CHARLOTTE, N.C. , July 13, 2021 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a leader in the global specialty chemicals industry, announced today its plans to host a virtual Investor Day on Friday, Sept. 10, 2021 . Albemarle CEO Kent Masters and CFO Scott Tozier will present alongside other members of Albemarle's executive management team, providing insights related to strategies and…, About Albemarle, Albemarle Corporation (NYSE: ALB) is a global specialty chemicals company with leading positions in lithium, bromine, and catalysts. We think beyond business-as-usual to power the potential of companies in many of the world's largest and most critical industries, such as energy, electronics, and transportation. We actively pursue a sustainable approach to managing our diverse global footprint of…
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CHARLOTTE, N.C. , June 30, 2021 /PRNewswire/ --, Albemarle Corporation, (NYSE: ALB), a leader in the global specialty chemicals industry, announced today the opening of the company's Battery Materials Innovation Center (BMIC) located at its Kings Mountain, North Carolina , site. The BMIC is expected to be fully operational in July 2021 and will support Albemarle's lithium hydroxide, lithium carbonate and advanced energy storage materials growth platforms. It has…, About Albemarle, Albemarle Corporation (NYSE: ALB), headquartered in Charlotte, N.C. , is a global specialty chemicals company with leading positions in lithium, bromine, and refining catalysts. We think beyond business-as-usual to power the potential of companies in many of the world's largest and most critical industries, such as energy, electronics, and transportation. We actively pursue a sustainable approach…
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CHARLOTTE, N.C. , June 29, 2021 /PRNewswire/ -- , Albemarle Corporation, (NYSE: ALB), a leader in the global specialty chemicals industry, announced today that it received 10 American Chemistry Council (ACC) Responsible Care Awards for its exemplary health, safety and environmental initiatives. Albemarle received awards in the categories of facility safety and outstanding COVID-19 response efforts. A total of nine sites, representing each of Albemarle's three…, About Albemarle, Albemarle Corporation (NYSE: ALB), headquartered in Charlotte, N.C. , is a global specialty chemicals company with leading positions in lithium, bromine, and refining catalysts. We think beyond business-as-usual to power the potential of companies in many of the world's largest and most critical industries, such as energy, electronics, and transportation. We actively pursue a sustainable approach…
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CHARLOTTE, N.C. , June 15, 2021 /PRNewswire/ --, Albemarle Corporation, (NYSE: ALB), a leader in the global specialty chemicals industry, announced today that it will release its second-quarter 2021 earnings after the NYSE closes on Wednesday, Aug. 4, 2021 . The company will hold its conference call to discuss second-quarter 2021 results on, Thursday, Aug. 5 , at 9:00 a.m. ET ., This call will be webcast and can be accessed through Albemarle Corporation's website at https://investors.albemarle.com/ , via the webcast link below or by phone at the following number: US Toll free: +1 844 347 1034 International direct: +1 209 905 5910 Passcode: 6747789 Webcast: Q2 Webcast Link To avoid registration wait times, participants are encouraged to use the webcast link as the…, About Albemarle Corporation, Albemarle Corporation (NYSE: ALB), headquartered in Charlotte, N.C. , is a global specialty chemicals company with leading positions in lithium, bromine and refining catalysts. We think beyond business-as-usual to power the potential of companies in many of the world's largest and most critical industries, such as energy, electronics, and transportation. We actively pursue a sustainable approach…
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CHARLOTTE, N.C. , June 2, 2021 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a leader in the global specialty chemicals industry, announced today the release of its annual global Sustainability Report. This year's report lays out meaningful and achievable targets for greenhouse gas emissions and water use. "Albemarle is a values-driven organization that is committed to doing the right…, Sustainability Strategy and Targets, Climate Strategy Albemarle's climate strategy details how the company manages climate-related risks at existing operations and across new projects, partners with customers to enable their sustainability ambitions, and collaborates with its stakeholders to help fight climate change. Greenhouse Gas Emissions Albemarle supports the goals of the Paris Agreement and aspires to achieve net zero carbon…, Alignment with Global Standards, In April 2021 , Albemarle became a signatory to the United Nations Global Compact (UNGC), deepening its commitment to being a sustainable and responsible business. This year's report also maps the company's sustainability priorities that support the