皇冠体育克利夫报告2024年第三季度业绩

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2024年9月30日的第三季度业绩。

2024年第三季度亮点

• 收入46亿美元
• 钢材净出货量380万吨
• GAAP净亏损2.3亿美元，调整后净亏损1.56亿美元
• 调整后EBITDA2为1.24亿美元
• 不包括Stelco第三季度调整后的EBITDA3 6400万美元和调整后的EBITDA3利润率13%
• 截至2024年9月30日，流动性为38亿美元

2024年第三季度收入为46亿美元，而2024年第二季度为51亿美元。在2024年第三季度，该公司对Cliffs股东的摊薄每股GAAP净亏损为0.52美元，调整后的摊薄每股净亏损为0.33美元。GAAP业绩中包括总计1.45亿美元的离散费用和损失，主要与仲裁决定和收购相关费用有关。

Cliffs董事长、总裁兼首席执行官Lourenco Goncalves表示：“第三季度，需求和价格疲软导致利润率下降，最终导致我们暂时闲置Cleveland 6号高炉。我们实现了自2021年以来的最低单位成本，超过了我们已经非常积极的成本削减目标，但这不足以抵消我们四大汽车客户中的两家继续表现低于自己预期的负面影响。由于我们在汽车行业的高度曝光，皇冠体育斯比我们的竞争对手受到的影响更大。”

贡萨尔维斯接着说：“我们很高兴上周完成了对Stelco的收购。Stelco的业务组合与我们大不相同，几乎没有涉足汽车行业。Stelco低成本、高效的资产将使我们在汽车客户表现不佳的情况下更具弹性。Stelco第三季度调整后的息税折旧摊销前利润（EBITDA）达到行业最佳水平，直接证明了cliff将从中受益的成本优势和强大的商业模式。与我们之前收购的那些需要大量资本投资的表现不佳的公司不同，Stelco的资产资本化良好，从第一天起就是我们的主要贡献者。”

Goncalves先生总结道：“对于2025年，我们设定的资本预算要低得多，即使包括了预计将在完成后将年度EBITDA提高6亿多美元的战略项目。此外，与2024年相比，较低的煤炭成本明年将带来7000万美元的收益。我们预计，在一系列经济和政治因素的支撑下，钢铁需求将在2025年初反弹。凭借Stelco的资产和我们的成本削减，我们有能力利用这一增长，并将能够以健康的自由现金流迅速减少收购债务。”

炼钢部门业绩

2024年第三季度钢铁产品销售量为380万吨，其中热轧占36%，涂层占28%，冷轧占17%，钢板占4%，不锈钢和电气占4%，其他占11%，包括板和钢轨。

44亿美元的炼钢收入中，有13亿美元是直接销售给汽车市场的，占30%；分销商和转换器市场销售额的30%，即13亿美元；基础设施和制造业市场销售额为12亿美元，占26%；对钢铁生产商的销售额为6.08亿美元，占销售额的14%。

Stelco第三季度亮点

Cliffs对Stelco的收购于2024年11月1日完成。Stelco 2024年第三季度业绩的主要亮点包括：

• 钢材净出货量63.9万吨，其中热轧66%
• 收入4.8亿美元
• 钢材平均售价为每净吨725美元
• 调整后EBITDA为6400万美元
• 资本支出3200万美元

