• CHARLOTTE, N.C. , Aug. 29, 2022 /PRNewswire/ --, Albemarle Corporation, (NYSE: ALB), a leader in the global specialty chemicals industry, today announced that as a result of its strategic review of the business, Albemarle has chosen to retain its Catalysts business under a separate, to-be-named entity and wholly owned subsidiary of Albemarle. This structure is intended to allow the Catalysts business to respond to unique customer needs and global market dynamics more…, About Albemarle, Albemarle Corporation (NYSE: ALB) 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 to managing our diverse global…, Forward-Looking Statements, Some of the information presented in this press release, including, without limitation, information related to the timing of restructuring the Catalysts business, the benefits and opportunities associated with the restructuring of the Catalysts business, anticipated return on opportunities, and including all information relating to matters that are not historical facts may constitute forward-…
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  • CHARLOTTE, N.C. , Aug. 3, 2022 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB) today announced its results for the second quarter ended June 30, 2022., Second Quarter 2022 and Recent Highlights , (Unless otherwise stated, all percentage changes represent year-over-year comparisons) Net sales of $1.48 billion, an increase of 91% Net income of $406.8 million, or $3.46 per diluted share; Adjusted diluted EPS of $3.45, an increase of 288% Adjusted EBITDA of $610 million, an increase of 214% Kemerton I lithium conversion plant in Western Australia achieved first product in July 2022 Announced…, Outlook , Albemarle's outlook for 2022 has continued to improve based on expectations for ongoing demand strength and tightness in the markets it serves. Net sales guidance was revised upward primarily due to continued strength in pricing in its Lithium and Bromine businesses. Adjusted EBITDA guidance is also higher based on pricing expectations slightly offset by inflationary cost pressures, particularly…, FY 2022 Guidance,  as of May 23, 2022, FY 2022 Guidance, Further Updated, Net sales $5.8 - $6.2 billion $7.1 - $7.5 billion Adjusted EBITDA $2.2 - $2.5 billion $3.2 - $3.5 billion Adjusted EBITDA Margin 38% - 40% 45% - 47% Adjusted Diluted EPS $12.30 - $15.00 $19.25 - $22.25 Net Cash from Operations $550 - $850 million $1.4 - $1.7 billion Capital Expenditures $1.3 - $1.5 billion $1.3 - $1.5 billion  , Second Quarter Results, In millions, except per share amounts, Q2 2022, Q2 2021, $ Change, % Change, Net sales $    1,479.6 $       773.9 $       705.7 91.2 % Net income attributable to Albemarle Corporation $       406.8 $       424.6 $        (17.8) (4.2) % Adjusted EBITDA (a) $       610.2 $       194.6 $       415.6 213.5 % Diluted earnings per share $         3.46 $         3.62 $        (0.16) (4.4) %    Non-operating pension and OPEB items (a) (0.03) (0.04)    Non-recurring and other…, Business Segment Results, Lithium Results, In millions, Q2 2022, Q2 2021, $ Change, % Change, Net Sales $           891.5 $           320.3 $           571.2 178.3 % Adjusted EBITDA $           495.2 $           109.4 $           385.8 352.5 % Lithium net sales of $891.5 million increased $571.2 million (+178%) due to higher pricing net of FX (+160%) related to renegotiated contracts and increased market pricing. Volume was also higher (+18%) related to the La Negra III/IV expansion in…, Lithium Outlook, Adjusted EBITDA for the full year 2022 is expected to grow approximately 500-550% year over year, up from the previous outlook of +300%. Average realized pricing is now expected to be up 225-250% year-over-year resulting from the renegotiated contracts and increased market pricing. Full-year 2022 volume is expected to be up 20-30% year over year primarily due to new capacity coming online as well…, Bromine Results, In millions, Q2 2022, Q2 2021, $ Change, % Change, Net Sales $           377.8 $           279.7 $             98.0 35.0 % Adjusted EBITDA $           135.7 $             92.6 $             43.0 46.5 % Bromine net sales of $377.8 million increased $98.0 million (+35%) primarily due to increased pricing net of FX (+31%) and slightly higher volumes (+4%). Tight market conditions continue to drive strong demand and favorable pricing across the…, Bromine Outlook, Adjusted EBITDA for the full year 2022 is expected to grow approximately 25-30% from 2021 based on higher pricing resulting from strong demand in diverse end-markets including fire safety solutions and clear