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- CHARLOTTE, N.C. , July 30, 2025 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity and health, announced today that Ander Krupa has been promoted to executive vice president, general counsel, corporate secretary and chief compliance officer. "Ander's demonstrated leadership, broad legal expertise, and deep…, About Albemarle, Albemarle Corp. (NYSE: ALB) leads the world in transforming essential resources into critical ingredients for mobility, energy, connectivity and health. We partner to pioneer new ways to move, power, connect and protect with people and planet in mind. A reliable and high-quality global supply of lithium and bromine allows us to deliver advanced solutions for our customers. Learn more about how…, Media Contact: Peter Smolowitz, +1 (980) 308-6310, [email protected], Investor Relations Contact: +1 (980) 299-5700, [email protected], View original content to download multimedia: https://www.prnewswire.com/news-releases/albemarle-announces-new-general-counsel-corporate-secretary-and-chief-compliance-officer-302517673.html SOURCE Albemarle CorporationTyp: Article
- CHARLOTTE, N.C. , July 30, 2025 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity and health, today announced its results for the second quarter ended June 30, 2025., Second-Quarter, 2025 and Recent Highlights, (Unless otherwise stated, all percentage changes represent year-over-year comparisons) Net sales of $1.3 billion, including volume growth in Energy Storage (+15%) and Specialties (+6%). Net income of $23 million, or ($0.16) per diluted share attributable to common shareholders; adjusted diluted earnings per share attributable to common shareholders of $0.11. Adjusted EBITDA of $336 million; up…, Second Quarter 2025 Results, In millions, except per share amounts, Q2 2025, Q2 2024, $ Change, % Change, Net sales $ 1,330.0 $ 1,430.4 $ (100.4) (7.0) % Net income (loss) attributable to Albemarle Corporation $ 22.9 $ (188.2) $ 211.1 112.2 % Adjusted EBITDA (a) $ 336.5 $ 386.4 $ (49.9) (12.9) % Diluted loss per share attributable to common shareholders $ (0.16) $ (1.96) $ 1.80 91.8 % Non-recurring and other unusual items (a) 0.27…, Energy Storage Results, In millions, Q2 2025, Q2 2024, $ Change, % Change, Net Sales $ 717.7 $ 830.1 $ (112.5) (13.5) % Adjusted EBITDA $ 219.7 $ 283.0 $ (63.3) (22.4) % Energy Storage net sales for the second quarter of 2025 were $718 million, a decrease of $112 million, or 14%, due to lower pricing (-28%). Volumes were up 15% thanks to record production from our integrated conversion network partially offset…, Specialties Results, In millions, Q2 2025, Q2 2024, $ Change, % Change, Net Sales $ 351.6 $ 334.6 $ 17.0 5.1 % Adjusted EBITDA $ 73.0 $ 54.2 $ 18.8 34.7 % Specialties net sales for the second quarter of 2025 were $352 million, an increase of $17 million, or 5%, primarily due to higher volumes (+6%), which more than offset lower prices (-1%). Adjusted EBITDA of $73 million increased $19 million…, Ketjen Results, In millions, Q2 2025, Q2 2024, $ Change, % Change, Net Sales $ 260.8 $ 265.7 $ (4.9) (1.8) % Adjusted EBITDA $ 28.6 $ 37.8 $ (9.3) (24.5) % Ketjen net sales for the second quarter of 2025 were $261 million, down 2% compared to the prior-year quarter as higher prices (+2%) were offset by lower volumes (-4%), primarily due to the timing of sales. Adjusted EBITDA of $29 million…, 2025 Outlook Considerations, Total Corporate Outlook Considerations, Albemarle is maintaining its prior full-year outlook considerations for Energy Storage, which are based on observed lithium market price scenarios. Notably, the previously published $9/kg LCE ranges are expected to apply assuming current lithium market pricing persists for the remainder of the year, due to successful execution of cost and productivity improvements, operational excellence…, Total Corporate FY 2025E, Including Energy Storage Scenarios, Observed market price case (a) Q2 2025 average H1 2024 range Q4 2023 average Average lithium market price ($/kg LCE) (a) ~$9 $12-15 ~$20 Net sales $4.9 - $5.2 billion $5.3 - $6.1 billion $6.5 - $7.0 billion Adjusted EBITDA (b) $0.8 - $1.0 billion $1.2 - $1.8 billion $2.5 - $2.7 billion (a) Price represents blend of relevant market pricing including spot and regional indices for the periods…, Energy Storage Market Price Scenarios, Energy Storage FY 2025E, Observed market price case (a) Q2 2025 average H1 2024 range Q4 2023 average Average lithium market price ($/kg LCE) (a) ~$9 $12-15 ~$20 Net sales $2.5 - $2.6 billion $2.9 - $3.5 billion $4.2 - $4.5 billion Adjusted EBITDA $0.6 - $0.7 billion $1.0 - $1.5 billion $2.2 - $2.4 billion Equity in net income of unconsolidated investments (net of tax) (b) $0.2 - $0.3 billion $0.3 - $0.5 billion $0.6 - $…, Specialties and Ketjen Outlook Considerations, Specialties outlook