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Piedmont Lithium (AU:PLL)
:PLL
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Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
>-0.01Last Year’s EPS
-0.02Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Sep 30, 2020
|% Change Since: -24.32%
|Next Earnings Date:Mar 09, 2020
Earnings Call Sentiment|Neutral
The earnings call presented a mix of positive operational achievements, such as record deliveries and production records at North American Lithium, alongside cost reductions and improved cash position. However, these highlights were balanced by financial challenges, including a significant quarterly net loss and a reduced shipment outlook due to market conditions. The company remains optimistic about future demand growth and strategic opportunities.Company Guidance
During the Q3 2024 earnings call for Piedmont Lithium, several key metrics and strategic updates were highlighted. The company reported shipping approximately 31,500 dry metric tons of spodumene concentrate, which more than doubled from the previous quarter, leading to $27.7 million in revenue despite a decline from the prior year's quarter due to lower lithium pricing. The realized price per metric ton was $878, or $976 on an SC6 equivalent basis, reflecting a strategic hedging against the futures market. The company achieved a production record of over 52,000 dry metric tons at North American Lithium (NAL), with operating costs per ton reduced by 11% quarter-over-quarter. Additionally, Piedmont improved its cash position to $64.4 million, aided by a working capital credit facility. The company also achieved $14 million in annual cash cost savings, exceeding its $10 million target, and expects to recognize the majority of these savings in 2024. Looking ahead, the full-year shipment guidance was adjusted to 102,000-116,000 dry metric tons due to a customer-requested shipment deferral to Q1 2025. The company also discussed strategic efforts to secure funding for its projects, particularly the Ewoyaa project in Ghana, and the potential for a strategic partnership to advance the Carolina Lithium project.Record Customer Deliveries and Improved Profitability
Achieved a record quarter of customer deliveries and improved profitability per ton by consolidating and commingling shipments, reducing transportation costs, and hedging against the futures market.
North American Lithium Production Records
Set new production records for North American Lithium, producing over 52,000 dry metric tons of spodumene concentrate in Q3, a 5% increase quarter-over-quarter, and reduced operating costs.
Cash Position Improvement
Improved cash position to $64.4 million from $59 million at the end of the second quarter, with a focus on disciplined spending across OpEx, CapEx, and investments.
Significant Cost Savings Achieved
Exceeded the $10 million target of annual cash cost savings for 2024 by achieving $14 million, reducing the workforce by 48% during the year.
Positive Market Trends
Lithium demand growth with 7 consecutive months of more than 1 million EVs sold, and a 46% year-over-year increase in ESS battery production.
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AU:PLL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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AU:PLL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | AU$0.18 | AU$0.20 | +5.41% |
| Aug 08, 2024 | AU$0.14 | AU$0.14 | -3.57% |
| May 09, 2024 | AU$0.20 | AU$0.20 | 0.00% |
| Feb 22, 2024 | AU$0.22 | AU$0.20 | -9.09% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Piedmont Lithium (AU:PLL) report earnings?
Piedmont Lithium (AU:PLL) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.
What is Piedmont Lithium (AU:PLL) earnings time?
Piedmont Lithium (AU:PLL) earnings time is at Feb 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Piedmont Lithium stock?
The P/E ratio of Piedmont Lithium is N/A.
What is AU:PLL EPS forecast?
AU:PLL EPS forecast for the fiscal quarter 2024 (Q4) is >-0.01.
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