SunCoke (SXC) Q2 Revenue Beats by 25%

In the Domestic Coke segment, revenue declined by 7% compared to the prior year period, with adjusted EBITDA down 30% compared to the prior year period. Sales volumes dropped to 943,000 tons and per-ton profitability fell to $42.95 from $59.51. Management pointed to timing and mix of contract and spot coke sales, as well as continued drag from less favorable contract economics at Granite City. The spot coke market remained "highly challenged," impacting profit margins and sales mix. Capacity utilization was ...