Arcadium Lithium reports Q1 adjusted EPS 6c, consensus 4c

Reports Q1 revenue $261M, consensus $284.62M. “Arcadium Lithium completed its Q1 as a combined company following merger close in early 2024 and we have taken initial steps that will allow us to deliver on the significant value of the combination,” said Paul Graves, president and CEO of Arcadium Lithium. “The Company achieved average realized pricing of over $20,000 per product metric ton for its combined hydroxide and carbonate volumes in the first quarter. Our multi-year customer relationships and wide range of high-quality lithium products allow us to reduce the overall volatility of our earnings while maximizing the value per unit of lithium sold. We see encouraging signs in the lithium market and underlying demand fundamentals remain very strong. Prices have increased from the cycle bottom and appear to have stabilized at levels that are notably higher than what we saw in the last downturn.”