Livent Corporation (LTHM) Tops Q1 EPS by 1c, Revenues Beat; Reaffirms FY21 Revenues Outlook

Livent Corporation (NYSE: LTHM) reported Q1 EPS of $0.02, $0.01 better than the analyst estimate of $0.01. Revenue for the quarter came in at $91.7 million versus the consensus estimate of $82.13 million.

"The positive lithium market conditions that began in the fourth quarter of last year have continued in 2021 and electric vehicle sales remain strong despite ongoing supply chain disruptions," said Paul Graves, president and chief executive officer of Livent. "We are becoming increasingly confident in the trajectory of lithium demand growth over the coming years behind the increasing support for electrification from OEMs, governments and consumers alike. At Livent, we are focused on executing on our expansion plans as we continue to build upon our low cost and sustainable operations, and our position as a partner of choice to leading auto OEM and battery producers."

GUIDANCE:

Livent Corporation sees FY2021 revenue of $335-365 million, versus the consensus of $352.85 million.

For full year 2021, Livent expects performance to be at the higher end of its guidance ranges as market conditions continue to improve. Guidance for revenue is in the range of $335 million to $365 million and Adjusted EBITDA is the range of $40 million to $60 million. Based on the resumption of its expansion plans, Livent 2021 total capital spending is expected to be $125 million. Adjusted cash from operations for the full year 2021 is projected to be in the range of $45 million to $65 million.

For earnings history and earnings-related data on Livent Corporation (LTHM) click here.

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