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Albemarle Corporation (NYSE: ALB), headquartered in Baton Rouge, Louisiana, is a leading specialty chemicals company with a global footprint. Albemarle excels in developing, manufacturing, and marketing high-value products such as lithium and lithium compounds, bromine and derivatives, catalysts, and surface treatment chemistries. These products find applications in a wide array of industries, including consumer electronics, flame retardants, metal processing, plastics, transportation, refining, pharmaceuticals, agriculture, and construction.
As a fully integrated lithium producer, Albemarle operates significant upstream resources, including salt brine deposits in Chile and the US, and hard rock mines in Australia through joint ventures. The company has refining operations in Chile, the US, Australia, and China, making it one of the world's largest lithium producers. With lithium playing a crucial role in electric vehicle batteries, Albemarle is well-positioned for growth in the energy storage market, boasting 35% volume growth in Energy Storage sales volumes in 2023.
In addition to its stronghold in the lithium market, Albemarle is a global leader in bromine production, essential for flame retardants, and a significant producer of oil refining catalysts. The company's ongoing projects include the expansion of lithium conversion plants and advancements in technology for sustainable solutions.
Financially, Albemarle achieved a record net sales of $9.6 billion in 2023, driven by a 31% increase from the previous year. The company's continuous growth and strategic investments have positioned it for future success. Albemarle employs approximately 6,900 people and serves clients in around 100 countries, further strengthening its global presence.
Albemarle is committed to community development and environmental stewardship. Recently, the company announced a $1 million donation to Cleveland Community College to enhance workforce training programs and foster regional economic growth. Moreover, Albemarle's proactive measures are expected to unlock over $750 million in cash flow, ensuring ongoing financial flexibility and sustainable growth.
For more information on Albemarle Corporation, visit their website at www.albemarle.com.
Albemarle (NYSE: ALB) has declared a quarterly common stock dividend of $0.405 per share, maintaining an annualized rate of $1.62. The dividend will be payable on April 1, 2025, to shareholders of record as of March 14, 2025.
Albemarle, a global leader in transforming essential resources into critical ingredients for mobility, energy, connectivity and health, specializes in providing reliable and high-quality global supply of lithium and bromine for advanced customer solutions.
Albemarle (NYSE: ALB), a global leader in essential elements, has announced its participation in two major investor conferences in February 2025. Kent Masters, chairman and CEO, will present at the BMO Capital Markets 2025 Global Metals, Mining & Critical Materials Conference on February 24 at 3 p.m. ET. Additionally, Neal Sheorey, CFO, will participate in a fireside chat at the BofA Securities 2025 Global Agriculture and Materials Conference on February 26 at 7:30 a.m. ET.
Both events will be accessible via live webcasts through Albemarle's investor relations website, with replay options available after the presentations. Albemarle, as a leading provider of lithium and bromine globally, focuses on transforming essential resources into critical ingredients for mobility, energy, connectivity, and health sectors.
Albemarle (NYSE: ALB) reported Q4 2024 results with net sales of $1.2 billion, down 48% year-over-year, and net income of $75 million ($0.29 per diluted share). The company posted an adjusted diluted loss per share of ($1.09).
Full-year 2024 performance showed net sales of $5.4 billion, with Energy Storage sales volumes up 26%. However, the company recorded a net loss of $1.2 billion, or ($11.20) per diluted share, including restructuring charges and asset write-offs. Full-year adjusted EBITDA was $1.1 billion, with cash from operations of $702 million.
For 2025, Albemarle is reducing capital expenditures by $100 million to $700-800 million, representing a more than 50% year-over-year reduction. The company is implementing cost reduction measures, optimizing its conversion network, and expects to achieve breakeven free cash flow in 2025.
Albemarle (NYSE: ALB), a global leader in essential elements for mobility, energy, connectivity and health, has scheduled its fourth-quarter 2024 earnings release for Wednesday, February 12, 2025, after NYSE market close. The company will host a conference call to discuss the results on Thursday, February 13, at 8:00 a.m. ET.
