Following the fiscal 2021 results, Livent Corp. (LTHM) rebounded in the after-hours on Thursday, February 17, 2022.
During the regular trading session, the stock fluctuated between a high of $24.39 and a low of $21.96. LTHM closed the session in the red with a huge loss of 11.68% at $22.15. The day’s volume remained above average at 7.17 million, 276% of the average. Following the announcement, LTHM rebounded in the after-hours to reach a value of $24.24 per share. Hence, the stock increased by 9.44% or $2.09 per share in the after-hours on Thursday.
The performance lithium compounds producer, Livent Corp. has a market capitalization of $4.05 billion. LTHM stock stands at a year-to-date loss of 9.15% while it added 8.79% last year.
LTHM’s Q4 2021
For Q4 2021, the company reported revenue of $122.9 million, marking an increase of 19% sequentially and 50% YOY.
Moreover, the GAAP net income in Q4 2021 was $7.5 million or $0.04 on a diluted share basis. Thus, the adjusted EPS was $0.08 per diluted share.
Additionally, LTHM had adjusted EBITDA of $27.5 million in Q4 2021.
Full-Year 2021
For the full year 2021, the revenue was $420.4 million with an increase of 46% YOY.
Furthermore, the GAAP net income in fiscal 2021 was $0.6 million or $0.0 on a diluted share basis. The adjusted EPS on a diluted share basis was $0.18 for fiscal 2021.
In addition, the company reported an adjusted EBITDA of $69.5 million for fiscal 2021.
LTHM’s 2022 Outlook
The company expects revenue between $540 and $600 million for fiscal 2022 with a growth of 28%-43% YOY. LTHM expected adjusted EBITDA for fiscal 2022 between $160 and $200 million with an increase of 130%-188% YOY.
Recent Developments
On February 15, the company announced the initiation of voluntary third-party assessment at Salar del Hombre Muerto, Catamarca, Argentina. The company is evaluating its brine-based lithium extraction and manufacturing operations in its Fenix site. This independent evaluation is the next step in the multi-stage review against IRMA Standard for Responsible Mining.
The Initiative for Responsible Mining Assurance (IRMA) Standard is considered the most comprehensive and rigorous set of requirements for mining industries.
On January 27, LTHM announced receiving 2021 Gold status for sustainability performance from EcoVadis for the second consecutive year.
Conclusion
In conclusion, the better-than-expected results impressed the investors greatly. Therefore, the stock entered an uptrend in the after-hours on Thursday.
