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Concentrix Corporation  (CNXC)
Other Ticker:  
 
    Sector  Services    Industry Professional Services
   Industry Professional Services
   Sector  Services
 
Price: $62.3200 $0.55 0.890%
Day's High: $63.2 Week Perf: -2.15 %
Day's Low: $ 61.59 30 Day Perf: 13.29 %
Volume (M): 325 52 Wk High: $ 106.10
Volume (M$): $ 20,279 52 Wk Avg: $78.90
Open: $62.33 52 Wk Low: $53.89



 Market Capitalization (Millions $) 4,100
 Shares Outstanding (Millions) 66
 Employees -
 Revenues (TTM) (Millions $) 7,880
 Net Income (TTM) (Millions $) 278
 Cash Flow (TTM) (Millions $) 228
 Capital Exp. (TTM) (Millions $) 197

Concentrix Corporation

We are a master limited partnership formed on March 16, 2015 by our then-sponsor, CNX Resources Corporation, to manage and further develop all of its active coal operations in Pennsylvania. As part of the separation, all of CNX’s ownership interest in our general partner and in us was transferred to CONSOL Energy as our new sponsor. All amounts except per unit or per ton are displayed in thousands.

At December 31, 2017, our assets are comprised of a 25% undivided interest in, and operational control over, the Pennsylvania Mining Complex, which consists of three underground mines and related infrastructure that produce high-Btu bituminous thermal coal that is sold primarily to electric utilities in the eastern United States. We are a leading producer of high-Btu thermal coal in the Northern Appalachian Basin and the eastern United States due to our ability to efficiently produce and deliver large volumes of high-quality coal at competitive prices, the strategic location of our mines, the industry experience of our management team and our relationship with CONSOL Energy.

The Pennsylvania Mining Complex, which includes the Bailey Mine, the Enlow Fork Mine and the Harvey Mine, has extensive high-quality coal reserves. We mine our reserves from the Pittsburgh No. 8 Coal Seam, which is a large contiguous formation of uniform, high-Btu thermal coal that is ideal for high productivity, low-cost longwall operations. As of December 31, 2017, the Partnership’s portion of the Pennsylvania Mining Complex included 183,867 tons of proven and probable coal reserves with an average gross heat content of approximately 12,915 British thermal units (“Btu”) per pound and approximately 3.6 pounds of sulfur dioxide per million British thermal units (“lb SO2/mmBtu”). Based on our current production capacity, these reserves are sufficient to support approximately 26 years of production. In addition, our reserves currently exhibit thermoplastic behavior suitable for cokemaking and contain an average of approximately 39%-40% volatile matter (on a dry basis), which enables us, if market dynamics are favorable, to capture greater margins from selling our coal as a crossover product in the high-vol metallurgical market to cokemakers and steel manufacturers who utilize modern cokemaking technologies.

The design of the Pennsylvania Mining Complex is optimized to produce large quantities of coal on a cost-efficient basis. We are able to sustain high production volumes at comparatively low operating costs due to, among other things, the technologically advanced longwall mining systems, logistics infrastructure and safety. All of our mines utilize longwall mining, which is a highly automated underground mining technique that produces large volumes of coal at lower costs compared to other underground mining methods. Generally, we operate five longwalls and 15-17 continuous mining sections at the Pennsylvania Mining Complex. The current production capacity of the Partnership’s portion of the Pennsylvania Mining Complex’s five longwalls is 7,125 tons of coal per year. The preparation plant is connected via conveyor belts to each of our mines and cleans and processes up to 8,200 tons of coal per hour. Our on-site logistics infrastructure at the preparation plant includes a dual-batch train loadout facility capable of loading up to 9,000 tons of coal per hour and 19.3 miles of track linked to separate Class I rail lines owned by Norfolk Southern and CSX, which enables us to simultaneously accommodate multiple unit trains and significantly increases our efficiency in meeting our customers’ transportation needs. Our ability to accommodate multiple unit trains allows for the seamless transition from empty inbound trains to fully loaded outbound trains at our facility.

On July 1, 2015, the Partnership’s common units began trading on the New York Stock Exchange under the ticker symbol “CNXC”. On July 7, 2015, the Partnership completed the issuance of common units in connection with the IPO, a private placement of common units with Greenlight Capital, and entered into a $400,000 senior secured revolving credit facility. In connection with the IPO, CNX contributed to the Partnership a 20% undivided interest in the assets, liabilities, revenues and expenses comprising the Pennsylvania Mining Complex.

Bailey Mine

The Bailey Mine is located in Enon, Pennsylvania. As of December 31, 2017, the Partnership’s portion of the Bailey Mine’s assigned and accessible reserve base contained an aggregate of 61,296 tons of clean recoverable proven and probable coal. While operating two longwalls, the typical production capacity of our portion of the Bailey Mine is 2,875 tons (11,500 on a 100% basis) of coal per year. For the years ended December 31, 2017, 2016 and 2015, our portion of the Bailey Mine produced 3,031 tons, 3,014 tons and 2,547 tons of coal, respectively.

