ALTM Earnings Prediction
The chart below shows how ALTM performed 10 days before and after its earnings report, based on data from the past quarters. Typically, ALTM sees a +3.09% change in stock price 10 days leading up to the earnings, and a +3.32% change 10 days following the report. On the earnings day itself, the stock moves by +0.89%. This data can give you a slight idea of what to expect for the next quarter's release.
ALTM Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
254.50M
7.93%
-2.57%
Gross Margin
54.22%
-11.03%
-22.61%
Operating Margin
49.86%
-9.71%
-10.44%
Net Margin
37.13%
-2.93%
387.27%
EPS
0.07
-83.72%
600.00%
No Data Available
ALTM Earnings Analysis
Arcadium Lithium plc Corporation (ALTM.N) Earnings Conference Call
Positive
- Arcadium Lithium reported strong results in the quarter with a 40% adjusted EBITDA margin, showcasing the benefit of low-cost operating and strategic partnerships.
- Realized average pricing of $17,200 per product metric ton in the second quarter, demonstrating the company's ability to achieve higher pricing despite market challenges.
- Significant additional production capacity was brought online in 2024, resulting in a 25% increase in combined lithium hydroxide and carbonate sales volume.
- Progress on cost savings initiatives, with expected savings in 2024 towards the high end of the $60 million to $80 million guidance range.
- Decision to pause investment in expansion projects to align with market demands, reducing total capital spending by approximately $500 million over the next 24 months.
Negative
- Slowing down the pace of expansion projects due to low market prices, pausing investment into four current expansion projects, reducing total capital spending by approximately $500 million over the next 24 months.
- Decision to defer investment in the Galaxy project in Canada and revisiting the sequencing of the carbonate projects at the Salar del Hombre Muerto in Argentina.
- Market price weakness in lithium affecting earnings, with lower average realized pricing for spodumene and other products due to market conditions.
- Increased supply of lithium carbonate and spodumene concentrate leading to higher inventory levels and downward pressure on prices, impacting the financial performance.
- Decline in lithium market prices and oversupply dynamics contributing to a negative impact on the industry's investment in capacity expansion.
ALTM FAQs
How does ALTM typically perform around its earnings report dates?
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ALTM Earning Call Sentiment
Arcadium Lithium plc (ALTM) Q2 2024 Earnings Call Transcript
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ALTM.N
-0.35%Positive
The earnings call summary presents a mixed picture with several negative elements. The basic financial performance shows declining revenue and pricing, and the market strategy highlights challenges like oversupply and regulatory issues. The Q&A further reveals uncertainties, with management being vague about key financial metrics and CapEx updates. Despite cost-saving initiatives and optimistic long-term price projections, the immediate outlook is hindered by market conditions, reduced investments, and lack of shareholder returns. The absence of a share buyback program and potential closure of Mt. Cattlin contribute to a negative sentiment.
