Arch resources reports fourth quarter 2023 results

Achieves net income of $114.9 million and adjusted ebitda of $180.0 million declares a quarterly cash dividend of $31.6 million, or $1.65 per share st. louis , feb. 15, 2024 /prnewswire/ -- arch resources, inc. (nyse: arch) today reported net income of $114.9 million, or $6.07 per diluted share, in the fourth quarter of 2023, compared with net income of $470.5 million, or $23.18 per diluted share, in the prior-year period, which included an income tax benefit of $253.3 million primarily associated with the release of a valuation allowance on the company's deferred tax assets.
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