earnings
confidence high
sentiment positive
materiality 0.85
MP Materials reports record FY2021 revenue $332M, Q4 up 135%; 42k MT REO production
MP Materials Corp. / DE
2021-FY EPS reported
$0.73
revenue$331,952,000
- FY2021 revenue $332M (+147%); net income $135M; Adj. EBITDA $219M (+414%); record U.S. production of 42,413 MT REO.
- Q4 2021 revenue $99.1M (+135% YoY); net income $49.0M (+103%); Adj. EBITDA $71.3M (+297%); realized price $10,101/MT (+148%).
- Mine life extended to ~35 years via updated reserve estimate; $35M DoD award for heavy rare earth separation.
- Long-term GM supply agreement for rare earth magnets; initial magnetics manufacturing facility in Fort Worth, TX.