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Piedmont Lithium Ltd (PLL)
:PLL
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Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.43Last Year’s EPS
-1.23Same Quarter Last Year
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Sep 30, 2020
|% Change Since: -29.27%
|Next Earnings Date:Mar 09, 2020
Earnings Call Sentiment|Neutral
The earnings call presented a mix of strong operational performance and strategic progress, tempered by financial challenges due to market conditions and lower lithium prices. There is optimism for future growth and recovery in the lithium market, with strategic initiatives in place to enhance profitability and project development.Company Guidance
During the Q3 2024 earnings call, Piedmont Lithium provided guidance highlighting several key metrics and strategic achievements. The company reported shipping approximately 31,500 dry metric tons of spodumene concentrate, doubling the previous quarter's volume, and achieving a realized price of $878 per metric ton, equating to $976 on an SC6 equivalent basis. Despite a GAAP net loss of $16.7 million, Piedmont improved profitability per ton through strategic hedging and shipment consolidation, achieving a record quarterly delivery. North American Lithium set production records, producing over 52,000 dry metric tons, a 5% increase quarter-over-quarter, and reduced unit operating costs by 11%. The company also focused on cost management, achieving $14 million in annual cash cost savings, exceeding their $10 million target, and reduced workforce by 48% in 2024. Looking forward, Piedmont adjusted its full-year shipment outlook to a range of 102,000 to 116,000 dry metric tons, with expectations to capitalize on deferred shipments in 2025, and projected minimal capital expenditures and joint venture investments for the remainder of 2024.Record Quarter of Customer Deliveries
Piedmont Lithium executed a record quarter of customer deliveries, improving profitability per ton and achieving one of the best realized prices in the industry through hedging and cost-efficient shipment strategies.
North American Lithium Production Records
North American Lithium achieved quarterly production records, reduced unit operating costs, and maintained a 67% recovery rate.
Improved Cash Position
Piedmont Lithium improved its cash position to $64.4 million from $59 million in the previous quarter, supported by a working capital credit facility.
Cost Savings Plan Exceeded Targets
The company achieved $14 million in annual cash cost savings, surpassing the initial $10 million target, with significant reductions in workforce and operating costs.
Strategic Project Developments
The Ewoyaa project in Ghana received major regulatory permits, and Carolina Lithium benefited from favorable U.S. Treasury guidance, enhancing project economics.
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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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PLL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | $12.95 | $13.35 | +3.09% |
| Aug 08, 2024 | $8.95 | $8.79 | -1.79% |
| May 09, 2024 | $13.12 | $13.40 | +2.13% |
| Feb 22, 2024 | $13.82 | $12.34 | -10.71% |
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 Ltd (PLL) report earnings?
Piedmont Lithium Ltd (PLL) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.
What is Piedmont Lithium Ltd (PLL) earnings time?
Piedmont Lithium Ltd (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 PLL EPS forecast?
PLL EPS forecast for the fiscal quarter 2024 (Q4) is -0.43.
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