Arcadium Lithium Second Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Arcadium Lithium (NYSE:ALTM) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$254.5m (up 7.9% from 2Q 2023).
• Net income: US$85.7m (down 5.0% from 2Q 2023).
• Profit margin: 34% (down from 38% in 2Q 2023). The decrease in margin was driven by higher expenses.
• EPS: US$0.08 (down from US$0.21 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Arcadium Lithium EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 6.2%. Earnings per share (EPS) exceeded analyst estimates by 48%.

Looking ahead, revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Chemicals industry in the US.

Performance of the American Chemicals industry.

The company's shares are down 16% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Arcadium Lithium (1 is a bit concerning) you should be aware of.

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