Arcadium Lithium Plc Earnings Reports

Arcadium Lithium's Q4 2024 revenue reached $289.0 million, reflecting lower average realized lithium prices despite a 56% increase in total sales volumes. The company posted a GAAP net loss of $14.2 million, or $0.01 per share, while adjusted EPS remained flat at $0.01. Adjusted EBITDA stood at $73.7 million, supported by cost reductions and long-term customer agreements. The company withdrew its 2025 guidance due to its pending acquisition by Rio Tinto.

Arcadium Lithium reported a decrease in Adjusted EBITDA compared to the previous quarter, primarily due to lower average realized prices and volumes, as well as higher costs. Revenue for the third quarter was $203.1 million, with a GAAP net income of $16.1 million, or 1 cent per diluted share. The company realized an average pricing of $16,200 per product metric ton for combined lithium hydroxide and carbonate volumes.

Arcadium Lithium reported second quarter revenue of $255 million and GAAP net income of $85.7 million, or 7 cents per diluted share. The company realized an average price of $17,200 per product metric ton for combined lithium hydroxide and carbonate volumes. Arcadium Lithium is reducing capital spending by approximately $500 million over the next 24 months and expects to deliver cost savings at the higher end of its $60 to 80 million guidance range for 2024.

Arcadium Lithium reported first quarter revenue of $261 million and net income of $15.6 million, or 1 cent per diluted share. The company achieved average realized pricing of over $20,000 per product metric ton for its combined hydroxide and carbonate volumes. They also reduced their global workforce by approximately 11% in the first quarter.