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InvestorTalk Alert: Rahim Suleman from Neo Performance Materials Inc. to host on Wednesday, August 14, 2024

written by Raj Shah | August 13, 2024

InvestorNews is pleased to announce an upcoming InvestorTalk scheduled for tomorrow, Wednesday, August 14th, at 9 AM EST, featuring Rahim Suleman, President, CEO, and Director of Neo Performance Materials Inc. (TSX: NEO). To participate in this engaging discussion, please click here

Currently, Neo Performance Materials holds 41,751,560 shares outstanding and has a market capitalization of CAD$283,075,577.

In preparation for tomorrow’s InvestorTalk, here are the three most recent news releases from Neo Performance Materials for your review, which are listed below:

  • August 9, 2024 — Neo Performance Materials Reports Second Quarter 2024 Results — click here
  • August 6, 2024 — Neo Wins New Award with Leading European Tier 1 Manufacturer of EV Traction Motors — click here
  • August 6, 2024 — Neo Announces Agreement to Sell its Quapaw, Oklahoma Rare Metals Facility — click here

5-Data Points from Neo Performance Materials’ most recent news release titled, Neo Performance Materials Reports Second Quarter 2024 Results:

  • Adjusted EBITDA Growth: Neo reported $24.2 million in Adjusted EBITDA for the first half of 2024 and raised its fiscal 2024 outlook to $45 million to $50 million, marking a 20% to 35% increase over the previous year.
  • Adjusted Net Income Increase: Adjusted Net Income for Q2 2024 was $5.3 million, or $0.13 per share, up from $2.5 million or $0.05 per share in Q2 2023, reflecting strong financial performance.
  • New Tier 1 Commercial Award: Neo secured a significant Tier 1 automotive supplier award for its sintered magnet facility in Europe, which will represent 35% of the plant’s capacity at its peak.
  • Business Simplification: Neo entered an agreement to sell its majority interest in a gallium trichloride facility in Oklahoma, aligning with its strategy to simplify its business and focus on core end-markets.
  • Strategic Review Process: Neo’s Special Committee has appointed Barclays Capital Inc. and Paradigm Capital Inc. as financial advisors to lead a strategic review process aimed at maximizing shareholder value.

(08.13.2024 at 6:00 AM EST, Source)

For more information on Neo Performance Materials Inc., click here.

For more information on the InvestorTalk pre-market series, go to InvestorTalk.com.