The following is a summary of the Arch Resources, Inc. (ARCH) Q1 2024 Earnings Call Transcript:

Financial Performance:

• Arch Resources Inc. achieved adjusted EBITDA of $103 million and generated $83 million in discretionary cash flow in Q1 2024.

• The company delivered a cash margin of $56 per ton in its core metallurgical segments.

• It has reduced its outstanding share count by 3% and issued a quarterly cash dividend of nearly $21 million or $1.11 per share.

Business Progress:

• Arch Resources continues to drive revenue growth in its Commercial business despite market fluctuations.

• It has managed export metallurgical shipments during the Baltimore harbor closure with the help of Dominion Terminal Associates.

• It expects to achieve its full-year guidance of 8.6 million to 9 million tons in sales volume.

• It was awarded several environmental and safety awards for its sustainability practices and has implemented measures to control costs in Q2.

• Progress in the thermal segment is expected to hit full-year shipment guidance and become cash-positive by year-end.

• The company has successfully engaged a significant number of new customers in Asia, including large steel mills in Indonesia, Vietnam, and Malaysia.

• Arch Resources' supply of high-quality coking coal has remained strong despite a supply deficit with other suppliers.

More details: Arch Resources IR

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