News Formal

AMG says its lithium business contributes most to all-time record earnings in third quarter

  • 📰 KitcoNewsNOW
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 78%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

AMG lithium AMG says its lithium business contributes most to all-time record earnings in third quarter

Editors Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of todays must-read news and expert opinions. Sign up here!

The company said that its Q3 2022 EBITDA of $103 million was the highest in AMG's history, and a 210% increase versus Q3 2021, adding that net income attributable to shareholders was $68 million, yielding $2.09 diluted earnings per share, compared to $0.02 diluted loss per share in Q3 2021. AMG noted that given the strong performance to date and the visibility into year end, the company is increasing its EBITDA guidance for the full year 2022 to $320 million or higher, from a previous range of between $280 million and $300 million.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 13. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Ottawa orders Chinese companies to exit three Canadian lithium minersOttawa has ordered three Chinese companies to exit three Canadian lithium miners based on alleged threats to national security. Read on. For any kind of information Why? Because they can take it with them? Thank you PierrePoilievre
Source: nationalpost - 🏆 10. / 80 Read more »