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Piedmont Lithium Ltd (PLL)
NASDAQ:PLL
Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.41Last Year’s EPS
-1.23Same Quarter Last Year
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 20, 2025
|% Change Since: 3.66%
|Next Earnings Date:May 02, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted significant achievements such as record shipments, successful cost reductions, and strategic mergers. However, these were counterbalanced by challenges including net losses, negative cash flows, and market uncertainties impacting future prospects.Company Guidance
During the Q4 and full year 2024 earnings call for Piedmont Lithium, the company highlighted several key performance metrics and strategic developments. North American Lithium achieved strong operational results, producing nearly 51,000 tons in Q4 and over 190,000 tons for the full year 2024. The company recorded a cash operating cost of $709 per ton in Q4, marking a new low. Piedmont's shipments reached approximately 55,700 dry metric tons in Q4, contributing to a total of 117,000 dry metric tons for the year, both records for the company. Revenue for Q4 was $45.6 million, up from $27.7 million in the previous quarter, with a realized price of $818 per metric ton. Despite a GAAP net loss of $11.1 million for Q4, the company executed a cost savings plan, achieving $14 million in total annual savings. Looking forward, Piedmont expects to ship 113,000 to 130,000 dry metric tons in 2025 and plans to further reduce CapEx and joint venture investments significantly. The company also discussed its strategic merger with Sayona Mining, aiming to create the largest lithium producer in North America with anticipated synergies of $15 million to $20 million annually.Record Shipments and Revenue
Piedmont Lithium shipped approximately 55,700 dry metric tons in Q4, setting a quarterly record. The company also achieved a record for the full year with 117,000 dry metric tons shipped. Revenue for the quarter was $45.6 million, an increase from $27.7 million in the previous quarter.
Cost Reduction Success
The company successfully implemented a 2024 cost savings plan, achieving $14 million in annual run rate cost savings, surpassing the initial target of $10 million.
Strong Operational Performance
North American Lithium (NAL) achieved strong production metrics with nearly 51,000 tons produced in Q4 2024 and over 190,000 tons produced for the full year. Unit costs per ton declined by nearly 20% from the start of the year.
Permitting Progress
Piedmont received a Mine Operating Permit for the Ewoyaa Lithium Project from the Minerals Commission of Ghana, pending parliamentary ratification. The state mining permit for Carolina Lithium was also received, with optimism for air and water permits in 2025.
Merger with Sayona Mining
Piedmont announced a merger with Sayona Mining to create the largest current lithium producer in North America. The merger is expected to bring annual synergies of $15 million to $20 million.
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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 |
|---|---|---|---|
| Feb 20, 2025 | $8.20 | $8.50 | +3.66% |
| 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% |
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 20, 2025, TBA Not Confirmed.
What is Piedmont Lithium Ltd (PLL) earnings time?
Piedmont Lithium Ltd (PLL) earnings time is at Feb 20, 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 -0.41.
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