Arcadium Lithium PLC
NYSE:ALTM

  • LAST PRICE
    5.3600
  • TODAY'S CHANGE (%)
    -0.0200 (-0.3717%)
  • Bid / Lots
    5.3300/ 6
  • Ask / Lots
    5.3400/ 138
  • Open / Previous Close
    5.3700 / 5.3800
  • Day Range
    5.3300
    5.4150
  • 52 Week Range
    2.1940
    7.2700
  • Volume
    15,598,058

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  • Yesterday

  • Nov 7, 2024

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    • 4:05PM ET on Thursday Nov 07, 2024 by PR Newswire
      Companies Mentioned: ALTM

      Arcadium Lithium plc (NYSE: ALTM, ASX: LTM, "Arcadium Lithium"or the "Company") today reported results for the third quarter of 2024.

      https://mma.prnewswire.com/media/2310012/Arcadium_Lithium_Horizontal_Logo.jpg

    • 4:05PM ET on Thursday Nov 07, 2024 by Dow Jones
      Companies Mentioned: ALTM
      collateral or cash backing for guarantees primarily on Allkem debt facilities, including $23.3 million and $62.1 million at September 30, 2024 and December 31, 2023, respectively, in Other non-current assets in our condensed consolidated balance sheet. ARCADIUM LITHIUM PLC CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) -------------------------------------------------------------------------------------------- (in Millions) September 30, 2024 December 31, 2023 (1) ------------------------------------- -------------------------------- Cash and cash equivalents $ 137.9 $ 237.6 Trade receivables, net of allowance of approximately $0.1 in 2024 and $0.3 in 2023 90.2 106.7 Inventories 389.6 217.5 Other current assets 247.9 86.4 Total current assets 865.6 648.2 Investments 40.0 34.8 Property, plant and equipment, net of accumulated depreciation of $345.5 in 2024 and $269.1 in 2023 7,249.2 2,237.1 Right of use assets - operating leases, net 54.8 6.8 Goodwill 1,293.2 120.7 Other intangibles, net 64.2 53.4 Deferred income taxes 48.2 1.4 Other assets 389.4 127.7 ------------------------------------- -------------------------------- Total assets $ 10,004.6 $ 3,230.1 ===================================== ================================ Total current liabilities 735.3 268.6 Long-term debt 436.0 299.6 Contract liabilities - long-term 251.2 217.8 Other long-term liabilities 1,448.2 160.3 Total Arcadium Lithium plc shareholders' equity 6,296.1 1,784.2 Noncontrolling interests 837.8 499.6 ------------------------------------- -------------------------------- Total liabilities and equity $ 10,004.6 $ 3,230.1 ===================================== ================================ ___________________ 1. Represents the financial position of predecessor Livent as of December 31, 2023, which does not include the financial position of Allkem. ARCADIUM LITHIUM PLC CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) ---------------------------------------------------------------------------- Nine Months Ended September 30, ------------------------------------------------ (in Millions) 2024 2023 (1) ----------------------- ----------------------- Cash (used in)/provided by operating activities $ (158.9) $ 261.8 Cash used in investing activities (129.8) (315.5) Cash provided by/(used in) financing activities 203.1 (21.5) Effect of exchange rate changes on cash (14.1) (1.2) ----------------------- ----------------------- Decrease in cash and cash equivalents (99.7) (76.4) Cash and cash equivalents, beginning of period 237.6 189.0 ----------------------- ----------------------- Cash and cash equivalents, end of period $ 137.9 $ 112.6 ======================= ======================= ___________________ 1. Represents the results of predecessor Livent's operations for nine months ended September 30, 2023 which do not include the operations of Allkem. ARCADIUM LITHIUM PLC LONG-TERM DEBT (Unaudited) ---------------------------------------------------------------------------------------------------- Maturity September 30, December 31, Interest Rate Percentage Date 2024 2023 (1) ------------------------------- -------- --------------- ------------------- SOFR Base rate (in Millions) borrowings borrowings ---------- ---------- Revolving Credit Facility 6.70 % 8.75 % 2027 $ 99.0 $ -- 4.125% Convertible Senior Notes due 2025 4.125 % 2025 245.8 245.8 Transaction costs - 2025 Notes (1.2) (2.4) Nemaska - Prepayment agreement - tranche 1 (2) 8.9 % 75.0 75.0 Discount - Prepayment agreement (16.2) (19.8) Nemaska - Prepayment agreement - tranche 2 (2) 9.4 % 150.0 -- Discount - Prepayment agreement (47.5) -- Nemaska - Other 0.5 3.4 Debt assumed in Allkem Livent Merger (3) ------------------- Project Loan Facility - Stage 2 of Olaroz Plant 2.61 % 2029 135.0 -- Affiliate Loans with TTC 15.29 % 2030 81.5 -- Affiliate Loan with TLP 10.34 % 2026 2.5 -- --------------- ------------------- Total debt assumed in Allkem Livent Merger 219.0 -- --------------- ------------------- Subtotal long-term debt (including current maturities) 724.4 302.0 Less current maturities (288.4) (2.4) --------------- ------------------- Total long-term debt $ 436.0 $ 299.6 =============== =================== ________________________ 1. Represents the financial position of predecessor Livent as of December 31, 2023, which does not include the financial position of Allkem. 2. Represents advance payments in connection with customer supply agreement which do not have a contractual interest rate or bear any actual interest and are repayable in equal quarterly installments beginning in January 2027 and ending in October 2031. Represents U.S. GAAP imputed interest rate. 3. On September 10, 2024, SDJ paid the outstanding principal balance of $9.1 million to repay Stage 1 of the Olaroz Plan Project Loan Facility in its entirety. On May 30, 2024, SDV paid the outstanding principal balance of $47.0 million, a prepayment fee of $0.9 million and accrued interest and commitment fees of $1.3 million to repay the Project Financing Facility in its entirety.

