JKS Stock
JKS Stock

Livent Corporation (LTHM) stock soared 9.39% in the after-market trading session at the price of $24.23 after reporting its financial results for the fourth quarter of 2021.

Livent enlightens the world by providing its customers with safe and sustainable use of lithium. The company is one of the few with the capacity, prestige, and expertise to produce good-quality finished lithium compounds to fulfill the growing demand. It has a wide range of product portfolios in specialized inventions, powering demand for green energy, the mobile economy, and modern mobility.

LTHM Fourth Quarter 2021 Results

On 18th February 2022, Livent Corporation published its earnings report for the fourth quarter of 2021 and provided a future outlook. LTHM calculated revenue of $122.9M for the Q4 of 2021. It represents a 50% gain from the previous year and a surge of 19% from the Q3 of 2021. It has an Adjusted EBITDA of $27.5M and adjusted earnings of 8% per share. GAAP net income of a company totaled $7.5M, or per diluted share of 4%.

LTHM reported $420.4M in revenue for the year 2021, a 46% gain compared to the previous year. The company has a GAAP net income of $0.6M, or per diluted share of 0% during the year. Adjusted EBITDA was $69.5M and adjusted earnings were 18% per share for 2021.

LTHM Future Outlook

LTHM anticipates a significant improvement in its financial performance for the year 2022. Livent expects revenue to range from $540M to $600M for the full year 2022. Adjusted EBITDA has expected to be from $160M to $200M, representing a gain of 36% to 159% from the prior year.

Management Comment

Chief executive officer of LTHM, Paul Graves, remarked that they had witnessed strong Lithium demand throughout 2021. They expect continued growth in 2022. Issued lithium prices grew to record-setting levels in January, and they continue to realize incredibly higher prices across the portfolio. The company hopes to make considerable progress on all of its development projects. Their clients are focused on reserving reliable lithium volumes required for their growth plans. They will keep investing to increase their capacity in the sector, added Graves.

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