Warrior Met Coal (HCC) Tops Q1 EPS by 34c; $40M Buyback

Warrior Met Coal (NYSE: HCC) reported Q1 EPS of $3.36, $0.34 better than the analyst estimate of $3.02. Revenue for the quarter came in at $421.8 million versus the consensus estimate of $382.23 million.

• Sales volume increases 88% compared to prior year period to 2.1 million short tons
• Production volume increases 30% compared to prior year period to 2.1 million short tons
• Company records net income of $178.7 million and Adjusted EBITDA of $216.4 million

The Company also announced today that its board of directors has approved a stock repurchase program that authorizes repurchases of up to an aggregate of $40.0 million of its outstanding common stock. The stock repurchase program does not require the Company to repurchase a specific number of shares or have an expiration date. The Company is not obligated to purchase any specific number of shares under its stock repurchase program, and the stock repurchase program may be suspended or discontinued by the Board at any time without prior notice

Company Outlook

For earnings history and earnings-related data on Warrior Met Coal (HCC) click here.

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