Walter Energy (WLT) Updates Q2 Outlook; Reaffirms FY Production
Tweet Send to a FriendGet Alerts WLT Hot Sheet
Price: $19.37 +2.16%
EPS Growth %: -198.5%
Financial Fact:
Sales: 489.61M
Today's EPS Names:
NED, OESX, WSTL, More
EPS Growth %: -198.5%
Financial Fact:
Sales: 489.61M
Today's EPS Names:
NED, OESX, WSTL, More
Trade WLT Now!
Walter Energy Inc. (NYSE: WLT) provided an outlook on second quarter performance and reaffirmed full-year met coal production guidance.
Second quarter 2012 met coal sales volume is also expected to be approximately 2.8 MMTs, up from 2.4 MMTs in first quarter 2012. Reflecting current trends in global coal markets, Walter Energy's met coal prices for the second quarter 2012 will likely average about $200 per MT for HCC and $160 per MT for low-vol PCI, inclusive of the impact of previously priced carryover tons from past quarters. This will represent a decline of approximately 12% for HCC and an approximate 15% decline for low-vol PCI coal from the first quarter 2012. Costs per ton sold are expected to approximate those for the first quarter 2012. The adverse effect of reduced pricing is expected to be partially offset by certain favorable non-operating gains.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Second quarter 2012 met coal sales volume is also expected to be approximately 2.8 MMTs, up from 2.4 MMTs in first quarter 2012. Reflecting current trends in global coal markets, Walter Energy's met coal prices for the second quarter 2012 will likely average about $200 per MT for HCC and $160 per MT for low-vol PCI, inclusive of the impact of previously priced carryover tons from past quarters. This will represent a decline of approximately 12% for HCC and an approximate 15% decline for low-vol PCI coal from the first quarter 2012. Costs per ton sold are expected to approximate those for the first quarter 2012. The adverse effect of reduced pricing is expected to be partially offset by certain favorable non-operating gains.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- NetApp (NTAP) Tops Q4 EPS by 1c; Boosts Buyback, Plans Job Cuts, Initiates Dividend
- Dycom Industries, Inc. (DY) Tops Q3 EPS by 4c, Guidance Tops Views
- Pacific Sunwear Of California (PSUN) Tops Q1 EPS by 5c, Offers Guidance
Create E-mail Alert Related Categories
Guidance
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