Enlow Fork Mine

The Enlow Fork Mine is located directly north of the Bailey Mine. As of December 31, 2017, the Partnership’s portion of the Enlow Fork Mine’s assigned and accessible reserve base contained an aggregate of 73,867 tons of clean recoverable proven and probable coal. While operating two longwalls, the typical production capacity of our portion of the Enlow Fork Mine is 2,875 tons (11,500 on a 100% basis) of coal per year. For the years ended December 31, 2017, 2016 and 2015, our portion of the Enlow Fork Mine produced 2,295 tons, 2,409 tons and 2,250 tons of coal, respectively.

Harvey Mine

The Harvey Mine is located directly east of the Bailey and Enlow Fork Mines. As of December 31, 2017, the Partnership’s portion of the Harvey Mine’s assigned and accessible reserve base contained an aggregate of 48,704 tons of clean recoverable proven and probable coal. While operating one longwall, the typical production capacity of our portion of the Harvey Mine is 1,375 tons (5,500 on a 100% basis) of coal per year. For the years ended December 31, 2017, 2016 and 2015, our portion of the Harvey Mine produced 1,201 tons, 743 tons and 901 tons of coal, respectively. Longwall production commenced in March 2014.




   Company Address: 39899 Balentine Drive Newark 94560 CA
   Company Phone Number: 747-0583   Stock Exchange / Ticker: NASDAQ CNXC
   


   

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Management Announcement

Concentrix Consolidates Position as Global Tech Leader, Share Price Declines in Q2 2024

Published Mon, Apr 22 2024 8:00 PM UTC


In an effort to solidify its position as a global technology and services organization, Concentrix + Webhelp has rebranded as Concentrix. This strategic move aims to power the brands of the future, showcasing their commitment to innovation and growth in the industry.
However, this rebranding seems to have had a negative impact on Concentrix's share price during the ...

Concentrix Corporation

Concentrix Corporation Reports Mixed Results for First Quarter of 20242.

Concentrix Corporation, a prominent global provider of customer experience solutions and technology, recently released its financial report for the fiscal first quarter that ended on February 29, 2024. The report demonstrated both positive and negative aspects of the company's performance, with some areas showing great promise while others posed challenges.
In terms of earnings per share, Concentrix Corporation experienced a significant decline from $1.68 EPS in the same period the previous year to $0.76 EPS. This drop of $0.92 per share is indeed a cause for concern. However, it is imperative to note that the company's revenue soared by an impressive 46.839% within the same timeframe, reaching a substantial $2.23 billion. This growth in revenue reflects the company's ability to capitalize on emerging opportunities in the market.

Concentrix Corporation

CNXC's Unexpected Twist: Breathtaking Performance Despite a Drastic Drop in Earnings

CNXC, or Concentrix Corporation, recently released its financial report for the fiscal fourth quarter and fiscal year ended November 30, 2023. In this report, it was revealed that CNXC's EPS (Earnings Per Share) for this period was $1.12, while its Revenue stood at $1.63 billion.
Compared to the same three-month period in the preceding year, CNXC's EPS dropped significantly from $2.06 per share to $1.12 per share. However, the company experienced a positive growth in Revenue, with a 35.986% increase in the same period, outperforming its peers in the Professional Services industry who saw a 5.55% revenue increase during that time.

Concentrix Corporation

Concentrix Corporation's Revenue Sees a Modest 3.41% Rise, Bucking the Industry Trend

Concentrix Corporation Faces Declining EPS Despite Increasing Revenue
In the fiscal interval ending August 31, 2023, Concentrix Corporation, a leading Professional Services company, announced a decline in earnings per share (EPS) despite an increase in revenue. The company's revenue grew by 3.41% to $1.63 billion, compared to $1.58 billion in the previous year. However, net profit per share dropped by 26.96% to $1.49 per share, down from $2.04 per share in the same period in 2022.
While Concentrix Corporation reported revenue growth, it lagged behind its competitors in the Professional Services industry, who recorded an average revenue growth of 3.67% during the same time frame. In the previous reporting season, the company achieved a revenue of $1.61 billion and a bottom line of $1.51 per share.

Concentrix Corporation

Concentrix Corporation Faces Shocking Downturn in Earnings per Share as Fiscal Period Ends May 2023

Concentrix Corporation, a prominent player in the stock market, recently released its financial earnings for the most recent fiscal period, and while there were some dips in performance, there were also several positive indicators. The company's revenue saw a solid increase of 5.121%, ticking up to $1.61 billion compared to $1.54 billion in the previous year.
However, it's important to note that net profit per share experienced a decline of -27.75%, falling to $1.51 per share from $2.09 in the previous reporting season. Similarly, revenue for the prior period decreased by -1.326% from $1.64 billion, while profits fell by -10.12% from $1.68 per share.
Even with these challenges, Concentrix Corporation managed to generate earnings of $78.850 million in the financial period ending on May 31, 2023, showcasing resilience in the face of adversity. Although this represented a decrease of -28.67% from $110.539 million in the corresponding period the year before, it's worth noting that the company was able to sustain profitability during a challenging time.
To counter these setbacks, Concentrix Corporation proactively shifted its focus on improving sales during the financial period closing on May 31, 2023. This strategic move resulted in a net margin easing to 4.88%. While net margin dipped slightly, operating earnings experienced a remarkable increase of 10.03%, reaching $162.566 million.






 

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