Livent Corp.
livent.comNo Longer Reporting
The company has not filed an annual or quarterly report since its Q3 FY2023 10-Q, filed Nov 9, 2023. Its latest SEC filing is a SC 13G/A from Nov 8, 2024.
10-Q for Q3 FY2023, filed Nov 9, 2023
The sections below describe the company as of the FY2022 annual report.
What Did They Do?
Sells battery-grade lithium hydroxide for electric-vehicle batteries, plus butyllithium and specialty lithium compounds to battery makers, polymer producers and pharmaceutical manufacturers.
10-K for FY2022, filed Feb 24, 2023We are a pure-play, fully integrated lithium company, with a long, proven history of producing performance lithium compounds. Our primary…View ↗
We produce lithium compounds for use in applications that have specific and constantly changing performance requirements, including…View ↗
Our lithium products are developed and sold to global and regional customers in the EV, electronics, agrochemicals, pharmaceuticals…View ↗
We believe that we have earned a reputation as a leading supplier in the markets we serve, based on the performance of our products in our…View ↗
How Did They Make Money?
Customers are invoiced at the agreed price when goods transfer, with payment terms generally ranging from 30 to 180 days. A customer also made an advance payment under a long-term lithium hydroxide supply agreement, with sales tied to deliveries.
10-K for FY2022, filed Feb 24, 2023
$813.2M
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10-K for FY2022, filed Feb 25, 2023
$813.2M ↗
Who Were Their Customers?
Livent sells lithium products to customers in battery and electronics, chemical and pharmaceutical, and polymer and specialty-metals markets worldwide. It works with customers to tailor products to application and performance needs.
10-K for FY2022, filed Feb 24, 2023
10-K for FY2022, filed Feb 24, 2023
For the years ended December 31, 2022, 2021 and 2020, one customer accounted for approximately 24%, 31% and 26% of total revenue…View ↗
Did Revenues Turn Into Profits?
Yes. It kept 34 cents of every revenue dollar as net income in FY2022 and turned 14 cents into free cash flow.
10-K for FY2022, filed Feb 25, 2023
$328.4MView ↗
10-K for FY2022, filed Feb 25, 2023
$273.5MView ↗
10-K for FY2022, filed Feb 25, 2023
$117.8MView ↗
How Were They Changing?
- Net income
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Sources
10-Q for Q3 FY2023, filed Nov 10, 2023
$87.4MView ↗
- ▲ +13%
- vs $77.6M in Q3 FY2022
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Jan 4, 2024
Livent became an indirect wholly owned subsidiary of Arcadium
Livent shares were suspended and delisted from the New York Stock Exchange after the merger.
Sources
8-K, filed Jan 4, 2024
Prior to the implementation of the scheme and the merger, Livent Shares were registered pursuant to Section 12(b) of the Exchange Act and…View ↗
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Oct 31, 2023
Cut 2023 revenue and adjusted EBITDA guidance
Revised ranges were $890 million to $940 million in revenue and $500 million to $530 million in adjusted EBITDA.
Sources
8-K, filed Oct 31, 2023
Livent has revised its guidance for full year 2023 financial performance and still expects significant year-over-year growth following…View ↗
Grew. Revenue grew 84% in 4 years, from $442.5M in FY2018 to $813.2M in FY2022, about 16% a year.
Broader battery markets
The older report framed the battery opportunity around electric vehicles; the latest also names broader energy-storage battery markets for Livent's lithium compounds.
10-K for FY2019, filed Feb 28, 2020 10-K for FY2022, filed Feb 24, 2023We are a pure-play, fully integrated lithium company, with a long, proven history of producing performance lithium compounds. Our primary…View ↗
We are a pure-play, fully integrated lithium company, with a long, proven history of producing performance lithium compounds. Our primary…View ↗
Who Did They Compete With?
Competes with Albemarle and Ganfeng Lithium
10-K for FY2022, filed Feb 24, 2023We compete by providing advanced technology, high product quality, reliability, quality customer and technical service, and by operating in…View ↗
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