During the corresponding time, Armstrong Energy, Inc. recorded a revenue increase by 0.99 % year on year, sequentially revenue grew by 3.04 %. While revenue at the Armstrong Energy, Inc.'s corporate clients
Armstrong Energy's Comment on Sales, Marketing and Customers
Our primary customers are electric utilities. We may also sell coal to industrial
companies, brokers and other coal producers. Approximately 99% of our coal revenues
related to sales to electric utilities. The majority of our electric utility customers
purchase coal for terms of one to four years, but we also supply coal on a spot
basis for some of our customers.
We sold coal to six domestic customers with operations located in numerous states.
The majority of those customers operate power plants in the Midwestern and Southern
regions of the United States.