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Neo Performance Materials (TSE:NEO)
:NEO
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Earnings Data
Report Date
Mar 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.09Last Year’s EPS
0.03Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 14, 2018
|% Change Since: -2.55%
|Next Earnings Date:Aug 13, 2018
Earnings Call Sentiment|Neutral
The earnings call highlighted strong financial performance and strategic growth initiatives, particularly in the Magnequench and Rare Metals segments, alongside increased EBITDA outlooks. However, it balanced this with challenges in the C&O segment, automotive demand softness, and ongoing exposure to rare earth price volatility.Company Guidance
During Neo Performance Materials Inc.'s Q3 2024 earnings call, the company provided an optimistic outlook, increasing the full-year 2024 adjusted EBITDA guidance from a range of $45 million to $50 million to a new range of $52 million to $55 million, and for 2025, from $53 million to $58 million. This improved guidance was accompanied by strong quarterly performance, with adjusted EBITDA reaching approximately $20 million, marking a 50% increase compared to the same quarter in 2023. The company reported significant growth in its Magnequench and Rare Metals segments, with 23% and 30% year-over-year increases, respectively. Despite challenges in the C&O segment due to lower rare earth prices, Neo's strategic divestitures, including the sale of three manufacturing facilities, are expected to generate over $30 million in cash and reduce business volatility. The company remains focused on enhancing operational efficiencies and pursuing growth opportunities, particularly in the European sintered magnet market and magnet assemblies.Strong Financial Performance
Adjusted EBITDA for Q3 2024 was approximately $20 million, a 50% increase compared to Q3 2023. Year-to-date adjusted EBITDA is approximately $44 million, a 28% increase over the prior year.
Growth in Core Segments
Magnequench segment grew by 23% and Rare Metals segment grew by 30% over the prior year.
Increased Full-Year Outlook
The full-year 2024 adjusted EBITDA outlook was increased from $45 million-$50 million to $52 million-$55 million.
Strategic Asset Sales
Sale of three manufacturing facilities expected to lower business volatility and improve geographic footprint, collecting more than $30 million in cash.
New Capital Projects
Opening of new auto catalyst manufacturing plant, NAMCO, and progress on sintered magnet manufacturing facility in Europe, both on track and on budget.
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TSE:NEO 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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TSE:NEO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 14, 2024 | C$7.85 | C$7.94 | +1.15% |
| Aug 09, 2024 | C$6.94 | C$6.76 | -2.59% |
| May 10, 2024 | C$5.59 | C$6.07 | +8.59% |
| Mar 15, 2024 | C$6.42 | C$5.89 | -8.26% |
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 Neo Performance Materials (TSE:NEO) report earnings?
Neo Performance Materials (TSE:NEO) is schdueled to report earning on Mar 13, 2025, TBA Not Confirmed.
What is Neo Performance Materials (TSE:NEO) earnings time?
Neo Performance Materials (TSE:NEO) earnings time is at Mar 13, 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 TSE:NEO EPS forecast?
TSE:NEO EPS forecast for the fiscal quarter 2024 (Q4) is 0.09.
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