CHARLOTTE, N.C. , Feb. 3, 2021 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a leader in the global specialty chemicals industry, today announced the pricing of a previously announced underwritten public offering of 8,496,733 shares of its common stock at a price to the public of $153.00 per share. The gross proceeds from this offering are expected to be approximately $1.3 billion , before..., 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 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..., Forward-Looking Statements, Some of the information presented in this press release, including, without limitation, statements 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 information related to product development, production capacity, committed volumes, market trends, pricing, expected...
Tipo: Article
CHARLOTTE, N.C. , Feb. 2, 2021 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a leader in the global specialty chemicals industry, today announced preliminary results for the fourth quarter ended December 31, 2020 . , Fourth-Quarter 2020 Highlights, (Unless otherwise stated, all percent changes are based on year-over-year comparisons) Net sales of between $870 million and $880 million , down 11% to 12%, but above prior outlook Net income in the range of $77 million to $87 million , down 3% to 15%; $0.73 to $0.81 per diluted share Adjusted diluted EPS of between $1.11 and $1.19 , excluding an after-tax $40 million mark-to-market actuary loss..., Outlook, Albemarle anticipates that its full-year 2021 performance will improve relative to 2020 with continued economic recovery following the COVID-19 pandemic. We expect our Lithium business to experience lower pricing, offset by higher volumes. Higher Lithium costs related to project start-ups are expected to be partially offset by efficiency improvements. Bromine results are expected to be up on..., Fourth Quarter and Full-Year Results, Three Months Ended, Year Ended, December 31 ,, December 31 ,, In millions, except per share amounts, 2020, 2019, 2020, 2019, Net sales $870 - $880 $ 992.6 $3,120 - $3,130 $ 3,589.4 Net income attributable to Albemarle Corporation (a) $77 - $87 $ 90.4 $368 - $378 $ 533.2 Adjusted EBITDA (b) $213 - $223 $ 294.7 $811 - $821 $ 1,036.8 Diluted earnings per share $0.73 - $0.81 $ 0.85 $3.46 - $3.54 $ 5.02 Adjusted diluted earnings per share (b) $1.11 - $1.19 $ 1.73 $4.06 - $4.14 $ 6.04 (a) Fourth-quarter and full-year 2020..., Consolidated Summary of Segment Results, Three Months Ended, Year Ended, December 31 ,, December 31 ,, 2020, 2019, 2020, 2019, Net sales:, Lithium $356 - $359 $ 411.1 $1,142 - $1,145 $ 1,358.2 Bromine Specialties $260 - $263 243.5 $962 - $965 1,004.2 Catalysts $194 - $196 282.5 $796 - $798 1,061.8 All Other $60 - $62 55.4 $220 - $222 165.2 Total net sales $870 - $880 $ 992.6 $3,120 - $3,130 $ 3,589.4 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 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 as alternatives to Net income attributable to Albemarle..., Earnings Release, Albemarle will release its fourth-quarter 2020 earnings after the NYSE closes on Wednesday, Feb. 17, 2021 . The company will hold a conference call to discuss fourth-quarter 2020 results on Thursday, Feb. 18 , 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..., Q4 Webcast Link, Due to the COVID-19 pandemic, teleconference providers globally are experiencing increases in conference call volume. 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..., 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 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..., 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..., ALBEMARLE CORPORATION AND SUBSIDIARIES, Non-GAAP Reconciliations, (Unaudited), See below for a reconciliation of adjusted net income attributable to Albemarle Corporation to Net income attributable to Albemarle Corporation ("earnings"), the most directly comparable financial measure calculated and reported in accordance with GAAP. Adjusted earnings is defined as earnings before the non-recurring, other unusual and non-operating pension and other postretirement benefit ("..., Three Months Ended, Year Ended, December 31 ,, December 31 ,, In millions, except per share amounts, 2020, 2019, 2020, 2019, Net income attributable to Albemarle Corporation $77 - $87 $ 90.4 $368 - $378 $ 533.2 Add back: Non-operating pension and OPEB items (net of tax) 37.6 20.5 30.7 18.6 Non-recurring and other unusual items (net of tax) 3.2 73.4 32.9 90.7 Adjusted net income attributable to Albemarle Corporation $118 - $128 $ 184.3 $432 - $442 $ 642.5 Adjusted diluted earnings per share $1.11 - $1.19 $ 1.73 $4.06..., Three Months Ended, Year Ended, December 31 ,, December 31 ,, 2020, 2019, 2020, 2019, Net income attributable to Albemarle Corporation $77 - $87 $ 90.4 $368 - $378 $ 533.2 Depreciation and amortization 61.8 56.8 232.0 213.5 Non-recurring and other unusual items: Restructuring and other (a) 8.6 0.6 19.6 5.9 Acquisition and integration related costs (b) 2.9 6.3 17.3 20.7 Gain on sale of property (c) — (3.3) — (14.4) Stamp duty (d) — 64.8 — 64.8 Windfield tax settlement (e) — 17.3 —..., Adjusted EBITDA, $213 - $223 $ 294.7 $811 - $821 $ 1,036.8 (a) In 2020, we expect to record severance expenses as part of business reorganization plans, impacting each of our businesses and Corporate, primarily in the U.S. , Belgium , Germany and with our Jordanian joint venture partner. During the three months and year ended December 31, 2019 , severance expenses were recorded as part of a business...
