Arcadium Lithium Plc

Latest Results (25.12.2024):

Revenue and Net Income

Arcadium Lithium Plc reported third quarter 2024 revenue of $203.1 million. The company's attributable GAAP net income for the same period was $16.1 million, translating to 1 cent per diluted share. This performance reflects the company's ability to maintain revenue streams despite market challenges.

Adjusted EBITDA and Earnings

For the third quarter of 2024, Arcadium Lithium Plc achieved an Adjusted EBITDA of $42.9 million. The adjusted earnings per diluted share were also reported at 1 cent. The decline in Adjusted EBITDA compared to the previous quarter was due to lower average realized prices and volumes, coupled with increased costs.

Average Realized Pricing

Arcadium Lithium Plc's average realized pricing for combined lithium hydroxide and carbonate volumes in the third quarter of 2024 was $16,200 per product metric ton. This was a decrease from $17,200 in the second quarter, attributed to weaker market prices and changes in customer and product mix. However, lithium hydroxide pricing remained stable due to long-term agreements.

Volume and Production

The third quarter of 2024 saw a 6% decrease in total volumes on a Lithium Carbonate Equivalent (LCE) basis compared to the second quarter. This was primarily due to weaker demand and a slow production ramp-up at the Olaroz Stage 2 lithium carbonate expansion in Argentina. Despite this, higher spodumene volumes were recorded.

Outlook and Strategic Focus

Arcadium Lithium Plc remains focused on cost and operational discipline, with strategic initiatives aimed at cost savings and advancing expansion projects. The company prioritizes projects like Sal de Vida and Nemaska Lithium, demonstrating its commitment to maintaining strong average realized pricing and strategic customer relationships in a challenging market environment.