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SunCoke Energy, Inc. reported strong first quarter 2024 results with a net income of $21.1 million, $20.0 million attributable to SXC, and a Consolidated Adjusted EBITDA of $67.9 million. The company reaffirmed its full-year 2024 guidance range of $240 million to $255 million for Adjusted EBITDA. Revenues were stable due to higher blast coke sales volumes and logistic segment performance. Domestic Coke and Logistics segments showed positive growth, while Brazil Coke and Corporate segments remained consistent. The outlook for 2024 includes production estimates, net income, Adjusted EBITDA projections, and capital expenditures.
SunCoke Energy, Inc. (SXC) declared a cash dividend of $0.10 per share of common stock to be paid on June 3, 2024, for stockholders on record as of May 15, 2024.