Livent Corporation (NYSE:LTHM) Q3 2023 Earnings Conference Call October 31, 2023 4:30 PM ET

Company Participants

Daniel Rosen - Investor Relations and Strategy

Paul Graves - President and Chief Executive Officer

Gilberto Antoniazzi - Chief Financial Officer

Conference Call Participants

Kevin McCarthy - Vertical Research Partners

Chris Kapsch - Loop Capital Markets

Corinne Blanchard - Deutsche Bank

Aleksey Yefremov - Keybanc Capital Markets

Steve Burns - Bank of America

Pavel Molchanov - Raymond James

David Zhang - CICC

Operator

Good afternoon, everyone and welcome to the Third Quarter 2023 Earnings Release Conference Call for Livent Corporation. Phone lines will be placed on listen-only mode throughout the conference. After the speakers' presentation, there will be a question-and-answer period.

I will now turn the conference over to Mr. Daniel Rosen, Investor Relations and Strategy for Livent Corporation. Mr. Rosen, you may begin.

Daniel Rosen

Great. Thank you, Paul. Good evening, everyone, and welcome to Livent's third quarter 2023 earnings call. Joining me today are Paul Graves, President and Chief Executive Officer; and Gilberto Antoniazzi, Chief Financial Officer. The slide presentation that accompanies our results, along with our earnings release, can be found in the Investor Relations section of our website.

Prepared remarks from today's discussion will be made available after the call. Following our prepared remarks, Paul and Gilberto will be available to address your questions. Given the number of participants on the call today, we would request a limit of one question and one follow-up per caller. We'd be happy to address any additional questions after the call.

Before we begin, let me remind you that today's discussion will include forward-looking statements that are subject to various risks and uncertainties concerning specific factors, including, but not limited to those factors identified in our Form 10-K and other filings with the Securities and Exchange Commission. Information presented represents our best judgment based on today's information. Actual results may vary based upon these risks and uncertainties.

Today's discussion will include references to various non-GAAP financial metrics. Definitions of these terms, as well as reconciliation to the most directly comparable financial measure calculated and presented in accordance with GAAP, are provided on our Investor Relations website.

And with that, I'll turn the call over to Paul.

Paul Graves

Thank you, Dan. Good evening, everyone. I promise no bad Halloween jokes tonight. I promise. We reported third quarter results that were highlighted by adjusted EBITDA of $120 million, up 8% on a year-over-year basis, with a margin that was roughly flat versus the prior quarter and a nine percentage point higher margin than a year ago.