RAMACO RESOURCES REPORTS FIRST QUARTER 2024 RESULTS [Yahoo! Finance]
Ramaco Resources, Inc. - Class B (METCB)
Company Research
Source: Yahoo! Finance
of high-quality, low-cost metallurgical coal, today reported financial results for the three months ended March 31, 2024 FIRST QUARTER 2024 HIGHLIGHTS For the three months ended March 31, 2024 , the Company had adjusted earnings before interest, taxes, depreciation, amortization, certain non-operating expenses, and equity-based compensation ("Adjusted EBITDA", a non-GAAP measure), of $24.2 million , compared to $58.5 million in the fourth quarter of 2023. (See "Reconciliations of Non-GAAP Measure" below.) For the three months ended March 31, 2024 , the Company had net income of $2.0 million , compared to $30.0 million in the fourth quarter of 2023. Class A EPS was for the three months ended March 31, 2024 , compared to for the three months ended December 31, 2023 First quarter of 2024 results were negatively impacted by a combination of lower index pricing, especially in March, and higher mine costs. The Company shipped over half of its export tons in March, when indices were
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News
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