completion fluids for offshore new well drilling. Successful execution of growth projects in 2021 is expected to contribute to a 5-10% volume increase in full-year 2022. Bromine's ongoing…, Catalysts Results, In millions, Q2 2022, Q2 2021, $ Change, % Change, Net Sales $           210.3 $           148.3 $             62.0 41.8 % Adjusted EBITDA $               9.8 $             21.2 $            (11.4) (53.7) % Catalysts net sales of $210.3 million increased $62.0 million (+42%) compared to the previous year due to higher volumes (+37%) and higher pricing net of FX (+5%). Adjusted EBITDA of $9.8 million declined $11.4 million as higher sales were…, Catalysts Outlook,   Albemarle expects full-year 2022 adjusted EBITDA to be down 25-65% year-over-year, down from the previous outlook due to continued volatility of raw materials costs and natural gas pricing in Europe related to the war in Ukraine, partially offset by higher pricing. The strategic review of the Catalysts business is ongoing. The company expects to provide an update as soon as circumstances…, All Other, In millions, Q2 2022, Q2 2021, $ Change, % Change, Net Sales $                — $             25.5 $            (25.5) (100.0) % Adjusted EBITDA $                — $               8.4 $              (8.4) (100.0) % Other operations represent the FCS business which was sold on June 1, 2021., Balance Sheet and Liquidity, As of June 30, 2022, Albemarle had estimated liquidity of approximately $2.6 billion, including $930.6 million of cash and equivalents, the full $1 billion under its revolver, $500 million remaining under its amended delayed draw term loan and $200.7 million on other available credit lines. Total debt was $3.5 billion, representing net debt to adjusted EBITDA of approximately 1.7 times., Cash Flow and Capital Deployment, Cash from operations of $60.3 million decreased $325.5 million for the six months ended June 30, 2022, versus the prior year driven by working capital changes, primarily the increase in receivables and inventories from higher lithium pricing, as well as a $332.5 million litigation settlement payment, partially offset by increased adjusted EBITDA. Capital expenditures of $502.6 million increased…, Earnings Call, Date: Thursday, August 4, 2022 Time: 9:00 AM Eastern time Dial-in (U.S.): 844-200-6205 Dial-in (International): 929-526-1599 Passcode: 446425 The company's earnings presentation and supporting material are available on Albemarle's website at https://investors.albemarle.com ., About Albemarle, Albemarle Corporation (NYSE: ALB) is a global specialty chemicals company with leading positions in lithium, bromine and refining catalysts. Albemarle thinks 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. Albemarle actively pursues a sustainable approach to managing its…, 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 the timing of active and proposed projects, production capacity, committed volumes, pricing, financial flexibility, expected growth, anticipated return on opportunities, earnings and demand for Albemarle's products, productivity…, Three Months Ended, Six Months Ended, June 30,, June 30,, 2022, 2021, 2022, 2021, Net sales, $ 1,479,593 $   773,896 $ 2,607,321 $ 1,603,187 Cost of goods sold 899,169 525,479 1,577,867 1,091,083, Gross profit, 580,424 248,417 1,029,454 512,104 Selling, general and administrative expenses 128,942 121,516 241,510 214,703 Research and development expenses 17,386 13,976 33,469 28,612 (Gain) loss on sale of business/interest in properties — (429,408) 8,400 (429,408), Operating profit, 434,096 542,333 746,075 698,197 Interest and financing expenses (41,409) (7,152) (69,243) (51,034) Other income, net 8,767 14 24,263 11,326 Income before income taxes and equity in net income of unconsolidated investments 401,454 535,195 701,095 658,489 Income tax expense 89,018 106,985 169,548 129,092 Income before equity in net income of unconsolidated investments 312,436 428,210 531,547 529,…, June 30,, December 31,, 2022, 2021, ASSETS, Current assets: Cash and cash equivalents $           930,596 $           439,272 Trade accounts receivable 962,215 556,922 Other accounts receivable 124,409 66,184 Inventories 1,216,213 812,920 Other current assets 116,671 132,683 Total current assets 3,350,104 2,007,981 Property, plant and equipment 8,465,403 8,074,746 Less accumulated depreciation and amortization 2,257,379 2,165,130 Net…, LIABILITIES AND EQUITY, Current liabilities: Accounts payable $        1,091,583 $           647,986 Accrued expenses 330,941 763,293 Current portion of long-term debt 251,304 389,920 Dividends