Ramaco Resources (NASDAQ:METC) Full Year 2024 Results

Key Financial Results

• Revenue: US$666.3m (down 3.9% from FY 2023).
• Net income: US$11.2m (down 86% from FY 2023).
• Profit margin: 1.7% (down from 12% in FY 2023). The decrease in margin was primarily driven by higher expenses.
• EPS: US$0.21 (down from US$1.67 in FY 2023).

METC Production and Reserves

• Production: 3.33 Mt (2.879 Mt in FY 2023)
• Number of mines: 2 (4 in FY 2023)

All figures shown in the chart above are for the trailing 12 month (TTM) period

Ramaco Resources EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 45%.

In the last 12 months, the only revenue segment was Metals & Mining - Coal contributing US$666.3m. Notably, cost of sales worth US$533.3m amounted to 80% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Depreciation & Amortisation (D&A) costs, amounting to US$65.6m (54% of total expenses). Explore how METC's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Metals and Mining industry in the US.

Performance of the American Metals and Mining industry.

The company's shares are up 13% from a week ago.

Risk Analysis

It is worth noting though that we have found 3 warning signs for Ramaco Resources that you need to take into consideration.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.