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Li-Cycle Holdings (LICY)
NYSE:LICY
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Earnings Data
Report Date
Mar 14, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$1.27Last Year’s EPS
-$1.31Same Quarter Last Year
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: -58.17%
|Next Earnings Date:Mar 14, 2025
Earnings Call Sentiment|Positive
The earnings call reflects significant achievements in securing a major DOE loan, substantial revenue growth, and successful cost management, indicating strong progress in Li-Cycle's strategic initiatives. However, challenges remain with funding requirements and optimizing the Spoke network, leading to the closure of some operations.Company Guidance
During the Q3 2024 earnings call for Li-Cycle Holdings Corp., the company provided significant guidance on its financial and operational strategies. Key highlights included the finalization of a U.S. Department of Energy (DOE) loan for up to $475 million, which is a $100 million increase from the previously announced commitment and crucial for the Rochester Hub project. The loan matures on March 15, 2040, with a principal amount of up to $445 million and capitalized interest of up to $30 million during construction. The company aims to restart construction at the Rochester Hub, with an estimated remaining cost of $487 million, and expects the facility to produce up to 8,250 tonnes of battery-grade lithium carbonate and 72,000 tonnes of mixed hydroxide precipitate annually. Li-Cycle's revenue for Q3 was $8.4 million, marking a 79% increase year-over-year, attributed to higher recycling service revenue and favorable metal prices. The company is also focusing on optimizing its Spoke network and securing a full funding package to support the Rochester Hub project.DOE Loan Agreement Finalized
Li-Cycle closed an agreement with the U.S. Department of Energy for a loan of up to $475 million, increased from a previously announced commitment of $375 million. This marks the first DOE loan for a sustainable lithium-ion battery materials company.
Revenue Growth
Total revenue increased by 79% to $8.4 million compared to the previous year, driven by higher recycling service revenue and higher metal prices.
Cost Management Success
SG&A expenses decreased by 50% to $12.9 million versus $25.9 million in 2023, primarily due to restructuring initiatives.
Black Mass Production Increase
Quarterly production of black mass and equivalents increased, with almost 2,000 tonnes sold in the quarter compared to 892 tonnes in the previous year.
Strategic Partnerships
Li-Cycle secured an offtake agreement with Glencore for 100% of MHP production and existing agreements for lithium carbonate with Traxys and Glencore.
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LICY 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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LICY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $3.61 | $3.30 | -8.59% |
| Aug 08, 2024 | $2.71 | $2.92 | +7.75% |
| May 10, 2024 | $5.69 | $4.96 | -12.83% |
| Mar 15, 2024 | $6.11 | $8.80 | +44.03% |
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 Li-Cycle Holdings (LICY) report earnings?
Li-Cycle Holdings (LICY) is schdueled to report earning on Mar 14, 2025, TBA Not Confirmed.
What is Li-Cycle Holdings (LICY) earnings time?
Li-Cycle Holdings (LICY) earnings time is at Mar 14, 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 LICY EPS forecast?
LICY EPS forecast for the fiscal quarter 2024 (Q4) is -$1.27.
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