    • 4:05PM ET on Thursday Nov 07, 2024 by Dow Jones
      Companies Mentioned: ALTM
      collateral or cash backing for guarantees primarily on Allkem debt facilities, including $23.3 million and $62.1 million at September 30, 2024 and December 31, 2023, respectively, in Other non-current assets in our condensed consolidated balance sheet. ARCADIUM LITHIUM PLC CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) -------------------------------------------------------------------------------------------- (in Millions) September 30, 2024 December 31, 2023 (1) ------------------------------------- -------------------------------- Cash and cash equivalents $ 137.9 $ 237.6 Trade receivables, net of allowance of approximately $0.1 in 2024 and $0.3 in 2023 90.2 106.7 Inventories 389.6 217.5 Other current assets 247.9 86.4 Total current assets 865.6 648.2 Investments 40.0 34.8 Property, plant and equipment, net of accumulated depreciation of $345.5 in 2024 and $269.1 in 2023 7,249.2 2,237.1 Right of use assets - operating leases, net 54.8 6.8 Goodwill 1,293.2 120.7 Other intangibles, net 64.2 53.4 Deferred income taxes 48.2 1.4 Other assets 389.4 127.7 ------------------------------------- -------------------------------- Total assets $ 10,004.6 $ 3,230.1 ===================================== ================================ Total current liabilities 735.3 268.6 Long-term debt 436.0 299.6 Contract liabilities - long-term 251.2 217.8 Other long-term liabilities 1,448.2 160.3 Total Arcadium Lithium plc shareholders' equity 6,296.1 1,784.2 Noncontrolling interests 837.8 499.6 ------------------------------------- -------------------------------- Total liabilities and equity $ 10,004.6 $ 3,230.1 ===================================== ================================ ___________________ 1. Represents the financial position of predecessor Livent as of December 31, 2023, which does not include the financial position of Allkem. ARCADIUM LITHIUM PLC CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) ---------------------------------------------------------------------------- Nine Months Ended September 30, ------------------------------------------------ (in Millions) 2024 2023 (1) ----------------------- ----------------------- Cash (used in)/provided by operating activities $ (158.9) $ 261.8 Cash used in investing activities (129.8) (315.5) Cash provided by/(used in) financing activities 203.1 (21.5) Effect of exchange rate changes on cash (14.1) (1.2) ----------------------- ----------------------- Decrease in cash and cash equivalents (99.7) (76.4) Cash and cash equivalents, beginning of period 237.6 189.0 ----------------------- ----------------------- Cash and cash equivalents, end of period $ 137.9 $ 112.6 ======================= ======================= ___________________ 1. Represents the results of predecessor Livent's operations for nine months ended September 30, 2023 which do not include the operations of Allkem. ARCADIUM LITHIUM PLC LONG-TERM DEBT (Unaudited) ---------------------------------------------------------------------------------------------------- Maturity September 30, December 31, Interest Rate Percentage Date 2024 2023 (1) ------------------------------- -------- --------------- ------------------- SOFR Base rate (in Millions) borrowings borrowings ---------- ---------- Revolving Credit Facility 6.70 % 8.75 % 2027 $ 99.0 $ -- 4.125% Convertible Senior Notes due 2025 4.125 % 2025 245.8 245.8 Transaction costs - 2025 Notes (1.2) (2.4) Nemaska - Prepayment agreement - tranche 1 (2) 8.9 % 75.0 75.0 Discount - Prepayment agreement (16.2) (19.8) Nemaska - Prepayment agreement - tranche 2 (2) 9.4 % 150.0 -- Discount - Prepayment agreement (47.5) -- Nemaska - Other 0.5 3.4 Debt assumed in Allkem Livent Merger (3) ------------------- Project Loan Facility - Stage 2 of Olaroz Plant 2.61 % 2029 135.0 -- Affiliate Loans with TTC 15.29 % 2030 81.5 -- Affiliate Loan with TLP 10.34 % 2026 2.5 -- --------------- ------------------- Total debt assumed in Allkem Livent Merger 219.0 -- --------------- ------------------- Subtotal long-term debt (including current maturities) 724.4 302.0 Less current maturities (288.4) (2.4) --------------- ------------------- Total long-term debt $ 436.0 $ 299.6 =============== =================== ________________________ 1. Represents the financial position of predecessor Livent as of December 31, 2023, which does not include the financial position of Allkem. 2. Represents advance payments in connection with customer supply agreement which do not have a contractual interest rate or bear any actual interest and are repayable in equal quarterly installments beginning in January 2027 and ending in October 2031. Represents U.S. GAAP imputed interest rate. 3. On September 10, 2024, SDJ paid the outstanding principal balance of $9.1 million to repay Stage 1 of the Olaroz Plan Project Loan Facility in its entirety. On May 30, 2024, SDV paid the outstanding principal balance of $47.0 million, a prepayment fee of $0.9 million and accrued interest and commitment fees of $1.3 million to repay the Project Financing Facility in its entirety.

    • 9:40AM ET on Thursday Nov 07, 2024 by Dow Jones
      Companies Mentioned: SMAR, ALTM, ROIC

      SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates ROIC, SMAR, ALTM on Behalf of Shareholders

      NEW YORK, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:

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