On February 24, 2021, after the market closed, a press release was issued by Warrior announcing its fourth quarter and full year 2020 financial results. Warrior reported a larger-than-expected fourth quarter net loss of $33.7 million, or $0.66 per diluted share, among other results. It was further stated in this press release that “[d]ue to ongoing uncertainty related to the COVID-19 pandemic, the Chinese ban on Australian coal and other potentially disruptive factors, Warrior will not be providing full year 2021 guidance at this time.” citing its “short-term focus of preserving cash and liquidity[,]” Warrior advised investors further that its “Stock Repurchase Program also remains temporarily suspended.” 

On February 25, 2021, Warrior’s stock price fell $5.79 per share, or 22.59%, on this news, to close at $19.84 per share.

Warrior Met Cole, Inc.

Investors that purchased the Company’s securities and have suffered a loss, please fill in transaction information below, or email to info@portnoylaw.com.

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Portnoy Law Firm
Lesley F. Portnoy, Esq.,
Office: 310.692.8883
1800 Century Park East, Suite 600
Los Angeles, CA 90067