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Livent Corporation (NYSE: LTHM) has announced its upcoming third quarter 2022 earnings release on November 1, 2022, post-market close. The earnings report will be available via PR Newswire and the company's website. A subsequent webcast conference call is scheduled for the same day at 4:30 p.m. ET, accessible to the public via internet broadcast and phone. A replay of the call will be available until November 15, 2022. Livent specializes in high-quality lithium compounds, essential for green energy and modern mobility.
Livent Corporation (NYSE: LTHM) announced that CFO Gilberto Antoniazzi will speak at Cowen's 15th Annual Global Transportation & Sustainable Mobility Conference on September 7, 2022, at 1:40 p.m. ET. This virtual event highlights Livent's commitment to sustainable lithium production, meeting the rising demand for green energy and modern mobility solutions. Investors can access the live event on Livent's Investor Relations website. A replay will be available for 90 days following the conference.
Livent Corporation (NYSE: LTHM) reported robust second-quarter results for 2022, with revenue reaching $218.7 million, up 52% from Q1 and 114% year-over-year. GAAP net income was $60.0 million, a 13% increase from the previous quarter. Adjusted EBITDA soared to $95.0 million, marking a 78% quarter-over-quarter rise. A long-term supply agreement with General Motors, worth $198 million, secures lithium hydroxide delivery from 2025. Livent also raised its 2022 guidance, projecting revenue between $800 million and $860 million, and adjusted EBITDA of $325 million to $375 million.
Livent and General Motors have announced a significant long-term agreement for Livent to supply battery-grade lithium hydroxide for GM's electric vehicles, made from lithium primarily sourced from South America. This multi-year contract, starting in 2025, aims to transition 100% of lithium hydroxide processing for GM to North America, supporting GM's goal of producing 1 million EVs by the end of 2025. Both companies emphasize their commitment to responsible sourcing and sustainability, with Livent also focusing on expanding its North American capabilities.
Livent Corporation (NYSE: LTHM) will release its second quarter 2022 earnings on August 2, 2022, after market close. A conference call will follow at 4:30 p.m. ET, available via internet broadcast. Interested parties can join by dialing (888) 330-2454 for U.S./Canada or (240) 789-2714 for international access, using Conference ID # 4348515. A replay will be available until August 16, 2022. Livent remains a key player in producing high-quality lithium compounds, crucial for various industries, including green energy and modern mobility.
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Livent Corporation (NYSE: LTHM) reported a strong first quarter in 2022, with revenues of $143.5 million, a 56% increase year-over-year, and adjusted EBITDA of $53.3 million, up 94% from Q4 2021. The company has significantly raised its full-year revenue guidance to a range of $755 million to $835 million, marking an anticipated 89% growth. Livent also plans multiple capacity expansions for lithium carbonate and hydroxide, aiming for a total hydroxide capacity of at least 55,000 metric tons by 2025. Additionally, Livent will double its stake in Nemaska Lithium Inc.
Livent Corporation (NYSE: LTHM) announced it will double its stake in Nemaska Lithium Inc. to 50% through an all-share transaction, issuing 17.5 million shares to The Pallinghurst Group. This move positions Livent to solidify its influence in the strategic lithium market, aimed at meeting the growing demand in North America and Europe. The project is set to have a capacity of 34,000 metric tons of battery-grade lithium hydroxide, with expectations for first production in 2025. Livent will reveal more details during its earnings call on May 3, 2022.
Livent Corporation (NYSE: LTHM) announced it will release its Q1 2022 earnings on May 3, 2022, after market close. This will be followed by a webcast conference call at 4:30 p.m. ET on the same day, accessible via the company’s website. A replay of the call will be available until May 17, 2022. Livent has nearly 80 years of experience in sustainably producing lithium compounds and operates manufacturing sites globally.
Livent Corporation (NYSE: LTHM) announced that CFO Gilberto Antoniazzi will present at the Raymond James 43rd Institutional Investors Conference on March 7, 2022, at 8:05 a.m. ET in Orlando. The presentation will be accessible live via the Livent Investor Relations website, with a replay available afterwards. Livent focuses on producing high-quality lithium compounds to meet the increasing demand for lithium in sectors such as green energy and modern mobility. The company operates globally with approximately 1,100 employees across multiple countries.