Core Natural - CNR STOCK NEWS

Core Natural Resources (NYSE: CNR) has successfully completed a refinancing of tax-exempt bonds previously issued by CONSOL Energy and Arch Resources, following their merger in January 2025. The refinancing increased the total bond amount from $276 million to $307 million, with a 10-year term maturing in March 2035.

The company achieved a reduced weighted average interest rate of 5.3% despite the current high-interest environment. The transaction, which represents the majority of Core's debt, attracted 39 institutional investors and was more than six times oversubscribed. The refinancing was supported by Jefferies and KeyBanc Capital as co-lead bookrunners, along with B.Riley Securities, Goldman Sachs, PNC Capital Markets , and Texas Capital Markets.

Core Natural Resources (NYSE: CNR) has scheduled its fourth quarter 2024 financial results announcement for February 20, 2025. The company will host an investor conference call at 10:00 a.m. Eastern time on the same day.

Participants can join the call by dialing 800-860-2442 from within the US or +1 412-858-4600 from overseas locations. No passcode is required. The event will also be available via webcast through the investor section of Core's website. The earnings release will be distributed through PR Newswire before market opening on February 20 and will be posted on the company's website.

Core Natural Resources (NYSE: CNR) has reported its Q4 2024 results and announced significant strategic initiatives. The company has adopted a new capital return framework targeting to return approximately 75% of free cash flow to shareholders, primarily through share repurchases, with a $1 billion board authorization for buybacks. The framework includes a quarterly dividend of $0.10 per share.

In Q4 2024, the company reported GAAP net income of $30.8 million and adjusted EBITDA of $170.0 million. The Pennsylvania Mining Complex sold 7.0 million tons of coal, generating revenue of $442.8 million at an average price of $63.28 per ton.

Following the merger with Arch Resources in January 2025, Core has total liquidity of $1.1 billion, including $590 million in cash. The company has already executed strategies expected to yield one-third of the projected $110-140 million in merger synergies. Core projects merger-related cash expenditures of around $100 million and capital expenditures between $300-330 million for 2025.

Core Natural Resources (NYSE: CNR) has scheduled its fourth quarter 2024 financial results conference call for Thursday, February 20, 2025, at 10:00 a.m. Eastern time. Investors can join via phone by dialing 866-360-3591 (US) or +1 412-542-4108 (international). The call will also be available via webcast through the investor section of Core's website.

The company will release its Q4 2024 earnings report via PR Newswire before market opening on February 20, with simultaneous posting on the company website. A replay of the conference call will be made available on the website following the live event.

Core Natural Resources (NYSE: CNR) announced temporary sealing measures at its Leer South mine to address isolated combustion-related activity in the active longwall panel. The company expects to resume development work with continuous miners within three months and longwall mining by mid-year.

Working with regulatory authorities, Core plans to apply water and nitrogen to extinguish the combustion activity. The re-entry process will be phased, starting with ventilation control construction followed by continuous miner development resumption. The company aims to advance development work on future longwall panels to ensure efficient operation in the second half of the year.

Management is implementing preventive measures, including enhanced monitoring, degassing, and proactive mitigation systems to prevent similar incidents in the future.

Cornerstone Building Brands (NYSE: CNR) has appointed Melissa Jones as President of U.S. Siding, effective July 1, 2022. With over 20 years of leadership experience, including her recent role at Pentair, she aims to enhance the company's U.S. residential siding and fencing business. CEO Rose Lee expressed confidence in Jones's customer-centric approach and operational excellence, stating her leadership will bolster the company's goal of becoming a premier exterior building solutions provider.

Cornerstone Building Brands, Inc. (NYSE: CNR) has successfully sold its coil coatings business to BlueScope Steel Limited for $500 million. This all-cash sale, involving brands like Metal Coaters and Metal Prep, enhances Cornerstone's financial flexibility and focuses its portfolio for future growth in larger markets. The company aims to streamline operations and boost value creation. Rothschild & Co acted as the financial advisor for the transaction, which is expected to position Cornerstone for strategic advantages moving forward.

Cornerstone Building Brands (CNR) reported record first-quarter net sales of $1,567 million, a 23.7% increase year-over-year. The company's earnings reached $0.79 per diluted share, with adjusted net income at $0.66. Cash flow from operations improved to $190 million, and net debt leverage ratio decreased to 3.3x. The company announced the divestiture of its coil coatings business for $500 million. A proposed acquisition by CD&R will take the company private and is expected to close in 2022.

Cornerstone Building Brands, Inc. (NYSE: CNR) announces that Sandy East, VP of Customer Service, has received the 2022 STEP Ahead Award, highlighting the contributions of women in manufacturing. This recognition marks the third award for the company's leaders since 2020. East's career spans over three decades at Cornerstone, where she has developed a strong team and promotes opportunities for women. The award ceremony will take place on April 28, 2022, in Washington, D.C., celebrating 130 women who have made significant contributions to the manufacturing industry.