earnings
confidence high
sentiment negative
materiality 0.60
SunCoke Q1 net income down 45% to $16.3M; reaffirms FY2023 EBITDA guidance $250-265M
SunCoke Energy, Inc.
2023-Q1 EPS reported
$0.19
revenue$487,800,000
- Net income attributable to SXC $16.3M ($0.19 diluted EPS) vs $29.5M ($0.35) YoY, revenue $487.8M up 11%.
- Consolidated Adjusted EBITDA $67.1M, down $16.7M YoY, driven by lower export coke margin.
- Domestic Coke Adj EBITDA per ton $63.58 (vs $79.00 prior year) on 950K tons sold.
- Extended Indiana Harbor coke supply agreement with Cleveland-Cliffs through September 2035.
- FY2023 guidance reaffirmed: Adj EBITDA $250-265M, capex ~$95M, operating cash flow $200-215M.