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Sep 30, 2024
Arcadium Lithium Plc Q3 2024 Earnings Report
Arcadium Lithium's financial performance declined due to lower average realized prices and volumes, along with increased costs.
Key Takeaways
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.
Forward Guidance
Arcadium Lithium has withdrawn its operating and financial guidance due to its pending acquisition by Rio Tinto.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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