Piedmont Lithium reports Q4 adjusted EPS (17c), consensus (53c)

Reports Q4 revenue $45.6M, consensus $52.6M. “We ended 2024 with a strong quarter operationally and commercially driven by strong production at NAL and record shipments, improved gross profit, and lower operating cost structure at Piedmont,” said Keith Phillips, President and CEO of Piedmont Lithium (PLL). “Lithium markets remain challenging, but we are well-positioned to benefit from an eventual price recovery. We are particularly excited about our upcoming merger with Sayona Mining as the merged entity will be the leading lithium producer in North America with a strong portfolio of growth projects and a balance sheet bolstered by the equity financings announced as part of the merger transaction,” added Phillips.