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Arcadium Lithium Plc (ALTM)
:ALTM
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Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.02Last Year’s EPS
0.34Same Quarter Last Year
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 07, 2024
|% Change Since: 6.32%
|Next Earnings Date:Feb 22, 2024
Earnings Call Sentiment|Neutral
The earnings call highlighted strong financial performance and strategic initiatives for growth and cost savings. However, it was tempered by challenges such as declining lithium prices, market demand visibility issues, and a strategic slowdown in expansion plans.Company Guidance
During the Arcadium Lithium Q2 2024 earnings call, the executives provided comprehensive guidance on various financial metrics and strategic directions. The company reported a robust adjusted EBITDA margin of close to 40% and an average realized pricing of $17,200 per metric ton for lithium products. Arcadium expects a 25% increase in combined lithium hydroxide and carbonate sales volume in 2024, with a similar growth rate projected for 2025. The company anticipates cost savings to reach the high end of its $60 million to $80 million guidance range for 2024, and plans to accelerate total cost synergies of $125 million per annum by 2027. Due to current market dynamics, Arcadium plans to slow down some of its expansion projects, reducing capital spending over the next 24 months by approximately $500 million. Despite the challenging market conditions, Arcadium remains optimistic about its long-term strategy and is set to provide a detailed review at its upcoming Investor Day.Strong Financial Performance
Arcadium Lithium reported second quarter revenue of $255 million and an adjusted EBITDA of $99 million, achieving an adjusted EBITDA margin of 39%.
Increased Production Capacity
Significant additional production capacity was brought online at Olaroz and Fenix, with a 25% increase in lithium hydroxide and carbonate sales volume expected in 2024.
Cost Savings Initiatives
Arcadium Lithium is on track to realize cost savings towards the high end of the $60 million to $80 million guidance range for 2024 and plans to accelerate total cost synergies of $125 million per annum by 2027.
Strategic Acquisition
Acquired Li-Metal Corp.'s lithium metal business for $11 million, enhancing capabilities in lithium metal production.
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ALTM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ALTM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $5.38 | $5.36 | -0.37% |
| Aug 06, 2024 | $2.64 | $2.68 | +1.52% |
| May 07, 2024 | $4.74 | $4.57 | -3.59% |
| Feb 22, 2024 | $4.65 | $4.81 | +3.44% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Arcadium Lithium Plc (ALTM) report earnings?
Arcadium Lithium Plc (ALTM) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is Arcadium Lithium Plc (ALTM) earnings time?
Arcadium Lithium Plc (ALTM) earnings time is at Feb 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ALTM EPS forecast?
ALTM EPS forecast for the fiscal quarter 2024 (Q4) is 0.02.
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