Welcome to our dedicated page for Albemarle Corporation news (Ticker: ALB), a resource for investors and traders seeking the latest updates and insights on Albemarle Corporation stock.
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 Corporation (NYSE: ALB), a leader in specialty chemicals, has joined ZETA, a coalition aiming for 100% electric vehicle (EV) sales in the U.S. by 2030. This initiative seeks to enhance EV adoption, create jobs, and reduce carbon pollution. Key policy proposals include consumer EV incentives, emissions standards, infrastructure investments, early retirement incentives for legacy vehicles, and federal cooperation with local entities. With transportation now the primary source of U.S. carbon emissions, ZETA's formation highlights the urgent need for national leadership in clean transportation.
Albemarle Corporation (NYSE: ALB) will participate in Deutsche Bank's 5th Annual Lithium and Battery Supply Chain Conference on November 17, 2020. Key executives, including Eric Norris, President of Lithium, and others, will engage in discussions and one-on-one meetings. The event will be available via webcast, with materials accessible on Albemarle's website. The replay will be available for 90 days. Albemarle is recognized for its leadership in specialty chemicals, focusing on sustainable practices across global industries.
Albemarle Corporation (NYSE: ALB) reported its Q3 2020 results, highlighting a net income of $98 million and adjusted diluted EPS of $1.09. Net sales decreased by 15% year-over-year to $746.9 million, primarily due to lower sales in the Catalysts and Lithium segments. Adjusted EBITDA also fell by 15% to $216 million. The company anticipates a full-year performance decline driven by the pandemic. However, it aims for sustainable cost savings of approximately $80 million in 2020 and plans to maintain a quarterly dividend of $0.385 per share.
Albemarle Corporation (NYSE: ALB), a leader in specialty chemicals, announces its participation in the Baird Global Industrial Conference on November 10, 2020, at 8:30 a.m. ET. President of Catalysts, Raphael Crawford, will speak at the event, joined by Vice Presidents Meredith Bandy and Sharon McGee for one-on-one meetings. Interested parties can access the webcast and presentation materials via Albemarle's website, with replay available for 90 days. Albemarle specializes in lithium, bromine, and refining catalysts, focusing on sustainable solutions.
The Board of Directors of Albemarle Corporation (NYSE: ALB) has declared a quarterly dividend of $0.385 per share, amounting to an annualized rate of $1.54. The dividend is payable on Jan. 4, 2021, to shareholders recorded by the close of business on Dec. 11, 2020. This action reflects the company's commitment to returning value to its shareholders amidst its operations in the specialty chemicals sector, particularly in lithium and bromine.
Albemarle Corporation (NYSE: ALB) will participate in virtual fireside chats with Robert W. Baird & Co. and Jefferies & Company on October 7 and October 8, 2020. Key executives, including CEO Kent Masters and CFO Scott Tozier, will discuss sustainability strategies during the October 7 session, while Eric Norris and Dr. Glen Merfeld will cover the lithium market on October 8. Webcasts will be accessible on Albemarle's investor relations page starting at 1 p.m. ET on October 7 and 11 a.m. ET on October 8, with replays available for 90 days.
Albemarle Corporation (NYSE: ALB), a leader in specialty chemicals, announced a virtual fireside chat with UBS on September 24, 2020, at 7:00 PM EDT. Key participants include Eric Norris, Meredith Bandy, and Sharon McGee from Albemarle, along with UBS representatives Glyn Lawcock and John Roberts. This audio-only event requires registration, which can be completed through a link provided in the press release. Albemarle is committed to sustainable practices in industries such as energy and transportation, leveraging its expertise in lithium and bromine.
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