AMG : Better than expected Q2, upped 2024 adj. EBITDA guidance
>Small beat on sales, giant beat on adj. EBITDA - AMG’s Q2 sales beat css by 1% and was in line with our expectation at $364m. Adj. EBITDA came in at $39.5m which represents a beat of 33% versus css and 29% versus our estimate. This is driven by AMG Vanadium and AMG Technologies as AMG Lithium EBITDA disappointed. The net loss was higher than css (but less than our estimate) but as there are so many moving parts (deferred tax movements, a vanadium related inventory re...AMG Advanced Metaurgical Group NV is a holding company. Through its subsidiaries Co. creates and applies metallurgical solutions to the global trend of sustainable development of natural resources and CO2 reduction. Co. operates in three business segments: the Advanced Materials segment is engaged in the production of specialty metals and alloys; the Engineering Systems segement consists of proprietary technologies for the design and engineering of vacuum furnaces and related equipment used in the production and treatment of metals and alloys; and the Graphit Kropfmuhl's segment extracts, processes and refines natural crystalline graphite
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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