-- 5N Plus (VNP.TO) after trade Wednesday said its first-quarter profit and revenue rose year-over year.
The company earned US$17.8 million, or US$0.20 per share, in the period, up from US$9.6 million, or US$0.11, a year prior. FactSet expected US$0.14 per share.
Revenue rose to US$117.9 million from US$88.9 million a year ago. FactSet projected US$104 million. The company said the increase was mainly driven by higher volumes under Specialty Semiconductors and higher bismuth-based product pricing under Performance Materials.
The company added that it is maintaining its adjusted EBITDA outlook range at between US$100 and US$105 million in 2026.
"In 2026, 5N+ continues to expect demand in Specialty Semiconductors to remain strong, supported by structural expansion across its core end markets, with particular strength in its strategic sectors of terrestrial renewable energy and space solar power. These trends, combined with the company's position as the leading global supplier of ultra-high-purity specialty semiconductor compounds outside China, are expected to continue supporting long-term growth in this segment," 5N said.
The company's shares closed up $0.85 to $36.05 on the Toronto Stock Exchange.