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Peabodq <br />FOR IMMEDIATE RELEASE <br />February 11, 2016 <br />News Release <br />CONTACT: <br />Vic Svec <br />(314)342-7768 <br />PEABODY ENERGY ANNOUNCES RESULTS <br />FOR THE YEAR ENDED DECEMBER 31, 2015 <br />0 2015 revenues of $5.61 billion lead to Adjusted EBITDA of $434.6 million, including <br />$23.5 million in restructuring charges <br />0 Diluted Loss Per Share from Continuing Operations totals $(102.62); Adjusted Diluted <br />EPS totals $(36.39) <br />0 Australian costs per ton improve 24% to record low for platform; U.S. costs per ton <br />improve 5% even with lower volumes; Capital spending declines 35% to $127 million <br />0 2016 targets include 18 to 28 million ton decline in U.S.; Reduced hedging losses; <br />Lower SG&A expense <br />0 Amid difficult market conditions, additional aggressive steps underway to improve <br />the business, preserve liquidKy and reduce debt <br />ST. LOUIS, Feb. 11 — Peabody Energy (NYSE: BTU) today reported full -year 2015 revenues of <br />$5.61 billion. Adjusted EBITDA totaled $434.6 million, which includes $23.5 million in <br />restructuring charges related to reductions in corporate and regional staff and Australian Mining <br />Operations. Full -year Adjusted EBITDA excludes the impact of $1.28 billion in charges related <br />to asset impairments. Diluted Loss Per Share from Continuing Operations totaled $(102.62) <br />and Adjusted Diluted EPS totaled $(36.39). <br />"Against a brutal industry backdrop, the Peabody team delivered a strong operating <br />performance as we improved safety, achieved over $620 million in lower costs, further reduced <br />capital, streamlined the organization and advanced multiple work streams to address our <br />portfolio and financial objectives," said Peabody Energy President and Chief Executive Officer <br />Glenn Kellow. "It is clear that more must be done, and we are taking further steps to confront a <br />prolonged industry downturn by targeting additional cost reductions, advancing non-core asset <br />sales and pursuing aggressive actions to preserve liquidity and delever our balance sheet." <br />RESULTS FROM CONTINUING OPERATIONS <br />2015 revenues totaled $5.61 billion compared with $6.79 billion in the prior year due to <br />lower realized pricing in the U.S. and Australia and a 21.0 million ton decline in sales. These <br />factors drove full -year Adjusted EBITDA down 47 percent to $434.6 million as approximately <br />