Netherlands' AMG Q3 revenue rises 8% on higher lithium and tantalum prices

AMG Critical Materials NV

Thu 22:01

Overview
Netherlands specialty metals supplier's Q3 revenue rose 8% yr/yr
Q3 adjusted EBITDA rose 22% yr/yr, driven by strong lithium and tantalum performance
Company raised 2026 adjusted EBITDA guidance to about $280 mln

Outlook
AMG raises 2026 adjusted EBITDA guidance to approximately $280 mln from $230-$250 mln
Company continues to expect positive free cash flow in 2026
Company sees improved lithium production and strong engineering backlog supporting outlook

Result Drivers
LITHIUM AND TANTALUM PRICES - Higher lithium and tantalum prices and increased sales volumes drove results in the lithium segment
LOWER PRODUCTION COSTS - Lithium segment benefited from lower production costs and higher sales volumes
VANADIUM AND CHROME VOLUMES - Higher volumes and prices in vanadium and chrome contributed to segment revenue growth

Company press release: ID:nGNE9TZGSZ

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$471.51 mln
$449 mln (1 Analyst)
Q3 EPS
 
$0.61
 
Q3 Gross Profit
 
$91.005 mln
 

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)