MP Materials reports Q4 EPS 42c, consensus 17c

Reports Q4 revenue $93.2M, consensus $82.6M. In FY22, the company "sold a record 43,198 metric tons of REO, generating record revenue of $527.5M, up 59% year-over-year". CEO James H. Litinsky said: "The MP team executed really well in 2022. Stage I operations again set records for production and sales volumes, we began commissioning Stage II assets, and we made substantial progress in our Stage III magnetics business. In addition, we achieved record financial results and positive free cash flow, even as we made significant growth investments throughout the year."