Cleveland Bafees predicts the loss of the fourth quarter revenues and the loss of profits before the benefits and strike

Cleveland-Clevo (NYSE:CLFThe two shares are traded after The company reported initial results.

For the fourth quarter of the year 2024, Cleveland Clavs expect steel shipments of 3.8 million tons, with revenues of about $ 4.30 billion (For a consensus of $ 4.49 billion).

Also, the company expects the modified loss before interest, taxes, depreciation and pantholization of the bint on it, about 85 million dollars per quarter.

For 2024, steel shipments are expected to reach 15.6 million pure tons, as revenues achieved about $ 19.2 billion (compared to a street 19.37 billion dollars) and modified Ebitda by about 775 million dollars.

Including stelcoForma’s modified EBITDA is expected to be about $ 2024 about $ 1.2 billion.

Cleveland Collifs attributed its weakest results, especially in the fourth quarter, to the demand for the car sector in North America.

Lourenco Goncalves“So far in this new year, we have already seen improvements in our request book, both cars and non-indoctrination will have a great benefit on Cleveland-Fevas,” said CLFS president, president and CEO.

This includes recently announced definitions on Mexico, Canada and China and expected that there will be more steel. Stelco has been a major contributor since the first day, and a large part of our axisation is already expected. Based on their expertise in 2018, we expect Stelco to benefit from solid definitions as well. We look forward to success in 2025 that all of these developments will eventually bring. “

“We salute President Trump to take decisive measures on the definitions. Cleveland-Kvelvz is a firm believer with a long-term positive impact that definitions can play to make America a highly manufactured power again.”

Regardless of this, Cleveland Collifs revealed its intention to provide 750 million dollars in the guaranteed higher notes due for the year 2031, taking into account the market. Conditions and other factors.

The company plans to use net returns for public companies, which include payment of loans under asset credit facilities.

The company plans to issue the fourth and 2024 quarterly profits Results on February 24, 2025.

Investors can expose the stock via SPDR S & P Metals & Mining Etf (NYSE:Xme) And VANECK Steel Etf (NYSE:SLX).

PriceCLF shares decreased by 2.64 % to $ 9.97 in the last two check.

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