SXC reported Q3 2025 results reflecting significant strategic investment and margin pressure. The key event was the $295.8 million acquisition of Phoenix Global finalized on August 1, 2025, expanding the Industrial Services segment. This acquisition drove Total Assets up to \(1,932.0M, funded by significant new debt, resulting in **Long-Term Debt rising to \)691.1M** (up from \(492.3M at YE 2024). The acquisition resulted in **\)63.6M in new Goodwill** and $21.2M in finite-lived intangibles.
Financial performance contracted: Nine-month Net Income attributable to SXC fell to \(41.4M (\)72.2M
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