HCC - Warrior Met Coal Inc. (HCC) Q1 2024 Earnings Call Transcript
2024-05-01 21:11:11 ET
Warrior Met Coal, Inc. (HCC)
Q1 2024 Results Conference Call
May 01, 2024 04:30 PM ET
Company Participants
Walt Scheller - Chief Executive Officer
Dale Boyles - Chief Financial Officer
Conference Call Participants
Lucas Pipes - B. Riley Securities
Nathan Martin - The Benchmark Company
Katja Jancic - BMO Capital Markets
Presentation
Operator
Good afternoon. My name is Megan, and I will be your conference operator today. At this time, I would like to welcome everyone to the Warrior First Quarter 2024 Financial Results Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session [Operator Instructions]. This call is being recorded and will be available for replay on the company's Web site. Before we begin, I have been asked to note that today's discussion may contain forward-looking statements, and actual results may differ materially from those discussed. For more information regarding forward-looking statements, please refer to the company's press releases and SEC filings. I have also been asked to note that the company has posted reconciliations of the non-GAAP financial measures discussed during this call in the tables accompanying the company's earnings press release located on the Investors section of the company's Web site at www.warriormetcoal.com. In addition to the earnings release, the company has posted a brief supplemental slide presentation to the Investors section of its Web site at www.warriormetcoal.com. Here today to discuss the company's results are Mr. Walt Scheller, Chief Executive Officer; and Mr. Dale Boyles, Chief Financial Officer. Mr. Scheller, you may begin your remarks.
Walt Scheller
Thanks, operator. Hello, everyone. And thank you for taking the time to join us today to discuss our first quarter 2024 results. After my remarks, Dale will review our results and additional detail, and you will have the opportunity to ask questions. We delivered very strong results for the first quarter, driven by our operational performance. The volume of steelmaking coal that we produced reached levels not seen since 2020. We took advantage of the inventory levels we had built over the preceding quarters to generate over $104 million in cash from operations, which we primarily used to invest in our Blue Creek growth project and return additional cash to stockholders. We also made excellent progress on Blue Creek, meeting several key milestones as we advanced the development of this world class growth project that has the potential to transform our company....
Warrior Met Coal, Inc. (HCC) Q1 2024 Earnings Call Transcript