SPX4,274.04-31.16 -0.72%
DIA340.20-1.54 -0.45%
IXIC12,938.12-164.43 -1.25%

BRIEF-AMG Q2 EBITDA Up 158% At $81.1 Million

BRIEF-AMG Q2 EBITDA Up 158% At $81.1 Million

Reuters · 07/28/2022 07:24
BRIEF-AMG Q2 EBITDA Up 158% At $81.1 Million

- AMG Advanced Metallurgical Group NV AMVMF:

  • AMG ADVANCED METALLURGICAL GROUP N.V. REPORTS RECORD EARNINGS FOR SECOND QUARTER 2022

  • Q2 REVENUE ROSE 42 PERCENT TO $424.1 MILLION

  • EBITDA WAS $81.1 MILLION IN Q2 OF 2022, UP 158% VERSUS Q2 2021

  • AMG'S LIQUIDITY AS OF JUNE 30, 2022, WAS $476 MILLION, WITH $301 MILLION OF UNRESTRICTED CASH AND $175 MILLION OF REVOLVING CREDIT AVAILABILITY

  • NET INCOME TO SHAREHOLDERS FOR Q2 OF 2022 WAS $29.6 MILLION, YIELDING 91 CENTS DILUTED EARNINGS PER SHARE

  • ANNUALIZED RETURN ON CAPITAL EMPLOYED WAS 25.5% FOR FIRST SIX MONTHS OF 2022, MORE THAN DOUBLE 10.0% FOR SAME PERIOD IN 2021

  • EBITDA WAS $81.1 MILLION IN Q2 OF 2022, UP 158% VERSUS Q2 2021 EBITDA OF $31.4 MILLION

  • AMG DECLARES AN INTERIM DIVIDEND OF €0.30 PER ORDINARY SHARE, TO BE PAID IN THE THIRD QUARTER OF 2022

  • AMG IS INCREASING ITS EBITDA GUIDANCE FOR FULL YEAR 2022 TO A RANGE OF BETWEEN $280 MILLION AND $300 MILLION

  • REVENUE INCREASED BY 42% TO $424.1 MILLION IN THE SECOND QUARTER OF 2022 FROM $298.4 MILLION IN THE SECOND QUARTER OF 2021

  • INCREASING EBITDA GUIDANCE RANGE IS SUPPORTED BY AMG'S GEOGRAPHIC DIVERSIFICATION, STRENGTH OF GLOBAL LITHIUM MARKET

  • PROJECT TO EXPAND SPODUMENE PRODUCTION IN AMG BRAZIL ON TIME, ON BUDGET ; TO BE IN FULL PRODUCTION IN H2 OF 2023 OR EARLIER


Source text for Eikon: ID:

Further company coverage: AMVMF


(Gdansk Newsroom)

((gdansk.@thomsonreuters.com; +48 58 769 66 00;))