FY23 consensus $25.74. Cuts FY23 revenue view to $9.8B-$11.5B from $11.3B-$12.9B, consensus $11B. The company is revising full-year 2023 outlook to reflect current lithium market pricing. Net sales are expected to increase 35% to 55% over prior year, primarily driven by a continued global shift to electric vehicles. The year-over-year change in Adjusted EBITDA is expected to be in the range of (5%) to 15% as higher net sales are partially offset by timing impacts of higher priced inventories. The company expects to maintain positive free cash flow. The company’s capital expenditures are expected to be between $1.7 billion and $1.9 billion for 2023.
Published first on TheFly
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