Tipo: Article
CHARLOTTE, N.C. , Feb. 2, 2021 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a leader in the global specialty chemicals industry, today announced that it has commenced an underwritten public offering of $1,300,000,000 of shares of its common stock. In connection with this offering, Albemarle expects to grant the underwriters a 30-day option to purchase up to $195,000,000 of additional..., 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 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..., Forward-Looking Statements, Some of the information presented in this press release, including, without limitation, statements regarding the proposed public offering and the intended use of proceeds from the proposed offering and 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...
Tipo: Article
CHARLOTTE, N.C. , Jan. 12, 2021 /PRNewswire/ -- , Albemarle Corporation, (NYSE: ALB), a leader in the global specialty chemicals industry, announced today that it will release its fourth-quarter 2020 earnings after the NYSE closes on Wednesday, Feb. 17, 2021 . The company will hold its conference call to discuss fourth-quarter 2020 results on, Thursday, Feb. 18 , 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: 6989169 Webcast: Q4 Webcast Link Due to the COVID-19 pandemic, teleconference providers globally are experiencing increases in conference call volume. To avoid registration wait times,..., About Albemarle Corporation, 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 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...
Tipo: Article
CHARLOTTE, N.C. , Jan. 11, 2021 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a leader in the global specialty chemicals industry, announced today that Melissa Anderson has joined the company as Senior Vice President, Chief Human Resources Officer, effective January 11, 2021 . Anderson joins Albemarle from Duke Energy, an American electric power holding company based in North Carolina..., 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 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...
Tipo: Article
CHARLOTTE, N.C. , Dec. 7, 2020 /PRNewswire/ -- , Albemarle Corporation, (NYSE: ALB), a leader in the global specialty chemicals industry, announced today that Eric Norris , President, Lithium, will participate as a keynote speaker at Benchmark Minerals' Lithium Conference 2020 on Thursday, Dec. 10, 2020 , at 4 p.m. ET . The conference is part of Benchmark Week 2020, an online special, bringing together industry leading experts and influencers in the lithium-ion..., 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 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...
Tipo: Article
CHARLOTTE, N.C. , Dec. 2, 2020 /PRNewswire/ -- , Albemarle Corporation, (NYSE: ALB), a leader in the global specialty chemicals industry, proudly announces that Chile Country Manager, Ellen Lenny-Pessagno , has been recognized as one of the "100 Global Inspiring Women in Mining" (WIM100) by Women in Mining (WIM) U.K. The biennial WIM100 publication celebrates the "above and beyond" contributions of women to the global mining industry. Lenny-Pessagno joined..., 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 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...
Tipo: Article
CHARLOTTE, N.C. , Nov. 18, 2020 /PRNewswire/ --, , Albemarle Corporation (NYSE: ALB), a leader in the global specialty chemicals industry, announced today that it will serve as a founding member of ZETA, a first-of-its-kind U.S. -based coalition committed to achieving 100 percent electric vehicle (EV) sales by 2030. ZETA will advocate for national policies to enable the full adoption of EVs throughout the light-, medium-, and heavy-duty..., Outcome-driven consumer EV incentives, . Point-of-sale consumer incentives drive adoption, provide cost reductions and achieve real results in pushing transportation electrification. These incentives should be widely available to all EV models until there is substantial uptake., Emissions performance standards enabling full electrification by 2030, . Emission targets are a key piece of protecting public health and sending the correct market signals to support and accelerate the transition to zero emission transportation., Infrastructure investments, . Strong federal charging infrastructure investments will drive the electric transportation transition and ensure that the United States is leading the way in a clean recovery where everyone is better off., Early retirement incentives for legacy vehicles, . Even if every vehicle purchased moving forward is electric, without further action, full turnover of the U.S. vehicle inventory will take a generation. Incentivizing early retirements while encouraging EV adoption will speed the transition and meet the urgency of the moment., Federal leadership and cooperation with sub-national entities, . Federal support should invest in research and development, provide an aligned vision for electrification, and ensure local leaders are empowered with the expertise and resources to support full vehicle electrification. "For the first time in a generation, transportation is the leading emitter of U.S. carbon emissions. By embracing EVs, federal policymakers can help drive innovation, create..., 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 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...
Tipo: Article
CHARLOTTE, N.C. , Nov. 12, 2020 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a leader in the global specialty chemicals industry, announced today that its site in Kings Mountain, N.C. , was recently recognized by the Wildlife Habitat Council (WHC) for its excellence in corporate conservation in the Pollinator Project category at the 2020 WHC Awards. This recognition demonstrates 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 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...
Tipo: Article
CHARLOTTE, N.C. , Nov. 10, 2020 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a leader in the global specialty chemicals industry, announced today that Eric Norris , President, Lithium, will speak and participate in a Q&A session at Deutsche Bank's upcoming virtual 5 th Annual Lithium and Battery Supply Chain Conference on Tuesday, Nov. 17, 2020 . In addition to Norris, Tina Craft ,..., 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 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...
Tipo: Article