payable 46,097 45,469 Income taxes payable 61,837 27,667 Total current liabilities 1,781,762 1,874,335 Long-term debt 3,205,730 2,004,319 Postretirement benefits 43,079 43,693 Pension benefits 205,890 229,187 Other noncurrent…, Six Months Ended, June 30,, 2022, 2021, Cash and cash equivalents at beginning of year $     439,272 $      746,724 Cash flows from operating activities: Net income 722,139 563,906 Adjustments to reconcile net income to cash flows from operating activities: Depreciation and amortization 137,567 123,683 Loss (gain) on sale of business/interest in properties 8,400 (429,408) Stock-based compensation and other 15,232 8,425 Equity in net…, Three Months Ended, Six Months Ended, June 30,, June 30,, 2022, 2021, 2022, 2021, Net sales:, Lithium $   891,516 $   320,334 $ 1,441,788 $   599,310 Bromine 377,752 279,748 737,331 560,195 Catalysts 210,325 148,344 428,202 368,587 All Other — 25,470 — 75,095 Total net sales $ 1,479,593 $   773,896 $ 2,607,321 $ 1,603,187, Adjusted EBITDA:, Lithium $   495,208 $   109,441 $   803,823 $   215,877 Bromine 135,683 92,646 264,917 187,286 Catalysts 9,792 21,164 26,702 46,591 All Other — 8,379 — 29,858 Corporate (30,474) (37,002) (53,303) (54,930) Total adjusted EBITDA $   610,209 $   194,628 $ 1,042,139 $   424,682   See accompanying non-GAAP reconciliations below., Additional Information, It should be noted that adjusted net income attributable to Albemarle Corporation, adjusted diluted earnings per share, non-operating pension and OPEB items per diluted share, non-recurring and other unusual items per diluted share, adjusted effective income tax rates, EBITDA, adjusted EBITDA, EBITDA margin and adjusted EBITDA margin are financial measures that are not required by, or presented…, ALBEMARLE CORPORATION AND SUBSIDIARIES, Non-GAAP Reconciliations, (Unaudited), See below for a reconciliation of adjusted net income attributable to  Albemarle  Corporation, EBITDA and adjusted EBITDA, the non-GAAP financial measures, to Net income attributable to  Albemarle  Corporation ("earnings"), the most directly comparable financial measure calculated and reported in accordance with GAAP. Adjusted net income attributable to  Albemarle  Corporation is defined as net…, Three Months Ended, Six Months Ended, June 30,, June 30,, In thousands, except percentages and per share amounts, 2022, 2021, 2022, 2021, Net income attributable to Albemarle Corporation $      406,773 $      424,600 $      660,156 $      520,277 Add back: Non-operating pension and OPEB items (net of tax) (3,946) (4,273) (8,085) (8,540) Non-recurring and other unusual items (net of tax) 2,909 (315,996) 33,812 (283,235) Adjusted net income attributable to Albemarle Corporation $      405,736 $      104,331 $      685,883 $      228,…, EBITDA, 608,193 600,160 1,036,514 824,086 Non-operating pension and OPEB items (5,038) (5,471) (10,318) (10,936) Non-recurring and other unusual items (excluding items associated with interest expense) 7,054 (400,061) 15,943 (388,468), Adjusted EBITDA, $      610,209 $      194,628 $   1,042,139 $      424,682 Net sales $   1,479,593 $      773,896 $   2,607,321 $   1,603,187 EBITDA margin 41.1 % 77.6 % 39.8 % 51.4 % Adjusted EBITDA margin 41.2 % 25.1 % 40.0 % 26.5 %   See below for a reconciliation of adjusted EBITDA on a segment basis, the non-GAAP financial measure, to Net income attributable to Albemarle Corporation, the most directly…, Lithium, Bromine, Catalysts, Reportable Segments Total, All Other, Corporate, Consolidated Total, % of Net Sales, Three months ended June 30, 2022, Net income (loss) attributable to Albemarle Corporation $ 452,099 $ 122,461 $    (3,383) $ 571,177 $       — $ (164,404) $  406,773 27.5 % Depreciation and amortization 42,502 13,222 13,175 68,899 — 2,094 70,993 4.8 % Non-recurring and other unusual items 607 — — 607 — 6,447 7,054 0.5 % Interest and financing expenses — — — — — 41,409 41,409 2.8 % Income tax expense — — — — — 89,018 89,018 6.0 %…, Adjusted EBITDA, $ 495,208 $ 135,683 $     9,792 $ 640,683 $       — $  (30,474) $  610,209 41.2 %, Three months ended June 30, 2021, Net income (loss) attributable to Albemarle Corporation $  74,593 $  80,148 $     8,446 $ 163,187 $  7,972 $  253,441 $  424,600 54.9 % Depreciation and amortization 33,497 12,498 12,718 58,713 407 2,303 61,423 7.9 % Non-recurring and other unusual items 1,351 — — 1,351 — (401,412) (400,061) (51.7) % Interest and financing expenses — — — — — 7,152 7,152 0.9 % Income tax expense — — — — — 106,985…, Adjusted EBITDA, $ 109,441 $  92,646 $   21,164 $ 223,251 $  8,379 $  (37,002) $  194,628 25.1 %, Six months