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Livent Corporation (NYSE: LTHM) reported strong second-quarter 2021 results, with revenue of $102.2 million, marking an 11% increase from Q1 and a 57% rise year-over-year. GAAP net income was $6.5 million, or 3 cents per diluted share. The company's recent $262 million equity issuance will fund lithium capacity expansions, particularly in Argentina. Livent has raised its full-year guidance for revenue to $370-390 million and adjusted EBITDA to $55-70 million, reflecting positive lithium market conditions.
Livent Corporation (NYSE: LTHM) will release its Q2 2021 earnings on August 5, 2021, after market close. The announcement will be made via PR Newswire and the company's website. Additionally, a webcast conference call will take place at 5:00 p.m. ET on the same day, allowing public participation through internet broadcast. The call's replay will be available until August 19, 2021. Livent specializes in producing high-quality lithium compounds, supporting the growing demand for lithium across various industries.
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Livent Corporation (NYSE: LTHM) has priced its public offering of 13 million shares of common stock at $17.50 per share, expecting net proceeds of approximately $219.4 million. If the underwriters fully exercise their option to purchase additional shares, proceeds could increase to $252.4 million. The offering closes on June 15, 2021, and the funds will be allocated for lithium capacity expansion, growth capital expenditures, and debt repayment. Goldman Sachs and J.P. Morgan are leading the offering.
Livent Corporation (NYSE: LTHM) announced a public offering of 12,500,000 shares of its common stock, with a 30-day option for underwriters to purchase an additional 1,875,000 shares. The proceeds will primarily fund lithium capacity expansion and repay debts. Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC are the joint book-running managers for this offering. Livent aims to strengthen its position in the lithium market and support growth in response to the increasing demand for electric vehicles and green energy.
Livent Corporation (NYSE: LTHM) announced that CEO Paul Graves will speak at the Goldman Sachs Industrials & Materials Conference on May 13, 2021, at 1:50 p.m. EDT. The conference will be held virtually, and live access will be available on the Livent Investor Relations website. A replay of the event will also be accessible later. Livent is recognized for its sustainable lithium production, catering to various industries, including green energy and modern mobility. For more details, visit Livent.com.
Livent Corporation (NYSE: LTHM) reported a revenue of $91.7 million for Q1 2021, a 12% increase from Q4 2020, despite a GAAP net loss of $0.8 million. Adjusted EBITDA surged to $11.1 million, up 98% quarter-over-quarter, with adjusted EPS at 2 cents. The company has resumed its expansion projects in Argentina and the U.S. and anticipates 2021 performance at the higher end of guidance, targeting revenue between $335 million to $365 million. Livent plans a total capital expenditure of $125 million for expansion activities.
Livent Corporation (NYSE: LTHM) announced the release date for its first quarter 2021 earnings on May 3, 2021, after market close. A webcast conference call will follow at 5:00 p.m. ET on the same day, open to the public. The earnings report will be accessible via Livent's website and PR Newswire. A replay of the conference call will be available until May 17, 2021. Livent specializes in producing high-quality finished lithium compounds, supporting demands in the green energy sector.
Livent Corporation (NYSE: LTHM) reported a fourth-quarter revenue of $82.2 million, marking a 13% sequential increase due to higher sales volumes and improved pricing. Despite a GAAP net loss of $5 million for the quarter, adjustments showed positive trends with an Adjusted EBITDA of $5.6 million. The company announced a multi-year supply agreement with BMW Group for lithium products, aiming to support electric vehicle production. Livent anticipates full-year 2021 revenue between $335 million and $365 million, driven by market growth and reduced costs.
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