reflects volume growth in key end markets led by pharma, automotive, and oilfield, partially offset by weakness in building and construction. Ketjen outlook assumes strong fluidized catalytic cracking (FCC) volume offset by lower clean fuel technologies (CFT) volume due to order timing., Segment FY 2025E, Specialties net sales $1.3 - $1.5 billion Specialties adjusted EBITDA $210 - $280 million Ketjen net sales $1.0 - $1.1 billion Ketjen adjusted EBITDA $120 - $150 million , Other Corporate Outlook Considerations, Albemarle expects its 2025 capital expenditures to be between $650 and $700 million, down approximately 60% from $1.7 billion in 2024. This level of spending reflects in part a timing impact and a continued prioritization on sustaining existing assets and resources. Reduced corporate costs reflects cost savings and foreign exchange gains to date., Other Corporate FY 2025E, Capital expenditures $650 - $700 million Depreciation and amortization $630 - $670 million Adjusted effective tax rate (a) (40)% - 25% Corporate costs (b) $40 - $70 million Interest and financing expenses $180 - $210 million Weighted-average common shares outstanding (diluted) 118 million (a) Adjusted effective tax rate dependent on lithium market prices and geographic income mix (b) FY 2025E…, Cash Flow and Capital Deployment, Cash from operations of $538 million in the first half of 2025 increased $73 million compared to the prior-year period. We now expect to achieve positive free cash flow for the full year 2025 assuming current lithium market pricing persists for the remainder of the year. Capital expenditures of $302 million decreased by $732 million versus the prior-year period, reflecting the impact of decisions…, Balance Sheet and Liquidity, As of June 30, 2025, Albemarle had estimated liquidity of approximately $3.4 billion, including $1.8 billion of cash and cash equivalents, $1.5 billion available under our revolver and $114 million available under other credit lines. Total debt was $3.6 billion, representing a net debt to adjusted EBITDA ratio (as defined in our credit agreement) of approximately 2.3 times., Earnings Call, Date: Thurs., July 31, 2025 Time: 8:00 AM Eastern time Dial-in (U.S.): 1-800-590-8290 Dial-in (International): 1-240-690-8800 Conference ID: ALBQ2 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 leader in transforming essential resources into critical ingredients for mobility, energy, connectivity, and health. We partner to pioneer new ways to move, power, connect and protect with people and planet in mind. A reliable and high-quality global supply of lithium and bromine allows us to deliver advanced solutions for our customers. Learn more…, www.albemarle.com, , including notification of events, news, financial performance, investor presentations and webcasts, non-GAAP reconciliations, Securities and Exchange Commission ("SEC") filings and other information regarding the company, its businesses and the markets it serves., Forward-Looking Statements, This press release contains statements concerning our expectations, anticipations and beliefs regarding the future, which constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, which are based on assumptions that we have made as of the date hereof and are subject to known and unknown risks and…, Three Months Ended, Six Months Ended, June 30,, June 30,, 2025, 2024, 2025, 2024, Net sales $ 1,329,992 $ 1,430,385 $ 2,406,873 $ 2,791,121 Cost of goods sold 1,133,116 1,440,963 2,053,698 2,762,761 Gross profit (loss) 196,876 (10,578) 353,175 28,360 Selling, general and administrative expenses 132,457 166,423 255,959 327,799 Restructuring charges and asset write-offs 4,448 294,840 3,385 328,376 Research and development expenses 12,444 20,770 26,543 44,302 Operating profit (…, June 30,, December 31,, 2025, 2024, ASSETS, Current assets: Cash and cash equivalents $ 1,806,829 $ 1,192,230 Trade accounts receivable 766,433 742,201 Other accounts receivable 113,305 238,384 Inventories 1,640,925 1,502,531 Other current assets 177,695 166,916 Total current assets 4,505,187 3,842,262 Property, plant and equipment 12,792,572 12,523,368 Less accumulated depreciation and amortization 3,539,678 3,191,898 Net…, LIABILITIES AND EQUITY, Current liabilities: Accounts payable to third parties $ 737,317 $ 793,455 Accounts payable to related parties 121,464 150,432 Accrued expenses 414,884 467,997 Current portion of long-term debt 444,911 398,023 Dividends payable 61,331 61,282 Income taxes payable 169,877 95,275 Total current liabilities 1,949,784 1,966,464 Long-term debt 3,178,111 3,118,142 Postretirement…, Six Months Ended, June 30,, 2025, 2024, Cash and cash equivalents at beginning of year $ 1,192,230 $ 889,900 Cash flows from operating activities: Net income (loss) 84,491 (159,947) Adjustments to reconcile net income (loss) to cash flows from