Lithium producer Livent reports record financial results in 2022 on strong demand and higher prices lithium Livent
- On Tuesday, lithium producer Livent announced that its fourth quarter 2022 revenue was $219.4 million, down 5% and up 79% from the third quarter of 2022 and the prior year's quarter, respectively.
For the full year 2022, Livent reported revenue of $813.2 million, nearly double 2021 results. GAAP net income was $273.5 million, or $1.36 per diluted share, compared to $0.6 million in 2021. "Livent had another strong performance in the fourth quarter and finished the full year 2022 with record financial results," said Paul Graves, president and chief executive officer of Livent."We expect to generate higher profitability in 2023 as we build on this performance.
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