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.
Third quarter revenue reached $203.1 million.
GAAP net income attributable was $16.1 million, or 1 cent per diluted share.
Adjusted EBITDA was $42.9 million.
Average realized pricing for combined lithium hydroxide and carbonate volumes was $16,200 per product metric ton.
Arcadium Lithium has withdrawn its operating and financial guidance due to its pending acquisition by Rio Tinto.
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