PLL Earnings Prediction
The chart below shows how PLL performed 10 days before and after its earnings report, based on data from the past quarters. Typically, PLL sees a +1.82% change in stock price 10 days leading up to the earnings, and a +1.65% change 10 days following the report. On the earnings day itself, the stock moves by -0.09%. This data can give you a slight idea of what to expect for the next quarter's release.
PLL Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
27.66M
-41.30%
109.14%
Gross Margin
9.59%
-80.98%
102.75%
Operating Margin
-24.76%
-196.38%
-62.41%
Net Margin
-60.32%
-224.19%
-40.15%
EPS
-0.86
-172.27%
24.64%
No Data Available
PLL Earnings Analysis
Piedmont Lithium Inc. Common Stock Corporation (PLL.O) Earnings Conference Call
Positive
Record Customer Deliveries: Piedmont Lithium reported a record quarter of customer deliveries, significantly improving profitability per ton during the quarter.
Production and Cost Efficiency: North American Lithium achieved quarterly production records while also reducing unit operating costs, supporting a successful quarter of deliveries to customers.
Cash Position Improvement: The company improved its cash position with a heavy focus on disciplined spending across OpEx, CapEx, and investments in affiliates.
Quarterly Shipment and Revenue Growth: Piedmont Lithium shipped approximately 31,500 dry metric tons for the quarter, more than doubling the volume shipped in the previous quarter and recognizing $27.7 million in revenue compared to $13.2 million in the previous quarter.
Cash Position Improvement: The company ended the quarter with $64.4 million in cash compared to $59 million in cash at the end of the second quarter.
Negative
Quarterly Net Loss Report: Third quarter GAAP net loss was $16.7 million or $0.86 per share, and adjusted net loss was $8.1 million or $0.42 on an adjusted per share basis.
Restructuring and Impairment Charges: Included in our GAAP results were $4.6 million in restructuring and impairment charges associated with our 2024 cost savings plan, of which $4.1 million related to impairment for Tennessee Lithium, as we shifted our planned lithium hydroxide capacity to Carolina Lithium and $500,000 related mainly to employee severance and benefit costs.
Quarterly Shipping and Revenue Surge: We shipped approximately 31,500 dry metric tons for the quarter, which is more than twice our volumes shipped in the previous quarter and recognized $27.7 million in revenue compared to $13.2 million in the previous quarter and $47.1 million in the prior year quarter.
Realized Price Metrics: Our realized price per metric ton was $878 for the quarter. On an SC6 equivalent basis, our realized price per metric ton equated to $976.
Cost Reduction Analysis: Cost per ton decreased 11% quarter-over-quarter or 15% if you exclude the impact of inventory adjustments.
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PLL Earning Call Sentiment
Piedmont Lithium Inc. (PLL) Q3 2024 Earnings Call Transcript
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PLL.O
-3.96%Positive
Piedmont shows strong financial performance with a 20% revenue increase and improved margins. The share repurchase program signals shareholder confidence. Despite competitive pressures and regulatory risks, the company anticipates significant revenue growth and has a robust CapEx plan. The Q&A reveals optimism about demand and product launches, though supply chain challenges remain. Overall, the positive financials, growth prospects, and shareholder return plan outweigh the risks, leading to a positive sentiment.