8-K
filed February 23, 2023, 6:59 PM ET
ticker MP
CIK 0001801368
earnings
confidence high
sentiment positive
materiality 0.80
MP Materials reports record FY2022 revenue of $527.5M, net income up 114% to $289M
MP Materials Corp. / DE
2022-FY EPS reported
$1.52
revenue$527,510,000
- FY2022 revenue $527.5M (+59% YoY); net income $289.0M (+114%); Adjusted EBITDA $388.6M (+77%).
- Produced 42,499 metric tons of REO, highest annual U.S. rare earth production; sold record 43,198 MT.
- Q4 2022 revenue $93.2M (-6% YoY); net income $67.0M (+37%); diluted EPS $0.36 vs $0.26.
- Signed long-term agreement with GM to supply rare earth alloy and magnets for 12 Ultium EV platforms.
- Signed distribution agreement with Sumitomo Corp for access to Japanese customers; Stage II commissioning underway.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 1.0
MP Materials Corp. / DE reported Fourth Quarter 2022 results: revenue $93,245, net income $67,007, EPS $0.36.
- Period
- Fourth Quarter 2022
- Revenue
- $93,245
- Net income
- $67,007
- EPS
- $0.36
- Result
- reported results
Exact text from the filing
Fourth Quarter 2022 Financial and Operating Highlights For the three months ended December 31, 2022 vs. 2021 (unaudited) 2022 2021 Amount Change % Change Financial Measures: (in thousands) Revenue (1) $ 93,245 $ 99,109 $ (5,864) (6) % Net income $ 67,007 $ 48,989 $ 18,018 37 % Adjusted EBITDA (2) $ 55,050 $ 71,343 $ (16,293) (23) % Adjusted Net Income (2) $ 78,786 $ 56,602 $ 22,184 39 % Diluted EPS $ 0.36 $ 0.26 $ 0.10 38 %
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 1.0
MP Materials Corp. / DE reported Full Year 2022 results: revenue $527.5 million, net income $289.0 million.
- Period
- Full Year 2022
- Revenue
- $527.5 million
- Net income
- $289.0 million
- Result
- reported results
Exact text from the filing
Generated $527.5 million of revenue in 2022, an increase of 59% Increased annual net income 114% to $289.0 million and Adjusted EBITDA 77% to $388.6 million
View on SEC.gov
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