(RTTNews) - Warrior Met Coal, Inc. (HCC) on Thursday reported first-quarter results with a swing to profit from a loss last year, driven by higher revenues.
Net income was $72.3 million compared with a net loss of $8.2 million in the prior-year period. Earnings per share came in at $1.37, compared with a loss per share of $0.16 last year.
Total revenues for the quarter increased to $458.6 million from $299.9 million a year earlier, reflecting stronger sales performance and a return to profitability compared to the prior year.
HCC is currently trading after hours at $86.68, down $3.17 or 3.53 percent on the New York Stock Exchange.
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