Ramaco Resources, Inc. (METC) Misses Q1 EPS by 17c, Beats on Revenues

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Go back to Ramaco Resources, Inc. (METC) Misses Q1 EPS by 17c, Beats on Revenues

Ramaco Resources, Inc. Reports First Quarter 2018 Financial Results

May 15, 2018 4:05 PM EDT

LEXINGTON, Ky., May 15, 2018 (GLOBE NEWSWIRE) -- Ramaco Resources, Inc. (NASDAQ: METC) today reported net income of $5.3 million, or $0.13 per diluted share for the first quarter of 2018, compared with a net loss of $2.6 million, or $(0.07) per share for the fourth quarter of 2017. The Companys adjusted earnings before interest, taxes, depreciation, amortization and non-operating expenses (adjusted EBITDA) was $9.2 million for the first quarter of 2018 as compared with an adjusted EBITDA loss of $328 thousand for the fourth quarter of 2017.

Randall Atkins, Ramaco Resources Executive Chairman remarked, We are very pleased to report our first positive financial results since... More