ended June 30, 2022, Net income (loss) attributable to Albemarle Corporation $ 713,788 $ 239,022 $        606 $ 953,416 $       — $ (293,260) $  660,156 25.3 % Depreciation and amortization 81,028 25,895 26,096 133,019 — 4,548 137,567 5.3 % Non-recurring and other unusual items 9,007 — — 9,007 — 6,936 15,943 0.6 % Interest and financing expenses — — — — — 69,243 69,243 2.7 % Income tax expense — — — — — 169,548 169,…, Adjusted EBITDA, $ 803,823 $ 264,917 $   26,702 $  1,095,442 $       — $  (53,303) $  1,042,139 40.0 %, Six months ended June 30, 2021, Net income (loss) attributable to Albemarle Corporation $ 144,965 $ 162,261 $   21,362 $ 328,588 $  27,988 $  163,701 $  520,277 32.5 % Depreciation and amortization 65,303 25,025 25,229 115,557 1,870 6,256 123,683 7.7 % Non-recurring and other unusual items (excluding items associated with interest expense) 5,609 — — 5,609 — (394,077) (388,468) (24.2) % Interest and financing expenses — — — — —…, Adjusted EBITDA, $ 215,877 $ 187,286 $   46,591 $ 449,754 $  29,858 $  (54,930) $  424,682 26.5 %   Non-operating pension and OPEB items, consisting of mark-to-market actuarial gains/losses, settlements/curtailments, interest cost and expected return on assets, are not allocated to Albemarle's operating segments and are included in the Corporate category. In addition, the company believes that these components of…, Three Months Ended, Six Months Ended, June 30,, June 30,, 2022, 2021, 2022, 2021, Interest cost $       5,894 $       5,430 $     11,826 $     10,858 Expected return on assets (10,932) (10,901) (22,144) (21,794) Total $      (5,038) $      (5,471) $    (10,318) $    (10,936)   In addition to the non-operating pension and OPEB items disclosed above, the company has identified certain other items and excluded them from Albemarle's adjusted net income calculation for the periods…, Three Months Ended, Six Months Ended, June 30,, June 30,, 2022, 2021, 2022, 2021, Restructuring and other (1) $            — $            — $            — $         0.01 Acquisition and integration related costs (2) 0.03 0.01 0.05 0.03 Albemarle Foundation contribution (3) — 0.13 — 0.13 Loss (gain) on sale of business/interest in properties (4) — (2.82) 0.07 (2.87) Loss on early extinguishment of debt (5) 0.13 0.01 0.13 0.21 Other (6) 0.01 0.04 — 0.10 Tax related items (7) (0.…, Income before income taxes and equity in net income of unconsolidated investments, Income tax expense, Effective income tax rate, Three months ended June 30, 2022, As reported $                    401,454 $                      89,018 22.2 % Non-recurring, other unusual and non-operating pension and OPEB items 21,235 22,272 As adjusted $                    422,689 $                    111,290 26.3 %, Three months ended June 30, 2021, As reported $                    535,195 $                    106,985 20.0 % Non-recurring, other unusual and non-operating pension and OPEB items (404,383) (84,114) As adjusted $                    130,812 $                      22,871 17.5 %, Six months ended June 30, 2022, As reported $                    701,095 $                    169,548 24.2 % Non-recurring, other unusual and non-operating pension and OPEB items 24,844 (883) As adjusted $                    725,939 $                    168,665 23.2 %, Six months ended June 30, 2021, As reported $                    658,489 $                    129,092 19.6 % Non-recurring, other unusual and non-operating pension and OPEB items (370,457) (78,682) As adjusted $                    288,032 $                      50,410 17.5 %   View original content to download multimedia: https://www.prnewswire.com/news-releases/albemarle-reports-strong-second-quarter-sales-growth-raising-…
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  • CHARLOTTE, N.C. , July 18, 2022 /PRNewswire/ -- The Board of Directors of, Albemarle Corporation, (NYSE: ALB) announces that it has declared a quarterly dividend of $0.395 per share. The dividend, which has an annualized rate of $1.58, is payable October 3, 2022, to shareholders of record at the close of business as of September 16, 2022., About Albemarle Corporation, 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…, 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. , July 7, 2022 /PRNewswire/ --, Albemarle Corporation, (NYSE: ALB), a leader in the global specialty chemicals industry, announced today that it will release its second-quarter 2022 earnings after the NYSE closes on Wednesday, August 3, 2022. The company will hold its conference call to discuss second-quarter 2022 results on Thursday, August 4, 