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Neo Performance Materials Inc (TSE:NEO)
TSX:NEO
RESEARCH TOOLSreports
Earnings Data
Report Date
May 09, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.04Last Year’s EPS
0.01Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 18, 2025
|% Change Since: 22.21%
|Next Earnings Date:May 09, 2025
Earnings Call Sentiment|Positive
Neo Performance Materials reported strong EBITDA growth and successful execution of strategic projects. However, challenges such as revenue decline due to rare earth prices and legal liabilities were noted. Despite some segment underperformance, the company's strategic initiatives and financial flexibility suggest a positive outlook.Company Guidance
During the Neo Performance Materials Inc. Q4 2024 earnings call, the company reported exceptional financial performance, with adjusted EBITDA exceeding their guidance range and full-year EBITDA increasing by over 70% year-over-year to $64 million, including $21 million in Q4. Magnequench's adjusted EBITDA rose by 21%, and Rare Metals more than doubled its EBITDA compared to the previous year. Neo achieved $52 million in cash flow from operations, ending the year with $85 million in cash and a low leverage ratio of 1.1 times LTM adjusted EBITDA. The company anticipates adjusted EBITDA for 2025 to be between $55 million and $60 million, slightly raising their previous guidance. Neo's strategic growth initiatives include the completion of major capital projects, such as the new Emissions Control Catalyst plant and the nearing completion of the European Permanent Magnet facility, which is expected to launch in 2025.Record-Breaking EBITDA Growth
Adjusted EBITDA grew over 70% year-over-year to $64 million, with Q4 contributing $21 million. Magnequench's EBITDA increased by 21%, and Rare Metals more than doubled its EBITDA from the previous year.
Cash Flow and Capital Improvements
Generated $52 million in cash flow from operations with significant working capital improvements. Ended the year with $85 million in cash, maintaining a strong balance sheet and ample liquidity.
Strategic Growth Projects
Completed new Emissions Control Catalyst plant on time and under budget, and advanced the European Permanent Magnet facility, nearing completion. Secured a major Tier 1 automotive supplier award for permanent magnets.
Non-Core Asset Divestment
Streamlined portfolio by divesting non-core assets, including the sale of Chinese separation facilities expected to generate $30 million in cash.
New Customer Programs and Supply Chain Diversification
Won important new customer programs and diversified rare earth supply with contracts outside China.
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TSE:NEO 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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TSE:NEO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 18, 2025 | C$7.70 | C$8.67 | +12.60% |
| Nov 14, 2024 | C$7.75 | C$7.84 | +1.16% |
| Aug 09, 2024 | C$6.85 | C$6.67 | -2.63% |
| May 10, 2024 | C$5.52 | C$6.00 | +8.70% |
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 Neo Performance Materials Inc (TSE:NEO) report earnings?
Neo Performance Materials Inc (TSE:NEO) is schdueled to report earning on May 09, 2025, TBA Not Confirmed.
What is Neo Performance Materials Inc (TSE:NEO) earnings time?
Neo Performance Materials Inc (TSE:NEO) earnings time is at May 09, 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 TSE:NEO EPS forecast?
TSE:NEO EPS forecast for the fiscal quarter 2025 (Q1) is 0.04.
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