Neo Performance Materials Reports Q3 EBITDA Growth, Raises 2026 Guidance
Third-quarter Adjusted EBITDA was $47 million, up 145% from the same period in 2025. Neo raised its full-year 2026 Adjusted EBITDA outlook to $180 million-$185 million from $140 million-$150 million. Its European Integrated Magnet Project was selected for an EU Innovation Fund grant of up to €126 million ($140 million).
Neo Performance Materials reported third-quarter 2026 Adjusted EBITDA of $47 million, representing a 145% increase compared to the same period in 2025. Driven by strong operating performance, sustained customer demand, and pricing efficiencies, the company raised its full-year 2026 Adjusted EBITDA guidance to a range of $180 million to $185 million, up from its previous outlook of $140 million to $150 million. Operational highlights included record bonded magnet volumes in the Magnequench segment and significant earnings growth in the Chemicals & Oxides and Rare Metals divisions.
Additionally, the company noted that its European Integrated Magnet Project was selected for an EU Innovation Fund grant of up to €126 million ($140 million).