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 numbers:, PARTICIPANT INFORMATION (Public):, Canada dial-in number (Toll Free): 1 833 950 0062 Canada dial-in number (Local): 1 226 828 7575 United States: 1 844 200 6205 United States (Local): 1 646 904 5544 All other locations: +1 929 526 1599 Participant Access code: 446425, *Participants will need to enter the participant access code before being met by an operator. Please include this when sending details to participants., Webcast Details, Event Title: Q2 2022 Albemarle Corporation Earnings Conference Call Event Date: August 4, 2022 Start Time: 09:00 AM (GMT-04:00) Eastern Time (US and Canada)   , Attendee URL (Public):, For inclusion in your invitations to webcast attendees. https://events.q4inc.com/attendee/824094798 To avoid registration wait times, participants are encouraged to use the webcast link as the primary listening source. If a caller is anticipating asking a question, please dial in 15 minutes before the start of the call to be placed in the queue early. An online replay of this call will be…, 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 2, 2022 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a leader in the global specialty chemicals industry, announced today the release of its annual global Sustainability Report., 2021 Sustainability Report Highlights, On Track to Meet Existing Targets for GHG and Freshwater Intensity Initial Assessment of Scope 3 Greenhouse Gas Emissions (GHG) Completed Initial Life Cycle Assessments (LCAs) of Lithium Products New Targets for Diversity, Equity and Inclusion (DE&I) Priorities Sustainability Webcast Scheduled for June 28, 2022, at 9 a.m. EDT "Albemarle plays an important role in combating climate change,…, On Track to Meet Existing Targets for GHG Emissions and Freshwater Reductions, Last year, Albemarle began executing its climate strategy and the company is on track to meet or exceed initial sustainability targets for GHG emissions and freshwater intensity. This year's report includes 2021 actions such as the procurement of renewable energy in the U.S. and the Netherlands and construction completion of a $100 million thermal evaporator in Chile. Albemarle also engaged…, Initial Assessment of Scope 3 GHG Emissions and Completed LCAs, In this year's report, Albemarle announced its initial assessment of scope 3 GHG emissions, including areas such as purchased goods and services, processing of sold products, use of sold products, and end-of-life treatment of sold products. The company will continue to refine its assessment in the coming years and will use the initial assessment to work with customers and suppliers to reduce…, DE&I Targets, In 2021, the company released its DE&I strategic plan for measurable actions to integrate DE&I in decision making, enhance organizational effectiveness, and meet future challenges and needs.  Albemarle has set a 2022 goal of increasing global gender diversity by a further 1% year over year with a particular focus on its manufacturing workforce, and a goal to increase U.S. racial diversity…, Albemarle Sustainability Webcast, Albemarle will host a webcast on Tuesday, June 28, at 9 a.m. EDT with CEO Kent Masters, CFO Scott Tozier, VP of Government and Community Affairs Ellen Lenny-Pessagno, VP of Investor Relations and Sustainability Meredith Bandy and VP of Culture Timitra Hildebrand-Jones, who will present an update on Albemarle's sustainability initiatives. Registration for the webcast can be accessed here . Once…, About Albemarle, Albemarle Corporation (NYSE: ALB) 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 to managing our diverse global…, 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 25, 2022 /PRNewswire/ --, Albemarle Corporation, (NYSE: ALB), a leader in the global specialty chemicals industry, announced today that Eric Norris, president, Lithium, will participate in a virtual panel discussion at the Loop Capital Markets 2022 Investor Conference on June 1, 2022, at 12:00 pm ET. A webcast replay will be available immediately following the conclusion of the event through the Events and Presentations page on Albemarle's…, 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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  •   Enhancement reflects additional lithium contract renegotiations CHARLOTTE, N.C. , May 23, 2022 /PRNewswire/ --, Albemarle Corporation, (NYSE: ALB), a leader in the global specialty chemicals industry, today announced improved full-year 2022 guidance primarily due to the completion of additional lithium contract renegotiations following the company's