Brief: Arch Resources Reports Fourth Quarter 2021 Results

Arch Resources

15/02/2022 13:15

Feb 15 (Reuters) - Arch Resources Inc  ARCH.N :
    * ARCH RESOURCES REPORTS FOURTH QUARTER 2021 RESULTS
    * Q4 EARNINGS PER SHARE $11.92
    * Q4 REVENUE $805.7 MILLION
    * RESTORES BALANCE SHEET TO PRE-PANDEMIC STRENGTH
    * ANNOUNCES ROBUST, NEW CAPITAL RETURN PROGRAM
    * ARCH RESOURCES - Q4 RESULTS INCLUDED NON-CASH CHARGE OF
$24.2
MILLION, OR $1.27 PER DILUTED SHARE RELATED TO SALE OF ITS
EQUITY OWNERSHIP IN KNIGHT HAWK
    * PLANS TO RELAUNCH ITS CAPITAL RETURN PROGRAM IN Q2 OF 2022
    * PLANS TO RETURN TO STOCKHOLDERS APPROXIMATELY 50 PERCENT
OF
PRIOR QUARTER'S DISCRETIONARY CASH FLOW
    * INTENDS TO RETAIN REMAINING 50 PERCENT OF PRIOR QUARTER'S
DISCRETIONARY CASH FLOW FOR USE IN SHARE BUYBACKS, SPECIAL
DIVIDENDS
    * ARCH RESOURCES - INTENDS TO RETAIN REMAINING 50% OF PRIOR
QUARTER'S DISCRETIONARY CASH FLOW FOR USE IN REPURCHASE OF
POTENTIALLY DILUTIVE SECURITIES
    * ARCH RESOURCES - INTENDS TO RETAIN REMAINING 50% OF PRIOR
QUARTER'S DISCRETIONARY CASH FLOW FOR USE IN CAPITAL
PRESERVATION
    * Q4 EARNINGS PER SHARE VIEW $12.00 -- REFINITIV IBES DATA

Source text for Eikon:  ID:nPn3SWmX1a 
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