Revenue in line; strong earnings beat

Company
11 Mar 2024
5 Min read 
  • Nalco's 3QFY24 revenue increased 2% YoY, in line with estimates.
  •  EBITDA jumped 68% YoY, beating estimates by 62%.
  •  APAT surged 84% YoY, beating estimates by 96%.
  •  Chemical business revenue improved 12% YoY, in line with estimates.
  •  Aluminum business revenue was down 4% YoY, but EBIT improved 55% YoY.
  •  Nalco's JV signed an agreement for lithium mining, enhancing product offerings.
  •  Nalco's valuation appears to be fully pricing in the strong outlook.
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