Neo Performance Materials Shares Climb on 4Q Revenue Beat

Dow Jones

Mar 18, 2025

By Adriano Marchese

Neo Performance Materials shares rose Tuesday after the company reported better-than-expected revenue in the fourth quarter.

Shares traded 13% higher at 8.68 Canadian dollars ($6.07).

Revenue in the quarter rose to $134.9 million from $128.7 million a year earlier. This topped expectations of a decline to $110.1 million, according to FactSet.

Operating income for the final three months of 2024 was $12.4 million, up from an operating loss of $5.5 million a year earlier.

"Neo delivered outstanding financial and operational results in 2024, exceeding guidance with adjusted earnings before interest, taxes, depreciation and amortization growth of over 70%, driven by strong performance in Rare Metals and Magnequench, [Neo's advanced magnetic materials company]" Chief Executive Rahim Suleman said.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

March 18, 2025 11:53 ET (15:53 GMT)

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This topped expectations of a decline to $110.1 million, according to FactSet. \n\n\n  Operating income for the final three months of 2024 was $12.4 million, up from an operating loss of $5.5 million a year earlier. \n\n\n  \"Neo delivered outstanding financial and operational results in 2024, exceeding guidance with adjusted earnings before interest, taxes, depreciation and amortization growth of over 70%, driven by strong performance in Rare Metals and Magnequench, [Neo's advanced magnetic materials company]\" Chief Executive Rahim Suleman said. \n\n\n \n\n\n  Write to Adriano Marchese at adriano.marchese@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 18, 2025 11:53 ET (15:53 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}