christo1 schreef op 2 mei 2024 08:34:
[...]
Albemarble heeft een klein verlies geleden afgelopen kwartaal.
Ze hebben een scenario waarvan uitgaand van 3 soorten lithium prijzen, afgaande op de gegevens die huidig tellen zal het voorlopig het eerste scenario worden.
Net sales of $1.4 billion, driven by Energy Storage volume growth as projects ramp
Net income of $2 million, or ($0.08)(a) per diluted share attributable to common shareholdersAdjusted diluted EPS attributable to common shareholders of $0.26
Adjusted EBITDA(b) of $291 million
On track to deliver more than $280 million target in productivity benefits in 2024; in Q1, delivered over $90 million in productivity and restructuring cost savings
Conducted successful bidding events for spodumene concentrate and lithium carbonate, designed to promote price transparency and discovery
Achieved 50% operating rate milestone at Kemerton I; commissioning at Meishan and ramp of the Salar Yield Improvement Project continue to progress well
Reaffirmed FY 2024 corporate outlook considerations, including ranges based on lithium market price scenarios
(a)
After mandatory convertible preferred stock dividends
(b)
Beginning in 2024, Adjusted EBITDA definition includes Albemarle's share of the pre-tax earnings of the Talison joint venture
"In the first quarter, our team demonstrated agility in dynamic market conditions by continuing to deliver solid volumetric growth, ramping new conversion facilities, and executing cost reduction and productivity improvements," said Kent Masters, Albemarle's chairman and CEO. "We have strengthened our competitive position, enhanced our financial flexibility, and started to increase lithium market price transparency. Our actions best position us to serve our core end-markets today and for the future." Masters added, "We remain focused on disciplined capital allocation to deliver profitable organic growth and value for all stakeholders."
2024 Total Corporate Outlook Considerations
The company maintains its prior full-year outlook, which is based on three lithium market price scenarios.
Total Corporate FY 2024E
Including Energy Storage Scenarios
Observed market price case(a)
YE 2023
Q4 2023 average
H2 2023 average
Average lithium market price ($/kg LCE)(a)
~$15~$20
~$25
Net sales
$5.5 - $6.2 billion$6.1 - $6.8 billion
$6.9 - $7.6 billion
Adjusted EBITDA(b)(c)
$0.9 - $1.2 billion$1.6 - $1.8 billion
$2.3 - $2.6 billion
Mvg.