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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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Livent Corporation (NYSE: LTHM) will release its fourth quarter 2020 earnings on February 18, 2021, after market close, via PR Newswire. Following this, the company will host a webcast conference call at 5:00 p.m. ET on the same day, accessible to the public. A replay will be available until March 4, 2021. Livent has developed a strong reputation in producing high-quality lithium compounds, supporting the green energy sector and modern mobility.
Livent Corporation (NYSE: LTHM) has announced that its 2021 Annual Meeting of Stockholders will take place via live webcast on April 29, 2021, at 2:00 p.m. E.T. Instructions to access the webcast will be provided on the company's Investor Relations website. Livent emphasizes its commitment to safely and sustainably utilize lithium, boasting a broad product portfolio that caters to the growing demand for lithium in various sectors, including green energy and modern mobility. The company operates globally with manufacturing facilities in multiple countries.
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Livent Corporation (NYSE: LTHM) reported Q3 2020 revenue of $72.6 million with a GAAP net loss of $11.8 million or 8 cents per diluted share. Adjusted EBITDA was $0.9 million. Despite higher lithium hydroxide volumes, costs surged due to third-party carbonate usage and COVID-19 disruptions. Livent announced its court-approved acquisition of New Nemaska in partnership with The Pallinghurst Group, enhancing its lithium supply capabilities. Additionally, it extended its lithium hydroxide supply agreement with Tesla into 2021. The company aims for carbon neutrality by 2040.
