Arcadium Lithium Plc ( (ALTM) ) has released its Q4 earnings. Here is a breakdown of the information Arcadium Lithium Plc presented to its investors.
Arcadium Lithium Plc is a global leader in lithium chemicals production, focusing on sustainable and innovative solutions for the clean energy sector, with operations spanning multiple continents. The company recently released its financial results for the fourth quarter and full year of 2024, amidst its pending acquisition by Rio Tinto. Arcadium reported a fourth quarter revenue of $289 million, with a GAAP net loss of $14.2 million, while adjusted EBITDA was $73.7 million. The company saw a 56% increase in total volumes sold compared to the previous quarter, despite a decline in average realized pricing for most lithium products. For the full year, Arcadium achieved a revenue of $1,007.8 million and a GAAP net income of $103.2 million, with adjusted EBITDA reaching $324.5 million. The company maintained higher realized pricing through strong customer relationships and long-term contracts, although overall market conditions were weaker compared to 2023. Looking ahead, Arcadium Lithium’s management remains focused on leveraging its asset portfolio for growth, with the anticipated merger with Rio Tinto expected to further accelerate these opportunities.