UN SDGs in order to determine where Albemarle can have the greatest impact. Albemarle's 2020 report aligns with the Sustainability Accounting…, Albemarle Sustainability Conference Call, Albemarle will host a webcast on Thursday, June 3 , at 10:00 a.m. EDT with CEO Kent Masters and CFO Scott Tozier , who will present an update on the company's sustainability initiatives. This call will be webcast and can be accessed through Albemarle's corporate website at https://investors.albemarle.com/ or via the webcast link here: Albemarle Annual Sustainability Conference Call ., About Albemarle, Albemarle Corporation (NYSE: ALB), headquartered in Charlotte, N.C. , is a global specialty chemicals company with leading positions in lithium, bromine, and refining catalysts. We think beyond business-as-usual to power the potential of companies in many of the world's largest and most critical industries, such as energy, electronics, and transportation. We actively pursue a sustainable approach…, Forward-Looking Statements, Some of the information presented in this press release, the conference call and discussions that follow, including, without limitation, information related to sustainability goals and commitments, targets and timelines for achievement, environmental impact reduction goals, sustainability priorities, and all other information relating to matters that are not historical facts may constitute…
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CHARLOTTE, N.C. , May 13, 2021 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a leader in the global specialty chemicals industry, announced today that it will release its 2020 Sustainability Report on Wednesday, June 2, 2021 . The company will also host a webcast on Thursday , June 3 , at 10:00 a.m. EDT with CEO Kent Masters and CFO Scott Tozier , who will present an update on Albemarle…, About Albemarle, Albemarle Corporation (NYSE: ALB), headquartered in Charlotte, N.C. , is a global specialty chemicals company with leading positions in lithium, bromine and refining catalysts. We think beyond business-as-usual to power the potential of companies in many of the world's largest and most critical industries, such as energy, electronics, and transportation. We actively pursue a sustainable approach…
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CHARLOTTE, N.C. , Oct. 29, 2019 /PRNewswire/ -- The Board of Directors of, Albemarle Corporation, (NYSE: ALB) announces that it has declared a dividend of $0.3675 per share. The dividend, which has an annualized rate of $1.47 , is payable Jan. 2, 2020 , to shareholders of record at the close of business as of Dec. 13, 2019 ., About Albemarle, Albemarle Corporation (NYSE: ALB), headquartered in Charlotte, NC , is a global specialty chemicals company with leading positions in lithium, bromine and refining catalysts. We power the potential of companies in many of the world's largest and most critical industries, from energy and communications to transportation and electronics. Working side-by-side with our customers, we develop value-…, Forward-Looking Statements, Some of the information presented in this press release, including, without limitation, information related to future dividends and results, and all other information relating to matters that are not historical facts may constitute forward- looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ materially from the views expressed…
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CHARLOTTE, N.C. , Oct. 24, 2019 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB) announced today that it expects third quarter 2019 diluted earnings per share to be approximately $1.46 and adjusted earnings per share to be $1.53 on net income of approximately $155 million and adjusted EBITDA of approximately $254 million . The Lithium business performance was impacted by discrete items, which…, Preliminary Third Quarter 2019 Results, For the third quarter 2019, the Lithium business is expected to deliver revenue of $330 million , up $59 million or 22%, and adjusted EBITDA of $128 million , up $14 million or 12% year-over-year. Factors impacting Lithium during the quarter include: Sales volume was lower than expected primarily from Typhoon Tapah, in late September, that caused lithium shipments from ports in Shanghai to be…, Fourth Quarter and Full Year 2019 Outlook, Price pressure, combined with the need to utilize more tolled volume to meet customer commitments, will result in fourth quarter 2019 Lithium performance being lower than previously forecasted. While the Company currently expects slight upside in Bromine and Catalysts in the fourth quarter, it will not offset the impact from Lithium. As a result, Albemarle is adjusting its full year 2019…, Prior Guidance, (as of August 7, 2019), Current Guidance, (as of October 24, 2019), Vs. Full Year 2018 Pro Forma Results 1, Net Sales, $3.65 - $3.85 billion $3.6 - $3.7 billion 7% - 10%, Adjusted EBITDA, $1.07 - $1.14 billion $1.02 - $1.06 billion 2% - 6%, Adjusted EPS, (per diluted share) $6.25 - $6.65 $6.00 - $6.20 10% - 14%, 2020 Outlook, Based