The earnings call will be accessible via webcast through Albemarle's investor relations website and through direct dial-in options. U.S. & Canada participants can join toll-free at 1-800-590-8290, while international callers can dial 1-240-690-8800 using the conference ID: ALBQ4. A replay of the webcast will be made available on the company's website after the event.
Albemarle (NYSE: ALB), a global leader in essential elements, announced that Eric Norris, chief commercial officer, will participate in a fireside chat at the Deutsche Bank Lithium & Battery Supply Chain Conference on December 4, 2024. The 20-minute session is scheduled for 8:00 AM EST.
The event will be accessible via webcast through Albemarle's investor relations website, with a replay available for 180 days. Albemarle specializes in transforming essential resources into critical ingredients for mobility, energy, connectivity, and health, with a focus on global lithium and bromine supply.
Albemarle (NYSE: ALB) reported third-quarter 2024 results with net sales of $1.4 billion and a net loss of ($1.1) billion, or ($9.45) per diluted share. The loss included $861 million in pre-tax charges primarily from capital project asset write-offs. Energy Storage and Specialties volumes increased by 16% and 4% respectively. The company announced cost-saving initiatives including a 6-7% global workforce reduction and transition to an integrated functional model, expecting annual savings of $300-400 million. FY2025 capital expenditures will be reduced by approximately 50% to $800-900 million. Albemarle maintains its full-year 2024 outlook despite lower market pricing, supported by cost improvements and higher volumes.
Albemarle (NYSE: ALB) has declared a quarterly common stock dividend of $0.405 per share, with an annualized rate of $1.62. The dividend will be paid on January 2, 2025, to shareholders of record as of December 13, 2024. Albemarle is a global leader in providing essential elements for mobility, energy, connectivity and health, specializing in lithium and bromine supply for advanced solutions.
Albemarle (NYSE: ALB), a global leader in essential elements for mobility, energy, connectivity, and health, has announced the release of its third-quarter 2024 earnings after NYSE closes on Wednesday, November 6, 2024. The company will host a conference call to discuss the results on Thursday, November 7, at 8:00 a.m. ET. Investors can access the call via webcast or direct dial, with toll-free numbers provided for U.S. & Canada and international participants. A webcast replay will be available after the event on Albemarle's investor relations website.
Albemarle is known for transforming essential resources into critical ingredients, focusing on reliable and high-quality global supply of lithium and bromine. The company aims to pioneer new ways to move, power, connect, and protect with consideration for people and the planet.
Albemarle (NYSE: ALB) has been named one of the World's Best Companies in 2024 by TIME magazine. The recognition is based on exceptional performance in employee satisfaction, revenue growth, and sustainability. Albemarle, a global leader in essential elements for mobility, energy, connectivity, and health, was one of only seven companies headquartered in the Carolinas to receive this honor.
The company has also been recognized for diversity and its performance on business issues important to Americans. Albemarle joined the Fortune 500 rankings last year and was named one of America's Greatest Workplaces for Diversity in 2024 by Newsweek. The selection process, conducted in partnership with Statista, analyzed businesses with at least $100 million in revenue in 2023 after two consecutive years of growth.
Albemarle (NYSE: ALB), a global leader in essential elements, has announced a comprehensive review of its cost and operating structure, along with immediate asset actions at its Kemerton lithium processing site in Australia. These measures aim to address industry headwinds, particularly in the lithium value chain, and maintain long-term competitiveness. The company's strategy focuses on preserving resource advantages, optimizing conversion networks, improving cost competitiveness, reducing capital intensity, and enhancing financial flexibility.
At Kemerton, Albemarle will stop construction of Train 3, idle production at Train 2, and focus on ramping up Train 1. The company plans to provide more details during its third quarter earnings call. CEO Kent Masters emphasized the need to adapt to global market dynamics while leveraging core capabilities. These actions coincide with Albemarle's release of its second quarter 2024 earnings results.
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