Earnings release
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Livent News Release Livent Corporation 1818 Market Street , Suite 2550 Philadelphia , PA 19103 USA 215.299.5900 livent.com Media contact : Juan Carlos Cruz +1.215.299.6725 juan.carlos.cruz@livent.com Investor contact : Daniel Rosen +1.215.299.6208 daniel.rosen@livent.com LIVENT RELEASES THIRD QUARTER 2021 RESULTS -- -- Strong Market Conditions Drove Higher Pricing and Demand -- Logistics Disruptions Continue to Impact Lithium Supply Chains - Carbonate and Hydroxide Expansions Remain on Track - -- Increasing Full Year Guidance -- -- -- -- PHILADELPHIA , November 4 , 2021 - Livent Corporation ( NYSE : LTHM ) today reported results for the third quarter of 2021 . Revenue was $ 103.6 million , up 1 % from the second quarter of 2021 and 43 % higher versus the prior year . Reported GAAP net loss was $ 12.6 million , or a loss of 8 cents per diluted share . Adjusted EBITDA was $ 14.9 million and adjusted earnings per share were 3 cents per diluted share . Third quarter performance was in line with the second quarter . Continued improvement in market conditions supported higher pricing and demand . Higher realized prices were offset by higher costs and the impact of global supply chain disruptions . By the end of the third quarter , a large portion of Livent's 2021 volume commitments to customers , where pricing was set in 2020 or earlier , had been fulfilled , increasing Livent's ability to take advantage of higher prices in the remainder of the year . " The strong growth in lithium demand that we saw in the first half of 2021 shows no signs of abating . Published and contracted prices for lithium in all forms pushed even higher in the third quarter , driven by multiple factors , " said Paul Graves , president and chief executive officer of Livent .