Q1 2022 earnings release on May 4, 2022. "Over the past 12 months, we've made significant progress in renegotiating more variable-priced contracts with our lithium customers. …, Previously Revised, FY 2022 Guidance, Further Revised, FY 2022 Guidance, Net sales $5.2 - $5.6 billion $5.8 - $6.2 billion Adjusted EBITDA $1.7 - $2.0 billion $2.2 - $2.5 billion Adjusted EBITDA Margin 33% - 36% 38% - 40% Adjusted Diluted EPS $9.25 - $12.25 $12.30 - $15.00 Net Cash from Operations $500 - $800 million $550 - $850 million Capital Expenditures $1.3 - $1.5 billion $1.3 - $1.5 billion Lithium adjusted EBITDA for the full year 2022 is now expected to grow…, Investor Conferences, Albemarle regularly attends investor relations events as listed on our website. As previously announced, Kent Masters, chief executive officer, and Scott Tozier, chief financial officer, will present at the 2022 Jefferies Renewable Energy Conference in London on May 24, 2022, at 11:00 am ET.  The presentation materials and webcast will be accessible at the time of the event through the Events 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…, Forward-Looking Statements, Some of the information presented in this press release, the conference call and discussions that follow, including, without limitation, statements with respect to 2022 outlook, information related to the timing of active and proposed projects, production capacity, committed volumes, pricing, financial flexibility, expected growth, anticipated return on opportunities, earnings and demand for its…, Additional Information, It should be noted that adjusted EBITDA, adjusted EBITDA margin and adjusted diluted earnings per share 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 as alternatives to Net income attributable to Albemarle Corporation ("earnings") or other…
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  • CHARLOTTE, N.C. , May 13, 2022 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a leader in the global specialty chemicals industry, today announced that it intends to redeem all its outstanding 4.150% Senior Notes due 2024 (CUSIP No. 012725 AC1, ISIN No. US012725AC13) (the "Notes") on June 12, 2022 (the "Redemption Date"). The Notes will be redeemed at a redemption price equal to the greater…, Trustee, "), to distribute a Notice of Redemption to all registered holders of the Notes on or about May 13, 2022.  Copies of such Notice of Redemption and additional information relating to the procedure for redemption of the Notes may be obtained from the Trustee by calling its Bondholder Communications team at 1-800-934-6802 Monday through Friday from 8 a.m. Central Time to 6 p.m. Central Time or by…, About Albemarle Corporation, 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…, Forward-Looking Statements, Some of the information presented in this press release, including, without limitation, the Company's ability to complete the redemption and reduce its outstanding indebtedness, 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…
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  • CHARLOTTE, N.C. , May 11, 2022 /PRNewswire/ --, Albemarle Corporation, (NYSE: ALB), a leader in the global specialty chemicals industry, announced today that Kent Masters, chief executive officer, and Scott Tozier, chief financial officer, will present at the 2022 Jefferies Renewable Energy Conference in London on May 24, 2022, at 11:00 am ET. The presentation materials and a webcast will be accessible at the time of the event through the Events and Presentations…, 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., May 11, 2022 /PRNewswire/,  --, Albemarle Corporation (NYSE: ALB), a leader in the global specialty chemicals industry, today announced the pricing of an underwritten public offering of senior notes consisting of: $650,000,000 of 4.650% senior notes due 2027, $600,000,000 of 5.050% senior notes due 2032, and $450,000,000 of 5.650% senior notes due 2052. The notes will be Albemarle's general senior unsecured obligations. The…, About Albemarle Corporation, 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…, Forward-Looking Statements, Some of the information presented in this press release, including, without limitation, information regarding the terms of the public offering, the intended use of proceeds from the offering and the satisfaction of customary closing conditions with respect to the offering, and all other information relating to matters that are not historical facts may constitute forward-looking statements within…
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