Neo Performance Materials Inc T.NEO

Alternate Symbol(s): NOPMF

Chemicals Specialty Chemicals

Neo Performance Materials Inc. is a Canada-based company, which is engaged in the green energy transition by manufacturing the building blocks of many technologies that enhance sustainability. The Company's segments include Magnequench, Chemicals and Oxides (C&O), Rare Metals and Corporate. The Magnequench segment manufactures bonded neodymium-iron-boron (NdFeB or neo) powders and bonded permanent magnets. This segment produces bonded magnets (Magnequench Magnets) made from its various Magnequench powder grades. The C&O segment manufactures and distributes a range of advanced industrial materials. Applications from these products include automotive catalysts, permanent magnetics, medical devices, and wastewater treatment. The Rare Metals segment sources, reclaims, produces, refines, and markets specialty metals and their compounds. These products include both high-temperature metals (tantalum, niobium, hafnium and rhenium) and electronic metals (gallium and indium).

TSX:NEO - Post by User

Neo Performance Materials Inc

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Post by retiredcfon Nov 15, 2021 6:38am

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Post# 34126059

Earnings Reaction

Q: What did you think of NEO's results? The market reacted negatively.

The stock bounced yesterday and is now up on the week. EPS of 21 cents missed estimates of 25 cents. Revenue of $119.8M missed estimates by 2%. Sales rose 54%. Volumes rose 16%. Cash is $52M. Despite the miss, we would still consider the quarter and outlook to be OK. EPS may dip a bit in 2022 but this seems priced in to the low valuation of the stock.

This again came from 5iResearch last Thursday. GLTA

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