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Mar 31, 2020
SunCoke Q1 2020 Earnings Report
Reported first quarter 2020 results and provided COVID-19 update.
Key Takeaways
SunCoke Energy reported a net income attributable to SXC of $4.9 million, or $0.06 per share, for the first quarter of 2020, compared to $9.8 million, or $0.15 per share, in the prior year period. The company's Adjusted EBITDA for the quarter was $62.1 million. Due to the challenging economic environment and lower demand for coke, SunCoke has withdrawn its 2020 guidance.
SunCoke deemed essential business in every state where it operates and all facilities remain open.
Implemented proactive measures to protect the health and safety of our employees and contractors.
First quarter 2020 net income attributable to SXC was $4.9 million, or $0.06 per share, compared to $9.8 million, or $0.15 per share, in the prior year period
Minimal COVID-19 impact on first quarter 2020 results; Adjusted EBITDA for the quarter was $62.1 million.
Revenue by Segment
Forward Guidance
SunCoke withdrew its 2020 guidance as they explore contract restructuring alternatives with their customers to address short-term market challenges.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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