NYSE$HL

Hecla Mining Company · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Hecla's financial performance was strong, marked by record cash margin and adjusted EBITDA, and the second-highest revenue in the company's 130-year history.

Hecla Mining Company reported a strong first quarter in 2021, achieving the second-highest sales in its history, a new record for EBITDA, and significant free cash flow generation. The company increased its silver-linked dividend and anticipates further cash flow increases throughout the year.

  • Sales of $210.9 million, a 54% increase over the prior year and the second highest in the company's history.
  • Gross profit of $64.8 million, a substantial increase compared to the prior year.
  • Net income applicable to common shareholders reached $18.8 million, or $0.04 per share (basic).
  • Adjusted EBITDA reached a record $86.1 million.

Headline financials

Total Revenue

$211M

Previous: $137M+54.0%
EPS (adj)

$0.06

Previous: -$0.03+300.0%
Total Silver Production

3.5M

Previous: 3.2M+6.6%
Total Gold Production

52.0K

Previous: 58.8K-11.5%
Capital Expenditures

-$21.4M

Previous: -$19.9M-7.8%
Free Cash Flow

-$2.44M

Previous: -$37.1M+93.4%
Net Income

$19M

Previous: -$17.2M+210.4%
Operating Income

$38.4M

Previous: -$15M+357.0%
Gross Profit

$64.8M

Previous: $11.4M+469.9%
Cash & Equivalents

$140M

Previous: $216M-35.2%
Total Assets

$2.66B

Previous: $2.76B-3.9%
Stock-Based Comp

$500K

Previous: $1.22M-59.0%

Revenue & EPS history

Hecla · Revenue · Quarterly

$211M

Q1 2021+54%vs Q1 2020
Beat estimate in 8 of 13 quarters(62%)
ActualEstimate

Revenue by segment

Hecla · $175M total across 3 segments · Q2 2023

  • Greens Creek Cash Flow
    $95.9M+3.4%
  • Lucky Friday Cash Flow
    $42.6M+18.9%
  • Casa Berardi Cash Flow
    $36.9M-41.0%

Forward guidance

The company updated its guidance for annual production, cost, and expenditures for 2021.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+0.0%

Avg return

Earnings day

-1.1%

Avg return

5 days after

-0.1%

Avg return

30 days after

49%

33 / 68 earnings

Positive

+17.1%

Q4 2021

Best reaction

-23.5%

Q1 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.2%+21.3%-13.4%
Q4 2025+3.6%+12.9%-18.8%
Q3 2025+11.9%+22.0%+40.1%
Q1 2025+5.3%+8.4%+24.0%
Q4 2024-14.6%-15.5%-9.9%
Q3 2024-4.4%-11.4%-12.4%
Q2 2024+1.5%+6.3%+19.8%
Q1 2024+9.6%+4.8%+7.0%
Q4 2023+7.4%+3.2%+26.7%
Q3 2023-5.8%-12.7%+9.9%
Q2 2023-9.3%-7.0%-21.5%
Q1 2023-12.5%-13.3%-13.2%
Q4 2022-10.1%-8.5%-1.1%
Q3 2022+0.4%+3.8%+11.7%
Q2 2022+5.4%+4.3%-11.6%
Q1 2022-4.8%+0.2%+1.8%
Q4 2021+17.1%+15.1%+33.5%
Q3 2021+1.7%+4.2%-13.1%
Q2 2021-1.6%-4.6%+1.6%
Q1 2021+16.5%+18.9%+42.7%
Q4 2020+1.5%+14.3%+8.3%
Q3 2020-5.9%-4.7%-9.5%
Q2 2020-4.7%-12.3%-13.1%
Q1 2020+3.5%-1.6%+23.7%
Q4 2019+11.4%+2.3%-14.3%
Q3 2019-2.5%+2.1%+17.3%
Q2 2019-14.5%-20.0%-10.0%
Q1 2019-23.5%-24.0%-27.9%
Q4 2018-11.6%-10.6%-17.1%
Q3 2018+0.0%-8.6%-0.8%
Q2 2018+5.6%-0.7%-5.6%
Q1 2018-0.5%-1.0%-5.3%
Q4 2017-1.0%-6.7%-4.2%
Q3 2017+2.2%-10.4%-23.3%
Q2 2017-7.9%-10.9%-1.8%
Q1 2017+1.7%+8.5%+10.8%
Q4 2016-7.2%-12.3%-20.4%
Q3 2016+9.4%-8.9%-4.5%
Q2 2016+0.8%+8.5%-8.4%
Q1 2016+10.6%
Q4 2015+6.4%
Q3 2015-0.9%
Q2 2015-5.1%
Q1 2015+0.3%
Q4 2014+7.5%
Q3 2014-0.5%
Q2 2014-6.6%
Q1 2014-1.6%
Q4 2013-0.6%
Q3 2013-1.0%
Q2 2013+11.5%
Q1 2013-3.9%
Q4 2012+1.2%
Q3 2012-6.2%
Q2 2012-1.5%
Q1 2012+3.6%
Q4 2008-0.4%
Q4 2011-0.4%
Q3 2011-5.6%
Q2 2011+7.2%
Q1 2010+6.3%
Q1 2011-0.6%
Q4 2010+0.6%
Q3 2010-0.9%
Q3 2009-0.9%
Q2 2010+2.8%
Q2 2009+2.8%
Q4 2009+2.8%

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