SunCoke Energy Reaffirms Its FY23 Guidance, Expects Net Income Of $59M-$76M; Adjusted EBITDA Of $250M-$265M; Sees Domestic Coke Total Production Of ~4M Tons
Portfolio Pulse from Benzinga Newsdesk
SunCoke Energy has reaffirmed its FY23 guidance, expecting a net income of $59M-$76M, adjusted EBITDA of $250M-$265M, and domestic coke total production of approximately 4M tons. The company also projects capital expenditures of about $95M, operating cash flow between $200M-$215M, and cash taxes between $12M-$16M.
August 01, 2023 | 12:05 pm
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SunCoke Energy's reaffirmation of its FY23 guidance could potentially instill confidence in investors, possibly leading to a positive impact on its stock price in the short term.
Reaffirming guidance is generally seen as a positive sign as it indicates that the company is confident in its ability to meet its previously set targets. This could potentially lead to increased investor confidence and a positive impact on the stock price.
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