SunCoke Energy, Inc. (NYSE:SXC) Q4 2023 Earnings Conference Call February 1, 2024 11:00 AM ET

Company Participants

Shantanu Agrawal - VP, Finance and Treasurer

Katherine Gates - President

Mark Marinko - SVP and CFO

Conference Call Participants

Lucas Pipes - B. Riley Securities

Nathan Martin - The Benchmark Company

Operator

Hello, and welcome to today's SunCoke Energy Fourth Quarter 2023 Earnings Call. My name is Jordan, and I'll be coordinating your call today. [Operator Instructions]

I'm now going to hand over to Shantanu Agrawal, VP Finance and Treasurer, to begin. Shantanu, please go ahead.

Shantanu Agrawal

Thanks, Jordan. Good morning, and thank you for joining us this morning to discuss SunCoke Energy's fourth quarter and full year 2023 results as well as 2024 guidance.

With me today are Mike Rippey, Chief Executive Officer; Katherine Gates, President; 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 Katherine, 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 Katherine.

Katherine Gates

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

Earlier today, we announced SunCoke Energy's fourth quarter results. Before I turn it over to Mark to review the results in detail, I want to share a few highlights from 2023. I want to start by thanking all of our SunCoke employees for their contributions in achieving our 2023 objectives. The dedication of our team is evident through our strong operational performance and our financial results.

Slide 3 lays out our key objectives for 2023 and how we performed against those objectives. We delivered consolidated adjusted EBITDA of $268.8 million, modestly exceeding the high end of our guidance range of $265 million. Strong Domestic Coke operational performance drove our results while our Logistics business faced headwinds due to challenging market conditions.