Cleveland, OH

Cleveland Cliffs announces new $1.5B share repurchase program

Published

2 years ago

April 23, 2024

Cleveland Cliffs announces new .5B share repurchase program

CLEVELAND, OH. (WLUC) – Cleveland Cliffs will be repurchasing $1.5 billion of its common shares.

During its 2024 first-quarter results report on Tuesday, the company announced the new repurchase program. In the last quarter, Cliffs reported repurchasing 30.4 million common shares as part of its 2022 $1 billion share repurchase program.

Cliffs says share buybacks are now the number one capital allocation priority for the company.

“In the last couple of years, we have reduced our diluted share count by over 100 million shares, or 17%, realizing an average purchase price of $18.79 per share on open market purchases – significantly below what we are trading today,” said Celso L. Goncalves, Cleveland Cliffs executive vice president and CFO.

The company also reported revenues of $5.2 billion this quarter, compared to $5.1 billion in the fourth quarter of 2023.

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Related Topics:Cleveland cliffs Earnings Featured Report result share

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Cleveland, OH

Man pronounced dead on scene after shooting in Cleveland: EMS

Published

2 hours ago

February 24, 2026

Press Room

Man pronounced dead on scene after shooting in Cleveland: EMS

CLEVELAND, Ohio (WOIO) – A man was shot and pronounced dead on scene Sunday afternoon.

According to Cleveland EMS, crews responded to the area of Connecticut Avenue.

The victim was identified as 20-year-old Danion Robinson, according to the Cuyahoga County Coroner’s Office.

19 News has reached out to police for more information.

This is a developing story. Return to 19 News for updates.

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Cleveland, OH

Dru Joyce Classic | April 10, 2026 | Greater Cleveland Sports Commission

Published

14 hours ago

February 23, 2026

Press Room

Dru Joyce Classic | April 10, 2026 | Greater Cleveland Sports Commission

Dru Joyce Classic returns to Cleveland!
Cleveland is set to host one of the nation’s premier youth basketball events. From April 10-12, 2026, the Dru Joyce Classic will take over the I-X Center, bringing elite competition and a significant economic boost to Northeast Ohio.
This three-day tournament is a cornerstone of the…

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Cleveland, OH

Men’s Tennis Falls to Cleveland State – Niagara University Athletics

Published

1 day ago

February 23, 2026

Press Room

Men’s Tennis Falls to Cleveland State – Niagara University Athletics

CLEVELAND, OH — Damian Janiszewski provided the lone bright spot for Niagara, but the Purple Eagles could not generate any additional momentum as Cleveland State swept the doubles point and cruised to a 6-1 men’s tennis victory Sunday.

Cleveland State won all three doubles matches to claim the doubles point before carrying that momentum into singles play. Janiszewski kept Niagara’s hopes alive at the No. 1 position, defeating Nico Jamison 4-6, 6-2, 1-0 to give the Purple Eagles their only point of the match.

The Vikings dominated the rest of the singles slate, with four players winning in straight sets. Carl Gedlitschka handled Aryav Bhawan 6-0, 6-1 at No. 2, while Maxime Aremon topped Logan Wong 6-4, 6-0 at No. 3. Cole Chappell defeated Sarosh Rustomjee 6-0, 6-2 at No. 4, and Devin Boyer bested Shriven Somasi 6-4, 6-0 at No. 5. Andrew Zimcosky closed out the singles competition with a 6-1, 6-1 win over Ekansh Shukla at No. 6.

In doubles, the Aremon-Tristan Stine tandem downed Bhawan and Janiszewski 6-3 at No. 1, the pairing of Chappell and Jamison beat Wong and Rustomjee 6-2 at No. 2, and Gedlitschka and Zimcosky defeated Shukla and Somasi 6-1 at No. 3.

Up Next

Niagara heads back to Ohio, this time to take on Youngstown State on Friday February 27 at 4:00 pm.

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