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The company has been benefiting from increased global demand for steel. It specializes in cokemaking, which is the process of heating coal to very high temperatures to produce a solid carbonaceous residue. Cokemaking is key in the production of steel. Since there is a tight supply of steel, SXC benefits.
While the company only has $55 million in cash as of the end of the most recent quarter, that still compares favorably to no short-term debt. Earnings have grown 82.4% over the past year and are expected to soar 344% year over year in the current quarter. This has led to a Growth Grade of A in our POWR Ratings system.
