MP Materials Corp. (MP) 2nd Annual CG Virtual Sustainability Summit March 12, 2026 12:30 PM EDT
Company Participants
Ryan Corbett – Chief Financial Officer
Conference Call Participants
George Gianarikas – Canaccord Genuity Corp., Research Division
Presentation
George Gianarikas
Canaccord Genuity Corp., Research Division
Hi, everyone. I’m George Gianarikas, one of Canaccord Genuity’s sustainability analysts. And we’re blessed to have with us today, Ryan Corbett, CFO of MP Materials. Ryan, thank you so much for joining.
Ryan Corbett
Chief Financial Officer
Thanks so much for having me, George. Appreciate it.
Question-and-Answer Session
George Gianarikas
Canaccord Genuity Corp., Research Division
Maybe to start, if you could give us a high-level overview of Q4 and any highlights you wanted to share?
Ryan Corbett
Chief Financial Officer
Sure. Yes, happy to do it. Obviously, we reported a couple of weeks ago, maybe it was last week, I’m losing track. But I think the story for Q4 was continued strong execution from the team. As you all saw, we continue to ramp both in the Materials segment and Magnetics segment very, very rapidly. We exited the year in the Materials segment at nearly a 4,000-ton production run rate. We produced our first commercial magnets to customer specifications on our commercial equipment down Independence, where I’m actually sitting right now.
And I think what we’ve seen over the last several months, and it’s continuing and frankly, accelerating is real customer engagement across all parts of the business. And so we came out of Q4 and into Q1 with a tremendous amount of momentum. I think the other thing that is particularly exciting from a financial perspective is you saw a strong return to profitability in the business, which we expect to continue and really be enhanced with the market pricing environment that we’re seeing. And our expectation is that’s just going to
