ARCH - Arch Resources Inc. (ARCH) Q1 2024 Earnings Call Transcript
2024-04-25 13:51:07 ET
Arch Resources, Inc. (ARCH)
Q1 2024 Earnings Conference Call
April 25, 2024, 10:00 AM ET
Company Participants
Deck Slone - SVP, Strategy
Paul Lang - CEO
John Drexler - COO
Matthew Giljum - CFO
Conference Call Participants
Lucas Pipes - B. Riley Securities
Nathan Martin - Benchmark Company
Katja Jancic - BMO Capital Markets
Michael Dudas - Vertical Research
Presentation
Operator
Good morning, ladies and gentlemen, and welcome to the Arch Resources Incorporated First Quarter 2024 Earnings Call Conference Call. [Operator Instructions] This call is being recorded on Thursday, April 25, 2024.
I would like to turn the conference over to Deck Slone, Senior Vice President of Strategy. Please go ahead.
Deck Slone
Good morning from St. Louis, and thanks for joining us today.
Before we begin, let me remind you that certain statements made during this call, including statements relating to our expected future business and financial performance, may be considered forward-looking statements according to the Private Securities Litigation Reform Act. Forward-looking statements, by their nature, address matters that are to different degrees, uncertain. These uncertainties, which are described in more detail in the annual and quarterly reports that we filed with the SEC, may cause our actual future results to be materially different than those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required by law.
I'd also like to remind you that you can find a reconciliation of the non-GAAP financial measures that we plan to discuss this morning at the end of our press release, a copy of which we've posted in the Investors section of our website at archrsc.com.
Also participating on this morning's call will be Paul Lang, our CEO; John Drexler, our COO; and Matt Giljum, our CFO. After our formal remarks, we'll be happy to take questions.
With that, I'll now turn the call over to Paul. Paul?
Paul Lang
Thanks, Deck, and good morning, everyone. We appreciate your interest in Arch and are glad you could join us on the call this morning.
I'm pleased to report that during the first quarter, Arch continued to drive forward with our consistent and proven plan for long-term value creation and growth despite some headwinds. During the quarter just ended, the team achieved an adjusted EBITDA of $103 million and generated $83 million in discretionary cash flow, delivered a $56 per ton cash margin in our core metallurgical segment, underscoring the durability of our cash-generating capabilities across a wide range of market environments. Reduced our outstanding share count by 3%, which included 315,000 shares associated with the unwinding of the capped call instrument, and have repurchased of an additional 95,000 shares....
Arch Resources, Inc. (ARCH) Q1 2024 Earnings Call Transcript