Warrior Met Coal Raises 2023 Sales & Production Outlook As Strike Ends
Portfolio Pulse from Lekha Gupta
Warrior Met Coal (NYSE:HCC) has raised its FY23 guidance following the end of a labor strike, with an expected increase in sales volumes by 8%. The company now anticipates coal sales of 7.1-7.7 million short tons and coal production of 6.8-7.4 million short tons.
June 13, 2023 | 4:27 pm
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Warrior Met Coal (HCC) raises FY23 guidance after labor strike ends, expecting an 8% increase in sales volumes and higher profitability.
The end of the labor strike allows HCC to increase production and sales volumes, leading to higher profitability and cash flows. This positive news is likely to have a short-term positive impact on HCC's stock price.
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