Evolution Metals Reaffirms FY2027 Revenue Guidance; Plans Samarium Cobalt Magnet Production

MT Newswires Live10-14

Evolution Metals & Technologies (EMAT) on Wednesday reaffirmed fiscal 2027 revenue guidance of $400 million to $460 million.

Analysts surveyed by FactSet are expecting $382.3 million.

The company also said it plans to begin acquiring equipment to produce samarium cobalt magnets, used in US military systems, by mid-2027, and that it will respond to the US Army's sources sought notice for rare earth magnets.

Evolution Metals said that seven of its eight sintered neodymium-iron-boron rare earth magnet grades have completed customer certification and that the eighth grade is in the final stages of certification.

Shares of Evolution Metals were 0.6% lower in premarket trading.

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