CLEVELAND, OH— Cleveland Cliffs, Incorporated recorded an all-time record for full-year revenues last year.
This week, CCI said 2022 consolidated revenues were $23 billion, compared to the prior year's consolidated revenues of $20.4 billion.
Net income for 2022 was $1.4 billion. That compares to 2021 net income of $3 billion.
Fourth-quarter consolidated revenues last year were $5 billion, compared to prior-year fourth-quarter consolidated revenues of $5.3 billion.
For the fourth quarter of 2022, Cliffs recorded a net loss of $204 million, while CCI recorded net income of $899 million in the fourth quarter of 2021.