资本支出展望

Cliffs将其2024年全年预期资本支出范围从之前的6.5亿美元至7亿美元下调了5000万美元至6亿至6.5亿美元。

此外，Cliffs预计2025年全年独立（不包括Stelco）资本支出约为6亿美元，包括Middletown、Butler和Weirton的战略增长项目。

Stelco的持续资本支出预计每年约为1亿美元。

皇冠体育-皇冠体育斯公司将于皇冠体育官网东部时间2024年11月5日上午8点30分召开电话会议。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-皇冠体育斯是北美领先的钢铁生产商，专注于增值钢板产品，特别是汽车行业。公司从铁矿石开采、球团生产、直接还原铁生产、铁屑加工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-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30,000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; 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, other alloys, 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 other post-employment benefit 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; potential significant deficiencies or material weaknesses in our internal control over financial reporting; the risk that the Stelco acquisition may be less accretive than expected, or may be dilutive, to Cliffs’ earnings per share, which may negatively affect the market price of Cliffs’ common shares; the risk that adverse reactions or changes to business or regulatory relationships may result from the Stelco acquisition; the risk that the financing transactions undertaken in connection with the Stelco acquisition may have a negative impact on the combined company’s credit profile, financial condition or financial flexibility; the possibility that the anticipated benefits of the Stelco acquisition are not realized to the same extent as projected and that the integration of the acquired business into our existing business, including uncertainties associated with maintaining relationships with customers, vendors and employees, is not as successful as expected; the risk that future synergies from the Stelco acquisition may not be realized or may take longer than expected to achieve; the possibility that the business and management strategies currently in place or implemented in the future for the maintenance, expansion and growth of the combined company’s operations may not be as successful as anticipated; the risk associated with the retention and hiring of key personnel, including those of Stelco; the risk that the Stelco acquisition could have adverse effects on the market price of Cliffs' common shares; and the risk of any unforeseen liabilities and future capital expenditures related to the Stelco acquisition.

关于影响Cliffs业务的其他因素，请参见第一部分第1A项。截至2023年12月31日的年度10-K表风险因素报告，截至2024年6月30日的季度10-Q表季度报告，以及向皇冠体育官网证券交易委员会提交的其他文件。

财务表如下

皇冠体育-皇冠体育斯公司和子公司

调整后净收入和调整后每股收益对账

除了按照皇冠体育官网公认会计准则提交的合并财务报表外，公司还提交了归属于Cliffs股东的调整后净收入（亏损）和归属于Cliffs股东的调整后每股普通股收益（亏损）-摊薄。管理层、投资者、贷款人和财务报表的其他外部用户使用这些指标来评估我们的经营业绩，并将经营业绩与钢铁行业的其他公司进行比较，显示不包括某些非经常性和/或非现金项目的结果。这些指标的表述不应被视为与按照皇冠体育官网公认会计准则编制和表述的财务信息分离、替代或优于。这些指标的表述可能与其他公司使用的非公认会计准则财务指标不同。下表提供了这些合并措施与其最直接可比的GAAP措施的对账。

皇冠体育-皇冠体育斯公司和子公司

非公认会计准则调节- ebitda和调整后的ebitda

除了按照皇冠体育官网公认会计准则提交的合并财务报表外，公司还在合并的基础上提交了EBITDA和调整后EBITDA。管理层、投资者、贷款人和财务报表的其他外部用户使用这些指标来评估我们的经营业绩，并将经营业绩与钢铁行业的其他公司进行比较，显示不包括某些非经常性和/或非现金项目的结果。这些指标的表述不应被视为与按照皇冠体育官网公认会计准则编制和表述的财务信息分离、替代或优于。这些指标的表述可能与其他公司使用的非公认会计准则财务指标不同。下表提供了这些合并措施与其最直接可比的GAAP措施的对账。

3 . stelco财务业绩

Stelco财务信息代表Stelco管理层根据国际会计准则委员会发布的国际财务报告准则（“IFRS”）编制的历史合并财务信息，该准则在某些方面与皇冠体育官网公认会计准则不同。本财务信息不包括对国际财务报告准则和皇冠体育官网公认会计准则之间差异的任何调整，也不反映ASC主题805“企业合并”所要求的任何购买会计或形式调整。由于收购完成后的时间有限，在提交cliff未经审计的浓缩合并财务报表时，IFRS与皇冠体育官网公认会计准则、估值工作和相关收购会计的调整尚不完整。因此，公司无法提供这些调整。本Stelco财务信息应与Stelco Holdings Inc.截至2023年12月31日的经审计的历史合并财务报表及其附注以及可通过SEDAR+网站访问的Stelco未经审计的历史中期简明合并财务报表及其附注一起阅读。

在businesswire网站上查看源代码：https://www.businesswire.com/news/home/20241104825023/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。

该片于2024年11月4日上映