SANTIAGO, Chile, Feb. 28, 2024 /PRNewswire/ —
Highlights
SQM reported net income for the twelve months ended December 31, 2023 of US$2,012.7 million compared to US$3,906.3 million for the same period last year. Earnings per share totaled US$7.05 for the twelve months ended December 31, 2023.
Revenues for the twelve months ended December 31, 2023, reached US$7,467.5 million compared to US$10,710.6 million reported for the same period last year.
Lithium sales volumes reached new record with over 170,000 metric tons sold in 2023; first production of spodumene concentrate commenced at Mt. Holland during the fourth quarter of 2023.
SQM will hold a conference call to discuss these results on Thursday, February 29, 2024 at 10:00am ET (12:00pm Chile time).
Participant Dial-In (Toll Free): 1-844-282-4852
Participant International Dial-In: 1-412-317-5626
Webcast: https://event.choruscall.com/mediaframe/webcast.html?webcastid=R77ofIWz
Sociedad Química y Minera de Chile S.A. (SQM) (NYSE:SQM, Santiago Stock Exchange: SQM-B, SQM-A)) reported today earnings for the twelve months ended December 31, 2023, of US$2,012.7 million (US$7.05 per ADR), a decrease of approximately 48.5% from US$3,906.3 million (US$13.68 per ADR) for the twelve months ended December 31, 2022.
Gross profit reached US$3,075.1 million (41.2% of revenues) for the twelve months ended December 31, 2023, lower than US$5,736.6 million (53.6% of revenues) recorded for the twelve months ended December 31, 2022. Revenues totaled US$7,467.5 million for the twelve months ended December 31, 2023, representing a decrease of approximately 30.3% compared to US$10,710.6 million reported for the twelve months ended December 31, 2022.
The Company also announced earnings for the fourth quarter of 2023 of US$203.2 million (US$0.71 per share), a decrease of approximately 82.3% compared to US$1,151.0 million (US$4.03 per share) for the fourth quarter of 2022. Gross profit for the fourth quarter of 2023 reached US$400.7 …