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 > Q2

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Post by Ciaoon Aug 09, 2024 1:12pm

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Post# 36171679

Q2

This caught my eye...

Increased Adjusted EBITDA(1) Growth Outlook: Neo reports strong financial results of $24.2 million of Adjusted EBITDA(1) for the six months ended June 30, 2024, despite the further decline in rare earth prices. Neo increased its outlook for fiscal 2024 to $45 million to $50 million of Adjusted EBITDA(1), a 20% to 35% increase over the prior year.

Anyone have thoughts on Q2? Is the dividend sustainable?

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