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Sherritt Int'l Corp (TSE:S)
TSX:S
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Earnings Data
Report Date
Feb 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.01Last Year’s EPS
-0.07Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2018
|% Change Since: 0.00%
|Next Earnings Date:Jul 31, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a mixed but cautiously optimistic outlook. Despite significant declines in nickel and cobalt prices affecting revenue, Sherritt demonstrated strong operational performance, cost reductions, and increased liquidity. However, market oversupply and pricing challenges remain significant obstacles.Company Guidance
During Sherritt International Corporation's Q3 2024 Results Conference Call, the company highlighted several key metrics reflecting operational and financial performance amidst challenging market conditions. Despite a 12% decrease in nickel prices and cobalt prices reaching their lowest since 2016, Sherritt reported strong production figures, including a 24% year-over-year increase in finished nickel sales and a 46% increase in fertilizer sales. The company's net direct cash costs (NDCC) were reduced by nearly 30% year-over-year to US$5.16 per pound, aligning with their yearly guidance. Available liquidity in Canada increased by 28% during the quarter, fueled by robust fertilizer sales and presales. Additionally, the Power division achieved a 21% year-over-year increase in power generation and sales volumes, partly due to the completion of a new gas well. Financial performance was bolstered by a $10.5 million adjusted EBITDA, primarily driven by reduced mining, processing, and refining costs, despite a challenging pricing environment. Looking ahead, Sherritt aims to maximize cash flows from inventory sales to potentially meet their Cobalt Swap agreement distributions of approximately $50 million, dependent on market conditions and liquidity within the Moa joint venture.Operational Excellence Amid Challenging Market Conditions
Despite a challenging market, Sherritt delivered strong production of mixed sulphides, finished nickel, cobalt, and fertilizers. NDCC declined to US$5.16 per pound, the best in two years. Power division achieved a nine-year high in electricity production.
Increased Liquidity
Available liquidity in Canada increased by 28% during the quarter due to strong operating performance, particularly at the port side.
Fertilizer Sales Surge
Fertilizer production and sales increased, with sales up by 46% year-over-year due to higher production availability and improvements.
Cost Reductions and Efficiency Improvements
Mining, processing, and refining costs per pound of nickel sold decreased by 19%, contributing to a 30% reduction in NDCC year-over-year.
Successful Completion of Maintenance and Expansion Initiatives
Completed planned maintenance and a new gas well, supporting increased power generation. Phase 2 of the Moa JV expansion is on track for 2025 commissioning.
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TSE:S 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:S Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | C$0.19 | C$0.19 | 0.00% |
| Jul 29, 2024 | C$0.23 | C$0.22 | -4.35% |
| May 08, 2024 | C$0.33 | C$0.32 | -3.03% |
| Feb 07, 2024 | C$0.29 | C$0.28 | -3.45% |
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 Sherritt Int'l Corp (TSE:S) report earnings?
Sherritt Int'l Corp (TSE:S) is schdueled to report earning on Feb 05, 2025, TBA Not Confirmed.
What is Sherritt Int'l Corp (TSE:S) earnings time?
Sherritt Int'l Corp (TSE:S) earnings time is at Feb 05, 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:S EPS forecast?
TSE:S EPS forecast for the fiscal quarter 2024 (Q4) is -0.01.
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