operating activities: Depreciation and amortization 330,485 262,030 Non-cash restructuring and asset write-offs — 276,013 Stock-based compensation and other 17,068 15,439 Equity in net…, Three Months Ended, Six Months Ended, June 30,, June 30,, 2025, 2024, 2025, 2024, Net sales:, Energy Storage $ 717,656 $ 830,110 $ 1,242,221 $ 1,631,008 Specialties 351,560 334,600 672,574 650,665 Ketjen 260,776 265,675 492,078 509,448 Total net sales $ 1,329,992 $ 1,430,385 $ 2,406,873 $ 2,791,121, Adjusted EBITDA:, Energy Storage $ 219,725 $ 282,979 $ 406,080 $ 480,975 Specialties 72,977 54,175 131,643 99,356 Ketjen 28,567 37,836 67,155 59,815 Total segment adjusted EBITDA 321,269 374,990 604,878 640,146 Corporate 15,206 11,370 (1,259) 37,450 Total adjusted EBITDA $ 336,475 $ 386,360 $ 603,619 $ 677,596 See accompanying non-GAAP reconciliations below., Additional Information regarding Non-GAAP Measures, It should be noted that adjusted net income (loss) attributable to Albemarle Corporation, adjusted net income (loss) attributable to Albemarle Corporation common shareholders, adjusted diluted income (loss) per share attributable to common shareholders, non-operating pension and other post-employment benefit ("OPEB") items per diluted share, non-recurring and other unusual items per diluted share…, ALBEMARLE CORPORATION AND SUBSIDIARIES, Non-GAAP Reconciliations, (Unaudited), See below for a reconciliation of adjusted net income attributable to Albemarle Corporation, adjusted net income (loss) attributable to Albemarle Corporation common shareholders, EBITDA and adjusted EBITDA (on a consolidated basis), which are non-GAAP financial measures, to Net income attributable to Albemarle Corporation, the most directly comparable financial measure calculated and reported in…, Three Months Ended, Six Months Ended, June 30,, June 30,, 2025, 2024, 2025, 2024, In thousands, except percentages and per share amounts, $, % of net sales, $, % of net sales, $, % of net sales, $, % of net sales, Net income (loss) attributable to Albemarle Corporation $22,897 $ (188,198) $64,245 $ (185,750) Add back: Non-operating pension and OPEB items (net of tax) 169 (336) 294 (687) Non-recurring and other unusual items (net of tax) 31,708 234,498 10,508 274,542 Adjusted net income attributable to Albemarle Corporation 54,774 45,964 75,047 88,105 Mandatory…, EBITDA, 275,661 20.7 % (45,392) (3.2) % 523,762 21.8 % 115,055 4.1 % Proportionate share of Windfield income tax expense 33,150 2.5 % 119,780 8.4 % 58,476 2.4 % 193,469 6.9 % Non-operating pension and OPEB items 336 — % (337) — % 611 — % (662) — % Non-recurring and other unusual items 27,328 2.1 % 312,309 21.8 % 20,770 0.9 % 369,734 13.2 %, Adjusted EBITDA, $336,475 25.3 % $ 386,360 27.0 % $ 603,619 25.1 % $ 677,596 24.3 % Net sales $ 1,329,992 $ 1,430,385 $ 2,406,873 $ 2,791,121 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…, Three Months Ended, Six Months Ended, June 30,, June 30,, 2025, 2024, 2025, 2024, Interest cost $ 8,924 $ 8,501 $ 17,734 $ 17,006 Expected return on assets (8,588) (8,838) (17,123) (17,668) Total $ 336 $ (337) $ 611 $ (662) 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 (loss) calculation for the…, Three Months Ended, Six Months Ended, June 30,, June 30,, 2025, 2024, 2025, 2024, Restructuring charges and asset write-offs (1) $ 0.02 $ 1.84 $ 0.01 $ 2.07 Acquisition and integration related costs (2) 0.01 0.01 0.02 0.02 Gain (loss) in fair value of public equity securities (3) — 0.12 0.03 0.47 Other (4) 0.13 (0.03) 0.05 (0.18) Tax related items (5) 0.11 0.05 (0.02) (0.05) Total non-recurring and other unusual items $ 0.27 $ 1.…, (Loss) income before income taxes and equity in net income of unconsolidated investments, Income tax expense (benefit), Effective income tax rate, Three months ended June 30, 2025, As reported $ (8,971) $ 34,094 (380.0) % Non-recurring, other unusual and non-operating pension and OPEB items 27,664 (4,213) As adjusted $ 18,693 $ 29,881 159.9 %, Three months ended June 30, 2024, As reported $ (494,132) $ (30,660) 6.2 % Non-recurring, other unusual and non-operating pension and OPEB items 311,972 77,810 As adjusted $ (182,160) $ 47,150 (25.9) %, Six months ended June 30, 2025, As reported $ (27,937) $ 30,116 (107.8) % Non-recurring, other unusual and non-operating pension and OPEB items 21,381 10,579 As adjusted $ (6,556) $ 40,695 (620.7) %, Six months ended June 30, 2024, As reported $ (661,706) $ (34,381) 5.2 % Non-recurring, other unusual and non-operating pension and OPEB items 369,072 95,217 As adjusted $ (292,634) $ 60,836 (20.8) % , Contact:, [email protected] 1.980.299.5700 View original content to download multimedia: https://www.prnewswire.com/news-releases/albemarle-reports-second-quarter-2025-results-302517789.html SOURCE Albemarle CorporationTyp: Article
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