06
Feb
20:49
Peabody Energy announces 2019 earnings, future outlook
US coal supplier Peabody Energy has released its 2019 earnings as well as an outlook for 2020, Kallanish reports.
Mark Spurbeck, intermin cfo at Peabody, announced a $188 million drop in annual earnings. Peabody's earnings before interest, tax and depreciation fell from $1.02 billion in 2018 to $837m in 2019, a net decrease of -17%. The company also revealed fourth quarter adjusted earnings to be down -34% from $274 million in Q4 2018 to $205m in Q4 2019,…
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Anonymous
Very good overview of the weekly steel market.
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