M&A
confidence medium
sentiment neutral
materiality 0.80
SunCoke files Phoenix Global financials; acquired unit posted $42M net loss in 2024
SunCoke Energy, Inc.
- Flame Aggregator (Phoenix Global) reported 2024 net loss of $41.997M on net sales of $276.95M.
- Total assets $265.6M, total liabilities $180.5M as of Dec 31, 2024; members' equity $85.1M.
- Company emerged from Chapter 11 in June 2023; fresh-start accounting applied, making 2024 results not comparable to prior periods.
- Phoenix provided mill services (slag handling, metal recovery) to steel industry across U.S. and international markets.
- Acquisition announced Aug 4, 2025; this 8-K/A adds audited financials and pro forma information.