CHARLOTTE, N.C. , Jan. 17, 2023 /PRNewswire/ --, Albemarle Corporation, (NYSE: ALB), a leader in the global specialty chemicals industry, announced today that it will release its fourth-quarter 2022 earnings after the NYSE closes on Wednesday, Feb. 15, 2023. The company will hold its conference call to discuss fourth-quarter 2022 results on Thursday, Feb. 16, 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: 788162, *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: Q4 2022 Albemarle Corporation Earnings Conference Call Event Date: Feb. 16, 2023 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/405753058 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…
Type: Article
CHARLOTTE, N.C. , Dec. 13, 2022 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a leader in the global specialty chemicals industry, today announced it has acquired a location in Charlotte, North Carolina, where it will invest at least $180 million to establish the Albemarle Technology Park (ATP), a world-class facility designed for novel materials research, advanced process development, 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, including, without limitation, information related to Albemarle's investment in the ATP facility, including the amount of such investment; the timing of initial occupancy and completion of the facility and its campus; the number of jobs created at the facility and average salaries of such positions; the type of operations and activities to…
Type: Article
CHARLOTTE, N.C. , Dec. 12, 2022 /PRNewswire/ --, Albemarle Corporation, (NYSE: ALB), a leader in the global specialty chemicals industry, announced today its plans to host a webcast on Tuesday, Jan. 24, 2023. Albemarle CEO Kent Masters and CFO Scott Tozier will present alongside other members of Albemarle's executive management team. The purpose of the webcast is to provide an update on corporate strategy, including 2023 guidance and a five-year outlook for the…, http://investors.albemarle.com, . Further details will be shared as the event date approaches., 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…
Type: Article
Soil treatment that captures dangerous neurotoxins, CHARLOTTE, N.C. , Dec. 8, 2022 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB ), a leader in the global specialty chemicals industry, today unveiled a breakthrough product that captures mercury from soil and mining waste, helping to remove this harmful element from the food chain. MercLok™ is a soil treatment for mercury remediation. Known in the industry as an amendment, MercLok cost-…, 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…
Type: Article
CHARLOTTE, N.C. , Nov. 21, 2022 /PRNewswire/ --, Albemarle Corporation, (NYSE: ALB), a leader in the global specialty chemicals industry, announced today that the company's management team is scheduled to participate in two institutional investor conferences in December. On Dec. 6, Meredith Bandy, vice president, Investor Relations and Sustainability, and Mark de Boer, vice president, Sustainability, are scheduled to host investor meetings at the BMO Growth & ESG…, 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…, www.albemarle.com, , including notification of events, news, financial performance, investor presentations and webcasts, non-GAAP reconciliations, SEC filings and other information regarding our company, its businesses and the markets it serves., Forward-Looking Statements, Some of the information presented in this press release, including, without limitation, information related to attendance at investor or other conferences 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…
Type: Article
CHARLOTTE, N.C. , Oct. 31, 2019 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a leader in the global specialty chemicals industry, announced today that it has closed its transaction with Mineral Resources Limited (", MRL", ) (ASX: MIN) under the Asset Sale and Share Subscription Agreement that was entered into on December 14, 2018 , and subsequently amended on August 1, 2019 , and the MRL Kemerton Sale and Purchase Agreement that was entered into on August 1, 2019 (", Agreement", ). The 60/40 joint venture between Albemarle and MRL, respectively, is named MARBL Lithium Joint Venture (", MARBL, "). Under the Agreement, Albemarle has acquired a 60% interest in MRL's Wodgina spodumene mine in Western Australia for US$1.3 billion , consisting of a cash payment of US$820 million , and the transfer to MRL of a 40% interest in two 25 ktpa lithium hydroxide conversion trains being built by Albemarle at Kemerton in Western Australia. MARBL will manage the operation of the Wodgina mine and the…, 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 plans and anticipated benefits in relation to the joint venture, 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…
Type: Article
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…
Type: Article
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…
Type: Article
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-…
Type: Article
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-…
Type: Article