2024 Q4 Form 10-Q Financial Statement

#000151470524000021 Filed on October 31, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3 2023 Q3
Revenue $490.1M $520.4M
YoY Change -5.82% 0.7%
Cost Of Revenue $405.2M $436.1M
YoY Change -7.09% 5.49%
Gross Profit $84.90M $84.30M
YoY Change 0.71% -18.47%
Gross Profit Margin 17.32% 16.2%
Selling, General & Admin $9.600M $19.10M
YoY Change -49.74% -4.98%
% of Gross Profit 11.31% 22.66%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $28.10M $35.50M
YoY Change -20.85% -0.56%
% of Gross Profit 33.1% 42.11%
Operating Expenses $9.600M $19.10M
YoY Change -49.74% -4.98%
Operating Profit $47.20M $29.70M
YoY Change 58.92% -37.61%
Interest Expense -$5.700M $6.600M
YoY Change -186.36% -17.5%
% of Operating Profit -12.08% 22.22%
Other Income/Expense, Net -$1.000M $9.200M
YoY Change -110.87%
Pretax Income $41.50M $23.10M
YoY Change 79.65% -41.67%
Income Tax $8.200M $14.60M
% Of Pretax Income 19.76% 63.2%
Net Earnings $30.70M $7.000M
YoY Change 338.57% -83.09%
Net Earnings / Revenue 6.26% 1.35%
Basic Earnings Per Share $0.36 $0.08
Diluted Earnings Per Share $0.36 $0.08
COMMON SHARES
Basic Shares Outstanding 84.09M shares 84.09M shares 83.76M shares
Diluted Shares Outstanding 85.30M shares 85.10M shares

Balance Sheet

Concept 2024 Q4 2024 Q3 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $164.7M $125.9M
YoY Change 30.82% 112.31%
Cash & Equivalents $164.7M $125.9M
Short-Term Investments
Other Short-Term Assets $9.600M $7.100M
YoY Change 35.21% 10.94%
Inventory $195.9M $206.8M
Prepaid Expenses
Receivables $80.20M $81.50M
Other Receivables $5.600M $0.00
Total Short-Term Assets $456.0M $421.3M
YoY Change 8.24% 8.22%
LONG-TERM ASSETS
Property, Plant & Equipment $1.147B $1.205B
YoY Change -4.81% -2.7%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $21.80M $20.90M
YoY Change 4.31% 16.76%
Total Long-Term Assets $1.199B $1.258B
YoY Change -4.7% -2.53%
TOTAL ASSETS
Total Short-Term Assets $456.0M $421.3M
Total Long-Term Assets $1.199B $1.258B
Total Assets $1.655B $1.679B
YoY Change -1.45% -0.04%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $152.0M $182.3M
YoY Change -16.62% 19.15%
Accrued Expenses $47.10M $54.90M
YoY Change -14.21% -0.18%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $6.300M
YoY Change 90.91%
Total Short-Term Liabilities $205.2M $250.9M
YoY Change -18.21% 14.1%
LONG-TERM LIABILITIES
Long-Term Debt $491.8M $489.8M
YoY Change 0.41% -12.72%
Other Long-Term Liabilities $25.80M $25.40M
YoY Change 1.57% 9.96%
Total Long-Term Liabilities $517.6M $515.2M
YoY Change 0.47% -11.83%
TOTAL LIABILITIES
Total Short-Term Liabilities $205.2M $250.9M
Total Long-Term Liabilities $517.6M $515.2M
Total Liabilities $963.8M $1.037B
YoY Change -7.09% -2.88%
SHAREHOLDERS EQUITY
Retained Earnings $124.8M $75.00M
YoY Change 66.4% 54.64%
Common Stock $1.000M $1.000M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $658.6M $608.3M
YoY Change
Total Liabilities & Shareholders Equity $1.655B $1.679B
YoY Change -1.45% -0.04%

Cashflow Statement

Concept 2024 Q4 2024 Q3 2023 Q3
OPERATING ACTIVITIES
Net Income $30.70M $7.000M
YoY Change 338.57% -83.09%
Depreciation, Depletion And Amortization $28.10M $35.50M
YoY Change -20.85% -0.56%
Cash From Operating Activities $107.2M $93.70M
YoY Change 14.41% 72.24%
INVESTING ACTIVITIES
Capital Expenditures $15.10M $34.10M
YoY Change -55.72% 57.14%
Acquisitions
YoY Change
Other Investing Activities $900.0K -$1.300M
YoY Change -169.23% -136.11%
Cash From Investing Activities -$14.20M -$35.40M
YoY Change -59.89% 95.58%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -10.20M -10.60M
YoY Change -3.77% -73.76%
NET CHANGE
Cash From Operating Activities 107.2M 93.70M
Cash From Investing Activities -14.20M -35.40M
Cash From Financing Activities -10.20M -10.60M
Net Change In Cash 82.80M 47.70M
YoY Change 73.58% -1263.41%
FREE CASH FLOW
Cash From Operating Activities $107.2M $93.70M
Capital Expenditures $15.10M $34.10M
Free Cash Flow $92.10M $59.60M
YoY Change 54.53% 82.26%

