Earnings release
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SQM Solutions for human progress For Immediate Release SQM REPORTS EARNINGS FOR THE TWELVE MONTHS ENDED DECEMBER 31 , 2020 Highlights SQM reported net income ( 1 ) for the twelve months ended December 31 , 2020 of US $ 164.5 million . • Revenues during 2020 were US $ 1,817.2 million . • SQM will hold a conference call to discuss these results on Thursday , March 4 at 10:00 am ET ( 12:00 pm Chile time ) . Participant Dial - In ( Toll Free ) : Participant International Dial - In : 1-855-238-1018 1-412-542-4107 Webcast : https://services.choruscall.com/links/sqm210304.html Santiago , Chile . March 3 , 2021.- Sociedad Química y Minera de Chile S.A. ( SQM ) ( NYSE : SQM ; Santiago Stock Exchange : SQM - B , SQM - A ) today reported net income for the twelve months ended December 31 , 2020 of US $ 164.5 million ( US $ 0.63 per ADR ) , a decrease from US $ 278.1 million ( US $ 1.06 per ADR ) reported for the twelve months ended December 31 , 2019. The net income was affected by a settlement fee related to a class action lawsuit against the Company in the United States which had a one - time , before- tax effect of US $ 62.5 million . Gross profit reached US $ 482.9 million ( 26.6 % of revenues ) for the twelve months ended December 31 , 2020 , lower than US $ 560.1 million ( 28.8 % of revenues ) recorded for the twelve months ended December 31 , 2019. Revenues totaled US $ 1,817.2 million for the twelve months ended December 31 , 2020 , representing a decrease of 6.5 % compared to US $ 1,943.7 million reported for the twelve months ended December 31 , 2019 . The Company also announced earnings for the fourth quarter of 2020 , reporting net income of US $ 67.0 million ( US $ 0.25 per ADR ) compared to US $ 66.9 million ( US $ 0.25 per ADR ) for the fourth quarter of 2019 . Gross profit for the fourth quarter of 2020 reached US $ 132.5 million ; approximately 3.9 % lower than the US $ 137.8 million recorded for the fourth quarter of 2019. Revenues for the fourth quarter of 2020 totaled US $ 513.8 million , an increase of approximately 8.8 % compared to the fourth quarter of 2019 , when revenues amounted to US $ 472.2 million . SQM S.A. 4Q20 Earnings Release 1