- In the second quarter, SQM’s Adjusted EBITDA was $307.9 million, which is 28% lower than the previous year and missed the estimated $333.7 million.
- Net income for the quarter was $88.4 million, a 59% decrease from the previous year, and also below the expected $144.3 million.
- Overall revenue for the quarter was $1.04 billion, experiencing a 19% year-over-year decline, and slightly missing the estimate of $1.07 billion.
- Revenue from Specialty Plant Nutrition was stable at $260.3 million, nearly matching the previous year’s $260.5 million and slightly under the estimate of $260.6 million.
- Lithium & Derivatives revenues fell by 33% year-over-year to $445.2 million, also falling short of the $458.2 million estimate.
- Iodine & Derivatives revenues increased slightly by 0.8% year-over-year to $271.3 million, exceeding the forecasted $268.6 million.
- Revenue from Potassium Chloride & Potassium Sulfate dropped 45% year-over-year to $40.4 million, although it was slightly above the $39.8 million estimate.
- Industrial Chemicals revenue was down by 6.3% to $19.2 million, closely aligning with the $19.4 million estimate.
- For the first half of the year, SQM reported an EBITDA of $658.1 million and revenue totaling $2.08 billion.
- Analyst ratings include 5 buy recommendations and 2 hold recommendations, with no sell recommendations.
A look at Sociedad Quimica y Minera de C Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Sociedad Quimica y Minera de C has a promising long-term outlook. With a strong momentum score of 5, the company is showing positive market trends and performance. This indicates a potential for continued growth and investor interest in the company.
Additionally, having solid scores of 3 in Dividend, Growth, and Resilience factors means Sociedad Quimica y Minera de C is recognized for its stability and potential for future development. While the Value score of 2 suggests there may be opportunities for improvement in terms of market value, overall, the company’s outlook appears positive, especially in terms of its momentum and consistent performance in various key areas.
### Sociedad Quimica y Minera de Chile SA produces and markets specialty fertilizers including potassium nitrate, sodium nitrate, and potassium sulfate for the agricultural industry. The Company also produces industrial chemicals, iodine, and lithium. SQM markets its products in over 100 countries. ###
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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