SunCoke Energy Expects FY23 Net Income $49M-$68M (Prior $59M-$76M), Capex $95M, Operating Cash Flow $200M-$215M, Adj EBITDA on High End of $250M-$265M, Domestic Coke Total Production Of ~4M Tons
Portfolio Pulse from Benzinga Newsdesk
SunCoke Energy (SXC) has revised its FY23 outlook. The company now expects net income to be between $49M and $68M, down from the previous estimate of $59M-$76M. Capital expenditures are projected to be around $95M, with operating cash flow between $200M-$215M. Adjusted EBITDA is expected to be on the high end of $250M-$265M, and domestic coke total production is anticipated to be approximately 4M tons.
November 01, 2023 | 11:40 am
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SunCoke Energy has lowered its FY23 net income forecast, which could potentially impact investor sentiment and the company's stock price.
SunCoke Energy's downward revision of its FY23 net income forecast could be perceived negatively by investors, potentially leading to a decrease in the company's stock price in the short term.
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