations on local communities, reputational impacts of operating in a carbon-intensive industry that produces greenhouse gas emissions, and our ability to foster a consistent operational and safety track record; our actual economic mineral reserves or reductions in current mineral reserve estimates, and any title defect or loss of any lease, license, easement or other possessory interest for any mining property; our ability to maintain satisfactory labor relations with unions and employees; unanticipated or higher costs associated with pension and OPEB obligations resulting from changes in the value of plan assets or contribution increases required for unfunded obligations; uncertain availability or cost of skilled workers to fill critical operational positions and potential labor shortages caused by experienced employee attrition or otherwise, as well as our ability to attract, hire, develop and retain key personnel; the amount and timing of any repurchases of our common shares; and potential significant deficiencies or material weaknesses in our internal control over financial reporting.

有关影响Cliffs业务的其他因素，请参阅第I部分第1A项。截至2022年12月31日的10-K表格年度报告中的风险因素，以及向皇冠体育官网证券交易委员会提交的其他文件。

在businesswire网站上查看源代码：https://www.businesswire.com/news/home/20240129882706/en/

媒体联系人：Patricia Persico高级主管，企业传播（216）694-5316

投资者联系人：James Kerr董事，投资者关系（216）694-7719

资料来源：Cleveland-Cliffs Inc。

2024年1月29日上映