Neo Performance Materials Inc. (T:NEO)
Business Focus: Nonferrous Metal Processing
| Sector: Basic Materials | Industry: Specialty Mining & Metals |
| Company Contact | |
| Address: | 121 King Street West, Suite 1740 TORONTO ON M5H 3T9 |
| Tel: | 1-416-9623300 |
| Website: | https://www.neomaterials.com |
| IR: | See website |
| Key People | ||
| Rahim Suleman President, Chief Executive Officer, Interim Chief Financial Officer, Director | Jeffrey R. Hogan Executive Vice President - Chemicals and Oxides | Gregory K. Kroll Executive Vice President - Magnquech |
| Kevin D. Morris Executive Vice President, Chief Strategy Officer | Frank Timmerman Senior Vice President - Rare Metals | |
| Business Overview |
| Neo Performance Materials Inc. is a Canada-based company that provides advanced industrial materials, rare earth magnetic powders and magnets, specialty chemicals, metals, and alloys. The Company's business segments include Magnequench, Chemicals and Oxides (C&O) and Rare Metals (RM). The Magnequench segment production of permanent magnetic powders used in bonded and hot-deformed, fully dense neodymium-iron-boron (NdFeB or neo) magnets. The C&O segment manufactures and distributes a broad range of advanced industrial materials. The RM 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). These powders and bonded permanent magnets are used in motors, which are used in various automotive applications for hybrid, electric and internal combustion engine vehicles, and micro motors for household applications. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Neo Performance Materials Inc revenues decreased 11% to $571.5M. Net loss totaled $8.4M vs. income of $25.9M. Revenues reflect Magnequench segment decrease of 23% to $213.7M, Rare Metals segment decrease of 4% to $124.6M, Europe segment decrease of 33% to $97M, China segment decrease of 10% to $185.1M. |
| Employees: | 1,912 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $170.11M as of Dec 31, 2023 |
| Annual revenue (TTM): | $782.90M as of Dec 31, 2023 |
| EBITDA (TTM): | $45.00M as of Dec 31, 2023 |
| Net annual income (TTM): | -$11.56M as of Dec 31, 2023 |
| Free cash flow (TTM): | $8.88M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 41,709,609 as of Apr 8, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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