Walter Energy Sees Rising Costs, Weaker Prices Negate Production Gains in First-Quarter 2012, an Industrial Info News Alert

SUGAR LAND, TX -- (Marketwire) -- 05/04/12 -- Researched by Industrial Info Resources (Sugar Land, Texas) -- Leading metallurgical coal producer Walter Energy Incorporated (NYSE:WLT) (Birmingham, Alabama) saw a sharp decline in profits in the first quarter of 2012, as lower coal sales prices and higher operating costs in the U.S. and Canada diminished gains in sales and production, including consolidated coal production of 3 million metric tons, which is a quarterly record. Net income for the quarter was reported to be $40.62 million, a 50.36% decrease from first-quarter 2011.

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Joe Govreau

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