Cleveland-Cliffs Inc. (CLF) CEO Lourenco Goncalves on Q2 2020 Results - Earnings Call Transcript

Jul. 30, 2020 9:25 PM ETCleveland-Cliffs Inc. (CLF) StockCLF8 Comments
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Q2: 2020-07-30 Earnings Summary

EPS of -$0.46 beats by $0.05
 | Revenue of $1.09B (47.03% Y/Y) beats by $24.43M

Cleveland-Cliffs Inc. (NYSE:CLF) Q2 2020 Earnings Conference Call July 30, 2020 10:00 AM ET

Company Participants

Lourenco Goncalves - Chairman, President & Chief Executive Officer
Keith Koci - Chief Financial Officer

Conference Call Participants

Lucas Pipes - B. Riley FBR
Scott Schier - Clarksons
Matthew Fields - Bank of America
Alex Hacking - Citi
Matt Vittorioso - Jefferies
Phil Gibbs - KeyBanc Capital

Operator

Good morning, ladies and gentlemen. My name is Lashana, and I am your conference facilitator today. I would like to welcome everyone to Cleveland-Cliffs Second Quarter 2020 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session.

The company reminds you that certain comments made on today's call will include predictive statements that are intended to be made as forward-looking within the safe harbor protections of the Private Securities Litigation Reform Act of 1995. Although, the company believes that its forward-looking statements are based on reasonable assumptions, such statements are subject to risks and uncertainties that could cause actual results to differ materially.

Important factors that could -- important factors that could cause results to differ materially are set forth in reports on forms 10-K and 10-Q and news releases filed with its SEC, which are available on the company's website. Today's conference call is also available and being broadcast@clevelandcliffs.com.

After conclusion of the call, it will be archived on the website and available for replay. The company will also discuss results excluding certain special items. Reconciliation for Regulation G purposes can be found in the earnings release, which was published this morning.

At this time, I would like to introduce Lourenco Goncalves, Chairman, President and Chief Executive Officer.

Lourenco Goncalves

Thanks, Lashana and good morning to everyone. Over the past few months, our

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