Facts In Submission

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CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
490100000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
520400000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1449400000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1542600000 usd
CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
490100000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
520400000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1449400000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1542600000 usd
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
490100000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
520400000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1449400000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1542600000 usd
CY2024Q3 sxc Adjusted Ebitda
AdjustedEBITDA
74300000 usd
CY2023Q3 sxc Adjusted Ebitda
AdjustedEBITDA
74600000 usd
sxc Adjusted Ebitda
AdjustedEBITDA
223700000 usd
sxc Adjusted Ebitda
AdjustedEBITDA
233100000 usd
CY2024Q3 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
28100000 usd
CY2023Q3 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
35500000 usd
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
90100000 usd
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
107200000 usd
CY2024Q3 us-gaap Segment Expenditure Addition To Long Lived Assets
SegmentExpenditureAdditionToLongLivedAssets
15100000 usd
CY2023Q3 us-gaap Segment Expenditure Addition To Long Lived Assets
SegmentExpenditureAdditionToLongLivedAssets
34100000 usd
us-gaap Segment Expenditure Addition To Long Lived Assets
SegmentExpenditureAdditionToLongLivedAssets
48100000 usd
us-gaap Segment Expenditure Addition To Long Lived Assets
SegmentExpenditureAdditionToLongLivedAssets
84500000 usd
CY2024Q3 sxc Assets Excluding Tax Assets
AssetsExcludingTaxAssets
1649200000 usd
CY2023Q4 sxc Assets Excluding Tax Assets
AssetsExcludingTaxAssets
1659000000 usd
CY2024Q3 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
5600000 usd
CY2023Q4 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
1400000 usd
CY2024Q3 us-gaap Assets
Assets
1654800000 usd
CY2023Q4 us-gaap Assets
Assets
1660400000 usd
CY2024Q3 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
451200000 usd
CY2023Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
450200000 usd
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
500000000.0 usd
CY2024Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
500000000.0 usd
CY2024Q3 sxc Number Of Performance Obligations In Handling And Mixing Services
NumberOfPerformanceObligationsInHandlingAndMixingServices
2 performance_obligation
CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
490100000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
520400000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1449400000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1542600000 usd
CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
490100000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
520400000 usd
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
490100000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
520400000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1449400000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1542600000 usd
CY2024Q3 sxc Adjusted Ebitda
AdjustedEBITDA
74300000 usd
CY2023Q3 sxc Adjusted Ebitda
AdjustedEBITDA
74600000 usd
sxc Adjusted Ebitda
AdjustedEBITDA
223700000 usd
sxc Adjusted Ebitda
AdjustedEBITDA
233100000 usd
CY2023Q3 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
35500000 usd
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
90100000 usd
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
107200000 usd
CY2024Q3 us-gaap Segment Expenditure Addition To Long Lived Assets
SegmentExpenditureAdditionToLongLivedAssets
15100000 usd
CY2023Q3 us-gaap Segment Expenditure Addition To Long Lived Assets
SegmentExpenditureAdditionToLongLivedAssets
34100000 usd
us-gaap Segment Expenditure Addition To Long Lived Assets
SegmentExpenditureAdditionToLongLivedAssets
48100000 usd
us-gaap Segment Expenditure Addition To Long Lived Assets
SegmentExpenditureAdditionToLongLivedAssets
84500000 usd
CY2024Q3 sxc Assets Excluding Tax Assets
AssetsExcludingTaxAssets
1649200000 usd
CY2023Q4 sxc Assets Excluding Tax Assets
AssetsExcludingTaxAssets
1659000000 usd
CY2024Q3 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
5600000 usd
CY2023Q4 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
1400000 usd
CY2024Q3 us-gaap Assets
Assets
1654800000 usd
CY2023Q4 us-gaap Assets
Assets
1660400000 usd
CY2024Q3 us-gaap Profit Loss
ProfitLoss
33300000 usd
CY2023Q3 us-gaap Profit Loss
ProfitLoss
8500000 usd
us-gaap Profit Loss
ProfitLoss
77700000 usd
us-gaap Profit Loss
ProfitLoss
48200000 usd
CY2024Q3 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
28100000 usd
CY2023Q3 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
35500000 usd
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
90100000 usd
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
107200000 usd
CY2024Q3 us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
5700000 usd
CY2023Q3 us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
6600000 usd
us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
17800000 usd
us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
21000000.0 usd
CY2024Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
8200000 usd
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
14600000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
20900000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
29700000 usd
CY2024Q3 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
0 usd
CY2023Q3 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
200000 usd
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
400000 usd
CY2024Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-1000000.0 usd
CY2023Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
9200000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
17000000.0 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
26600000 usd
CY2023Q3 sxc Adjusted Ebitda
AdjustedEBITDA
74600000 usd
sxc Adjusted Ebitda
AdjustedEBITDA
223700000 usd
sxc Adjusted Ebitda
AdjustedEBITDA
233100000 usd
CY2024Q3 us-gaap Profit Loss
ProfitLoss
33300000 usd
CY2023Q3 us-gaap Profit Loss
ProfitLoss
8500000 usd
us-gaap Profit Loss
ProfitLoss
77700000 usd
us-gaap Profit Loss
ProfitLoss
48200000 usd
CY2024Q3 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
28100000 usd
CY2023Q3 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
35500000 usd
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
90100000 usd
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
107200000 usd
CY2024Q3 us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
5700000 usd
CY2023Q3 us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
6600000 usd
us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
17800000 usd
us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
21000000.0 usd
CY2024Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
8200000 usd
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
14600000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
20900000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
29700000 usd
CY2024Q3 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
0 usd
CY2023Q3 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
200000 usd
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
200000 usd
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
400000 usd
CY2024Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-1000000.0 usd
CY2023Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
9200000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
17000000.0 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
26600000 usd
CY2024Q3 sxc Adjusted Ebitda
AdjustedEBITDA
74300000 usd
CY2023Q3 sxc Adjusted Ebitda
AdjustedEBITDA
74600000 usd
sxc Adjusted Ebitda
AdjustedEBITDA
233100000 usd

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