Sector: Basic Materials | Industry: Iron & Steel |
Company Contact | |
Address: | 1576 Stoystown Road, PO Box 260 FRIEDENS PA 15541 |
Tel: | N/A |
Website: | https://www.corsacoal.com |
IR: | See website |
Key People | ||
Kevin M. Harrigan President, Chief Executive Officer, Director | Daniel M. Bonacci Chief Financial Officer, Company Secretary |
Business Overview |
Corsa Coal Corp. is a coal mining company. The Company is engaged in the business of mining, processing, and selling metallurgical coal, as well as exploring, acquiring, and developing resource properties that are consistent with its existing coal business. Its core business is supplying metallurgical coal to domestic and international steel and coke producers. The Company's operating division, Northern Appalachia (NAPP). The NAPP Division, based in Somerset, Pennsylvania, United States of America, produces and sells low volatile metallurgical coal used for the production of coke from its mines in the Northern Appalachia coal region of the United States of America. The Company has the operational capacity at its mines to produce over 1.6 million tons of coal per year, with processing capacity at its two operating plants in excess of 4.0 million. The Company also operates preparation plant facilities in Somerset County. |
Financial Overview |
For the fiscal year ended 31 December 2023, Corsa Coal Corp revenues increased 19% to $197.1M. Net income totaled $23.6M vs. loss of $27.7M. Revenues reflect Metallurgical coal sales increase of 21% to $191.8M, Thermal coal sales increase of 4% to $4.8M. Net Income reflects NAPP segment income totaling $24.7M vs. loss of $13.7M, Corporate segment loss decrease of 14% to $2.7M. |
Employees: | 400 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $40.92M as of Dec 31, 2023 |
Annual revenue (TTM): | $267.45M as of Dec 31, 2023 |
EBITDA (TTM): | $47.85M as of Dec 31, 2023 |
Net annual income (TTM): | $31.95M as of Dec 31, 2023 |
Free cash flow (TTM): | $30.58M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $13.97M as of Dec 31, 2023 |
Shares outstanding: | 103,801,512 as of Jan 11, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |