NYSE$SXC

SunCoke Energy Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Reported strong performance in both the Domestic Coke and Logistics segments.

SunCoke Energy, Inc. reported strong first quarter 2021 results, with net income attributable to SXC of $16.5 million, or $0.20 per share. Adjusted EBITDA for the quarter was $70.6 million, up 14 percent versus the prior year period, representing record first quarter performance. The company is well positioned to achieve the top end of its full year 2021 Adjusted EBITDA guidance range of $215M to $230M.

  • First quarter 2021 net income attributable to SXC was $16.5 million, or $0.20 per share
  • Adjusted EBITDA for the quarter was $70.6 million, up 14 percent, versus the prior year period and represents record first quarter performance
  • Operating cash flow was $64.8 million in the current period
  • Well positioned to achieve top end of full year 2021 Adjusted EBITDA guidance range of $215M to $230M

Headline financials

Total Revenue

$360M

Previous: $383M-6.0%
EPS (adj)

$0.20

Previous: $0.05+300.0%
Adjusted EBITDA

$70.6M

No prior period
Capital Expenditures

-$20.1M

Previous: -$22.8M+11.8%
Free Cash Flow

-$3.6M

Previous: -$17.9M+79.9%
Net Income

$16.5M

Previous: $4.9M+236.7%
Operating Income

$38.2M

Previous: $28M+36.4%
Gross Profit

$85.9M

Previous: $78.3M+9.7%
Cash & Equivalents

$54M

Previous: $236M-77.1%
Total Assets

$1.61B

Previous: $1.88B-14.4%
Stock-Based Comp

$500K

Previous: $1.1M-54.5%

Revenue & EPS history

SunCoke · Revenue · Quarterly

$360M

Q1 2021-6%vs Q1 2020
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

SunCoke · $335M total across 1 segment · Q1 2021

  • Domestic Coke
    $335M-8.2%

Forward guidance

Our 2021 guidance is based on our Domestic Coke plants running at full capacity supported by export sales and foundry coke sales. It also assumes higher volumes at Logistics facilities as compared to 2020 results.

Tailwinds

  • Domestic Coke plants running at full capacity
  • Supported by export sales
  • Supported by foundry coke sales
  • Assumes higher volumes at Logistics facilities as compared to 2020 results

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+0.9%

Avg return

Earnings day

-0.3%

Avg return

5 days after

+2.8%

Avg return

30 days after

54%

34 / 63 earnings

Positive

+64.3%

Q4 2015

Best reaction

-35.2%

Q3 2015

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.9%+6.1%+34.5%
Q4 2025-14.2%-22.2%-22.0%
Q3 2025-17.2%-17.8%-18.0%
Q1 2025-7.6%-8.3%-16.9%
Q4 2024-3.2%-2.8%-8.9%
Q3 2024+13.9%+27.7%+44.5%
Q2 2024-4.6%-15.3%-17.6%
Q1 2024-1.7%-0.3%+2.3%
Q4 2023+11.1%+7.8%+5.4%
Q3 2023-4.5%-4.1%-0.5%
Q2 2023+10.6%+3.7%+4.7%
Q1 2023+3.1%+5.6%-2.0%
Q4 2022-0.5%+4.9%+13.2%
Q3 2022+10.5%+22.4%+23.9%
Q2 2022-6.4%-6.8%-12.4%
Q1 2022+0.6%-3.0%-2.3%
Q4 2021+3.8%+10.9%+35.5%
Q3 2021-4.7%-4.4%-16.6%
Q2 2021+13.3%+11.4%+3.8%
Q1 2021+2.9%+12.6%+13.2%
Q4 2020+3.8%+4.3%+19.5%
Q3 2020+4.4%+4.7%+50.9%
Q2 2020+1.6%-1.3%+7.5%
Q1 2020+9.4%-8.7%+38.8%
Q4 2019-0.9%+11.9%-16.9%
Q3 2019+7.0%+5.1%-5.3%
Q2 2019-15.7%-23.7%-30.0%
Q1 2019-0.9%-0.5%-11.4%
Q4 2018-6.6%-9.1%-17.7%
Q3 2018+13.2%+12.5%+1.4%
Q2 2018-9.3%-13.0%-13.9%
Q1 2018+7.5%+5.8%+22.0%
Q4 2017-13.0%-19.5%-8.2%
Q3 2017+5.6%+4.5%+7.4%
Q2 2017-14.5%-19.7%-14.7%
Q1 2017+18.8%+17.3%+3.9%
Q4 2016-8.2%-17.1%-10.2%
Q3 2016+10.4%+17.4%+39.0%
Q2 2016-4.7%-11.1%-18.4%
Q1 2016+0.9%
Q4 2015+64.3%
Q3 2015-35.2%
Q2 2015+7.0%
Q1 2015+10.0%
Q4 2014-8.9%
Q3 2014+6.2%
Q2 2014+7.0%
Q1 2014-1.2%
Q4 2013+4.7%
Q3 2013+2.4%
Q2 2013+4.7%
Q1 2013-5.2%
Q4 2012+1.1%
Q3 2012-1.8%
Q2 2012+8.7%
Q1 2011-2.9%
Q1 2012+2.0%
Q4 2011+0.7%
Q3 2011+1.8%
Q3 2010+1.8%
Q4 2010-8.3%
Q4 2009-8.3%
Q2 2011-8.3%
Q2 2010
Q1 2010

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