Sociedad Química y Minera de Chile S.A.
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Highlights
SQM reported total revenues for the nine months ended September 30, 2024 of US$3,455.0 million compared to total revenues of US$6,155.9 million for the same period last year.
Net loss(1),(2) for the nine months ended September 30, 2024 of (US$524.5) million or (US$1.84) per share, compared to net income(2) of US$1,809.5 million or US$6.33 per share for the same period last year.
Solid sales volumes in lithium, iodine, and fertilizer businesses.
SPN and Potassium businesses posted healthy growth showing market recovery.
Slight increase in iodine prices, due to strong market demand and limited supply.
First lithium sales from the SQM International lithium division.
SQM will hold a conference call to discuss these results on Wednesday, November 20, 2024 at 10:00am ET (12:00pm Chile time).
Participant Dial-In (Toll Free): 1-844-282-4852
Participant International Dial-In: 1-412-317-5626
Webcast: https://event.choruscall.com/mediaframe/webcast.html?webcastid=xdNdTppQ
Highlights
• SQM reported total revenues for the six months ended June 30, 2024 of US$2,378.1 million compared to total revenues of US$4,315.6 million for the same period last year.
• Net loss for the six months ended June 30, 2024 of (US$655.9) million or (US$2.30) per share, compared to net income of US$1,330.1 million or US$4.66 per share for the same period last year.
• Strong sales volumes growth in lithium, iodine and fertilizer businesses.
• Record-high quarterly sales volumes in lithium and iodine businesses, surpassing 52,000 metric tons and 4,000 metric tons, respectively.
• Signed definitive partnership agreement with Codelco to jointly develop and operate lithium assets in the Salar de Atacama until 2060.
• Signed a long-term agreement with Hyundai Motors Co. Ltd. and Kia Corporation.
• Launched SQM International Lithium to develop our lithium business outside of Chile.
SQM will hold a conference call to discuss these results on Wednesday, August 21, 2024 at 12:00pm ET (12:00pm Chile time).
Participant Dial-In (Toll Free): 1-844-282-4852
Participant International Dial-In: 1-412-317-5626
Webcast: https://event.choruscall.com/mediaframe/webcast.html?webcastid=FRfGBEBZ
