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MarketScreener Homepage  >  Equities  >  Nyse  >  Livent Corporation    LTHM

LIVENT CORPORATION

(LTHM)
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Livent in MOU to Supply Lithium Hydroxide to LG

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11/05/2019 | 07:03pm EST

By Josh Beckerman

Livent Corp. (LTHM) said it reached a memorandum of understanding to supply lithium hydroxide to LG, starting in 2020.

Under the multiyear agreement, Livent would commit to "supply significant volumes of various specifications of lithium hydroxide to LG for multiple battery applications."

Livent also said its third-quarter revenue fell to $97 million from $112 million, as earnings per share fell to 12 cents from 24 cents.

Livent expects fourth-quarter revenue of $90 million to $100 million. The company said it plans to carry up to 4,000 metric tons of hydroxide inventory into 2020 to meet higher customer commitments.

The company expects hydroxide sales volumes of up to 26,000 metric tons next year.

Write to Josh Beckerman at josh.beckerman@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
LG CHEM LTD End-of-day quote.
LG ELECTRONICS INC. End-of-day quote.
LIVENT CORPORATION 0.57% 8.89 Delayed Quote.3.98%
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Financials (USD)
Sales 2019 387 M
EBIT 2019 75,8 M
Net income 2019 65,0 M
Debt 2019 142 M
Yield 2019 -
P/E ratio 2019 20,2x
P/E ratio 2020 17,7x
EV / Sales2019 3,72x
EV / Sales2020 3,28x
Capitalization 1 298 M
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Technical analysis trends LIVENT CORPORATION
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 13
Average target price 9,18  $
Last Close Price 8,89  $
Spread / Highest target 63,1%
Spread / Average Target 3,28%
Spread / Lowest Target -43,8%
EPS Revisions
Managers
NameTitle
Paul W. Graves President, Chief Executive Officer & Director
Pierre R. Brondeau Chairman
Barbara Ann Fochtman Head-Manufacturing & Operations
Gilberto Antoniazzi Chief Financial Officer & Vice President
Robert C. Pallash Independent Director
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