SunCoke Energy, Inc. (NYSE:SXC) Q3 2022 Earnings Conference Call October 31, 2022 11:00 AM ET

Corporate Participants

Shantanu Agrawal - Vice President Finance and Investor Relations

Mike Rippey - President and Chief Executive Officer

Mark Marinko - Chief Financial Officer

Conference Call Participants

Lucas Pipes - B. Riley Securities

Operator

Good morning. My name is Dennis, and I will be your conference operator today. At this time, I would like to welcome everyone to the SunCoke Energy Third Quarter 2022 Earnings Conference Call. [Operator Instructions]. Thank you.

I would now like to turn the conference over to Shantanu Agrawal, VP, Finance and Treasurer. Please go ahead.

Shantanu Agrawal

Thanks, Dennis. Good morning and thank you for joining us this morning to discuss SunCoke Energy's third quarter 2022 results. With me today are Mike Rippey, President and Chief Executive Officer; and Mark Marinko, Senior Vice President and Chief Financial Officer. Following management's prepared remarks, we'll open the call for Q&A.

This conference call is being webcast live on the Investor Relations section of our website, and a replay will be available later today. If we don't get to your questions on the call today, please feel free to reach out to our Investor Relations team.

Before I turn things over to Mike, let me remind you that the various remarks we make on today's call regarding future expectations constitute forward-looking statements. The cautionary language regarding forward-looking statements in our SEC filings apply to the remarks we make today. These documents are available on our website as are reconciliations to non-GAAP financial measures discussed on today's call.

With that, I'll now turn things over to Mike.

Mike Rippey

Thanks, Shantanu. Good morning and thank you all for joining us today.

Today we announced SunCoke Energy's third quarter results. And before I turn it over to Mark, we'll review the results in detail. I want to discuss a few highlights.

First, I would like to thank all of our SunCoke employees for their continued best-in-class safety performance, while achieving record third quarter results. For our collective efforts, we delivered a consolidated adjusted EBITDA at $83.7 million.

Our domestic coke business performed exceptionally well during the quarter, which allowed us to fully realize the benefits of a strong export coke market. In our logistics segment, we continue to see elevated levels of customer demand and favorable pricing.

Our foundry and export coke initiatives continue to perform well. And we are pleased with the positive impact they've had on our financial results. Looking forward, we're experiencing softening in export coke markets, particularly in pricing driven by global economic uncertainties.