on expectations for continued Lithium price pressure and no new Albemarle lithium capacity coming online, the Company expects full-year 2020 EBITDA performance to be lower than full-year 2019 results. The Company will provide an update on 2020 performance on its third quarter 2019 conference call scheduled for November 7, 2019 and provide formal full year 2020 guidance on its fourth quarter…, Initiatives to Address Short-term Market Dynamics and Strengthen Long-term Positioning, As previously announced, the Company reduced its multi-year capital expenditure plan from approximately $5.0 billion to approximately $3.5 billion over the next five years. This adjustment reflects the Company's commitment to generating free cash flow in 2021 and investing capital where customer volume and price commitments provide an attractive return. "Despite one-time items impacting our third…, Non-GAAP Reconciliations, It should be noted that adjusted diluted earnings per share, non-operating pension and OPEB items per diluted share, non-recurring and other unusual items per diluted share and adjusted EBITDA, are financial measures that are not required by, or presented in accordance with, accounting principles generally accepted in the United States , or GAAP. These non-GAAP measures should not be considered…, Three Months Ended September 30, 2019, Diluted earnings per share attributable to Albemarle Corporation $ 1.46 Add back: Non-operating pension and OPEB items (net of tax) (0.01) Non-recurring and other unusual items (net of tax) Acquisition and integration related costs 0.03 Other 0.05 Total non-recurring and other unusual items 0.08 Adjusted diluted earnings per share…, Consolidated Total, Three months ended September 30, 2019, Net income attributable to Albemarle Corporation $ 155,070 Depreciation and amortization 54,487 Acquisition and integration related costs 4,114 Interest and financing expenses 11,108 Income tax expense 25,341 Non-operating pension and OPEB items (551) Other 4,782 Adjusted EBITDA $ 254,351 , About Albemarle, Albemarle Corporation (NYSE: ALB), headquartered in Charlotte, N.C., is a global specialty chemicals company with leading positions in lithium, bromine and refining catalysts. We power the potential of companies in many of the world's largest and most critical industries, from energy and communications to transportation and electronics. Working side-by-side with our customers, we develop value-…, Forward Looking Statements, Some of the information presented in this press release, including, without limitation, information related to product development, production capacity, committed volumes, market trends, pricing, expected growth, earnings and demand for our products, input costs, surcharges, tax rates, stock repurchases, dividends, cash flow generation, costs and cost synergies, capital projects, economic trends…
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CHARLOTTE, N.C. , Oct. 10, 2019 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a leader in the global specialty chemicals industry, announced today that it will release its third quarter 2019 earnings after the NYSE closes on Wednesday, Nov. 6, 2019 . The company will hold its conference call to discuss third quarter 2019 results on, Thursday, November 7 , at 9:00 a.m. ET ., This call will be webcast and can be accessed through Albemarle Corporation's website at, http://investors.albemarle.com, , via the webcast link below or by phone at the following number: US Toll free: +1 844 347 1034 International direct: +1 209 905 5910 Passcode: 6199517 Webcast: Q3 Webcast Link To avoid registration wait times, participants are encouraged to dial in at least five minutes before the start of the call or pre-register online at any time. An…, About Albemarle, Albemarle Corporation (NYSE: ALB), headquartered in Charlotte, NC , is a global specialty chemicals company with leading positions in lithium, bromine and refining catalysts. We power the potential of companies in many of the world's largest and most critical industries, from energy and communications to transportation and electronics. Working side-by-side with our customers, we develop value-…
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CHARLOTTE, N.C. , Sept. 17, 2019 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a leader in the global specialty chemicals industry, announced today that Glen Merfeld , Chief Technical Officer, Lithium, will speak at the S&P Global Platts Battery Metals Conference on Monday, Sept. 23, 2019 , in San Francisco . In addition to Merfeld, David Ryan , Vice President, Corporate Strategy and…, About Albemarle, Albemarle Corporation (NYSE: ALB), headquartered in Charlotte, NC , is a global specialty chemicals company with leading positions in lithium, bromine and refining catalysts. We power the potential of companies in many of the world's largest and most critical industries, from energy and communications to transportation and electronics. Working side-by-side with our customers, we develop value-…
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