Neo Performance Materials Inc
TSX:NEO
Neo Performance Materials Inc
Neo Performance Materials, Inc. engages in the manufacture of metal-based functional materials. The company is headquartered in Toronto, Ontario and currently employs 1,844 full-time employees. The company went IPO on 2017-12-05. The firm operates through three business segments: Magnequench, Chemicals & Oxides (C&O) and Rare Metals (RM). Its Magnequench segment is engaged in the production of permanent magnetic powders used in bonded and hot-deformed, fully dense neodymium-iron-boron (NdFeB or neo) magnets. Its C&O segment manufactures and distributes a range of advanced industrial materials. Its applications are used in automotive catalysts, permanent magnetics, consumer electronics, petroleum refining catalysts, medical devices, and wastewater treatment. Its RM segment sources, reclaims, produces, refines, and markets specialty metals and their compounds. Applications from products made in this segment primarily include superalloys for jet engines, medical imaging, wireless technologies and others.
Neo Performance Materials, Inc. engages in the manufacture of metal-based functional materials. The company is headquartered in Toronto, Ontario and currently employs 1,844 full-time employees. The company went IPO on 2017-12-05. The firm operates through three business segments: Magnequench, Chemicals & Oxides (C&O) and Rare Metals (RM). Its Magnequench segment is engaged in the production of permanent magnetic powders used in bonded and hot-deformed, fully dense neodymium-iron-boron (NdFeB or neo) magnets. Its C&O segment manufactures and distributes a range of advanced industrial materials. Its applications are used in automotive catalysts, permanent magnetics, consumer electronics, petroleum refining catalysts, medical devices, and wastewater treatment. Its RM segment sources, reclaims, produces, refines, and markets specialty metals and their compounds. Applications from products made in this segment primarily include superalloys for jet engines, medical imaging, wireless technologies and others.
Revenue & Earnings: Neo reported $122 million in revenue and $19 million in adjusted EBITDA for the quarter, reflecting strong demand and execution.
Guidance Raised: The company raised its full year 2025 adjusted EBITDA guidance to $67–71 million, up from $64–68 million previously.
Magnet Facility Launch: Neo opened its new European magnet plant, with strong customer interest and a multiyear supply MOU signed with Bosch.
Volume Growth: Magnet volumes rose about 20% year-over-year, with especially strong demand from automotive, AI data centers, and industrial automation.
Portfolio Focus: Neo continues to streamline its portfolio and invest in high-value segments, driving operational efficiencies and cost savings.
Balance Sheet Strength: The company ended the quarter with $61 million in cash and total liquidity over $110 million, supporting ongoing growth investments.
