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.
Valuation is complex, but we're here to simplify it.
Discover if Arcadium Lithium might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
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