Livent Corporation (LTHM) Misses Q4 EPS by 3c, Revenues Miss; Offers FY21 Revenue Guidance

February 18, 2021 4:46 PM EST

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Livent Corporation (NYSE: LTHM) reported Q4 EPS of ($0.02), $0.03 worse than the analyst estimate of $0.01. Revenue for the quarter came in at $82.2 million versus the consensus estimate of $82.99 million.

"This key partnership with the BMW Group will help secure long-term lithium supply for its electric vehicle fleet," said Paul Graves, president and chief executive officer of Livent. "Multi-year, multi-application agreements with premier OEMs, like BMW Group, reflect Livent's position as a global leader in the lithium industry with a differentiated product offering, proven track record and sustainability profile."


Livent Corporation sees FY2021 revenue of $335-365 million, versus the consensus of $350.15 million.

For full year 2021, Livent expects revenue to be in the range of $335 million to $365 million and Adjusted EBITDA to be in the range of $40 million to $60 million, based on higher volumes and slightly lower average pricing across its lithium products. Livent also expects lower costs in 2021, driven in part by reduced third-party carbonate usage. Livent continues to evaluate the timing of the restart of its capital expansion plans.

"We are encouraged by the strong growth in electric vehicle sales in 2020, setting record highs despite significant COVID-19 related disruption to global supply chains and the end-consumer," continued Graves. "We expect the positive lithium market conditions that started to appear in the fourth quarter will continue in 2021. The extent of demand growth for lithium over the coming years is becoming more certain, behind the increasing support for electrification from OEMs, governments and consumers alike. Given Livent's differentiated position and global capabilities, we believe we will continue to be a partner of choice and are well positioned to take advantage of this opportunity for years to come."

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

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