MP Materials (MP) Tops Q4 EPS by 26c
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MP Materials Reports Fourth Quarter and Full Year 2022 Results
February 23, 2023 4:05 PM ESTQuarterly production and sales volumes climbed 2% and 12% year-over-year, respectively
2022 production of 42,499 metric tons represents highest annual primary rare earth production in U.S. history
Generated $527.5 million of revenue in 2022, an increase of 59%
Increased annual net income 114% to $289.0 million and Adjusted EBITDA 77% to $388.6 million
Commissioning of Stage II assets underway
Signed distribution agreement with Sumitomo Corporation providing access to Japanese customers
LAS VEGAS--(BUSINESS WIRE)-- MP Materials Corp. (NYSE: MP) (MP... More
